Amazon under investigation for alleged late payments
Amazon ‘disappointed’ by watchdog investigation
- The UK's Groceries Code Adjudicator (GCA) has launched an official investigation into Amazon's treatment of its suppliers.
- The probe will specifically examine alleged delays in paying suppliers, deductions made during commercial negotiations, and how Amazon addresses supplier concerns regarding these deductions.
- This investigation comes almost a year after the GCA issued a stern warning to Amazon, urging the company to improve its compliance with industry regulations.
- Adjudicator Mark White stated that payment delays can significantly harm suppliers, potentially affecting their ability to invest and innovate.
- An Amazon spokesperson expressed disappointment with the decision but affirmed full cooperation with the investigation, stating the company has already made significant improvements to its payment practices.