Restoring the land of opportunity and A fair go for owner operated business and farmers – For people that aspire to work for themselves. There has been a most destructive concentration of market power in the Australian food industry. Two supermarket chains control more than 90% of the market. The AC Nielson series in 2002 reported the market share of the big two at 76.7%.
The Australian Bureau of Statistics in 1998, the last year of then Retail Trade Special Data Series had Woolworths and Coles market share at 62%. Both series showed that the growth of the market share each year exceeded 2%. The Annual Report to shareholders by Woolworths and Coles also claimed an average growth of 2%.
In stark contrast, the predominant Wal-Mart in America had in 2010 only 16.1% of the US market with the Big 2 in America under 23%.
Australian consumers, farmers, owner-operated retail shops and businesses and independent supermarkets all are suffering as a result of this ever increasing ubiquitous predominance. Breaking down these two supermarket giants puts competitiveness and therefore lower prices back into the market as well as recreating a land where owner operated business can once again flourish.
AusParty’s Roadmap for the Future: