‘Not transformative’: Westpac pokes a finger at grocery duopoly

(Image: Getty)

Fri, 12 May 2023

Like training for a marathon, Westpac wants consumers to focus on the long-term benefits rather than the short-term pain that could come with reducing the level of grocery industry concentration.In a new grocery report, Westpac said last year’s grocery sector recommendations out of the Commerce Commission had been brought “back into focus” thanks to growing concerns over skyrocketing food prices and the current cost-of-living crisis.Industry economist Paul Clark said the “transformative” grocery reforms that are be...

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