The crisis of confidence in our supermarkets

When Brad Banducci, the long-time CEO of Woolworths, gave an interview last week that made headlines, for all the wrong reasons, the fallout was swift. The company’s share price fell. The prime minister piled on, scrutinising the supermarket for a potential “abuse of power”.  The issue of price gouging and lack of supermarket competition has been in the spotlight for months now. But, to what end?  Today, business columnist Elizabeth Knight on whether we’re likely to see any reform from six upcoming government inquiries into this matter.Subscribe to The Age & SMH: https://subscribe.smh.com.au/See omnystudio.com/listener for privacy information.