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Sealord Chief Executive Doug Paulin has criticized the operational costs of New Zealand’s major supermarket chains, suggesting that executives should reduce their own compensation and address the expenses associated with their corporate headquarters. Paulin’s comments follow his company’s decision to close a manufacturing facility in New Zealand.
According to Paulin, the closure was driven by the inability to maintain manufacturing operations while meeting the margin requirements set by the supermarket duopoly. He expressed skepticism regarding political promises to break up the existing supermarket structure, arguing that current industry practices remain a significant barrier for suppliers.
Paulin suggested that if supermarket chains are looking to reduce costs, they should examine their own internal structures, specifically citing executive pay and the maintenance of what he described as opulent headquarters. The remarks highlight ongoing tensions between major food suppliers and the retail chains that dominate the New Zealand market.
Article source: newsroom.co.nz | Image credit: Newsroom
