Amazon Faces Potential UK Regulatory Action Over Supplier Treatment

Quick Summary:

The Groceries Code Adjudicator (GCA) has warned Amazon of a formal investigation unless it improves adherence to the Groceries Supply Code of Practice (GSCOP), Reuters reports.

Amazon, subject to the Code since 2022, has seen its compliance score drop to 47% from 59% in 2023, placing it last among retailers.

Com Inc (NASDAQ:AMZN) faces potential regulatory action from Britain’s grocery regulator due to non-compliance with industry standards designed to protect suppliers.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: Regulations Stories That Matter MSFT Briefs AAPL META Top Stories US5949181045 Legal US0231351067 US0378331005 AMZN Tech Benzinga News AI Generated Government Media

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 15:04:38 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 269 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21575770

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