Wesfarmers’ Limited
(ASX:WES) owned Coles is mulling plan to shake up the way fees are charged to the food manufacturing sector, according to media reports.
The supermarket group is reportedly considering sidelining independent field agents and creating its own panel of agents to deal with suppliers.
This would give Coles control over the fees that are charged to suppliers by field agents, while also giving it a rebate in the process.
Field agents are believed to generate about $500 million a year in turnover. This is mostly from fees paid to them by suppliers, with Coles eyeing further cost savings in the supply chain.
Wesfarmers posted a net profit of 1.28 billion in the first half of the current financial year.
