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BBCNEWS Talking Business June 4, 2024 16:33:00

For pretty much everyone on the planet. this inflation is the reason central banks are ramping up their interest rates. workers are demanding higher wages and shops, they are the new battleground between retailers and their suppliers. the boss of the biggest retailer right here in the uk, it s tesco, told the bbc about how his company negotiates with suppliers about price. i think you need to talk to the individual suppliers to, if you think that their price increases are hard to justify. we work very hard at tesco to analyse the make up of our food products. an awful lot of our own label is bought on what s called an open book basis. in other words, we see what the ingredients are costing our suppliers and we have an agreed kind of profit margin for them on top of their raw material costs and their operating costs. so we know exactly what s going on there. and, you know, we don t have the same access to the profit structures of our branded suppliers, but we do challenge them as hard a ....

Interest Rates , Bbc News , Price Increases , Food Products , Make Up , An Open Book Basis , Operating Costs , Raw Material , Profit Margin , Profit Structures ,

BBCNEWS Talking Business June 4, 2024 10:33:00

The cost of most of the things that we buy has gone up and up for pretty much everyone on the planet. this inflation is the reason central banks are ramping up their interest rates. workers are demanding higher wages and shops, they are the new battleground between retailers and their suppliers. the boss of the biggest retailer right here in the uk, it s tesco, told the bbc about how his company negotiates with suppliers about price. i think you need to talk to the individual suppliers to if you think that their price increases are hard to justify. we worked very hard at tesco to analyse the make up of our food products. an awful lot of our own label is bought on what s called an open book basis. in other words, we see what the ingredients are costing our suppliers and we have an agreed kind of profit margin for them on top of their raw material costs and their operating costs. so we know exactly what s going on there. and, you know, we don t ....

Interest Rates , Bbc News , Food Products , Price Increases , Make Up , An Open Book Basis , Operating Costs , Raw Material , Profit Margin ,

BBCNEWS Talking Business June 4, 2024 23:32:00

Welcome to the show. blimey, how much is that? you know, that s the question millions of us are now asking ourselves as we shop for everyday essentials. the cost of most of the things that we buy has gone up and up for pretty much everyone on the planet. this inflation is the reason central banks are ramping up their interest rates. workers are demanding higher wages and shops, they are the new battleground between retailers and their suppliers. the boss of the biggest retailer right here in the uk, it s tesco, told the bbc about how his company negotiates with suppliers about price. i think you need to talk to the individual suppliers to if you think that their price increases are hard to justify. we worked very hard at tesco to analyse the make up of our food products. an awful lot of our own label is bought on what s called an open book basis. in other words, we see ....

Welcome To The Show , Interest Rates , Bbc News , Price Increases , Food Products , Make Up , An Open Book Basis ,

BBCNEWS Talking Business June 4, 2024 22:32:00

Ourselves as we shop for everyday essentials. the cost of most of the things that we buy has gone up and up for pretty much everyone on the planet. this inflation is the reason central banks are ramping up their interest rates. workers are demanding higher wages and shops. they are the new battleground between retailers and their suppliers. the boss of the biggest retailer right here in the uk, it s tesco, told the bbc about how his company negotiates with suppliers about price. i think you need to talk to the individual suppliers to if you think that their price increases are hard to justify. we worked very hard at tesco to analyse the make up of our food products. an awful lot of our own label is bought on what s called an open book basis. in other words, we see what the ingredients are costing our suppliers and we have an agreed kind of profit margin for them on top ....

Interest Rates , Bbc News , Price Increases , Food Products , Profit Margin , An Open Book Basis ,