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The biggest fear consumers have is that a small supplier might go bankrupt.
Imagine you are a small supplier to a £100m infrastructure project in Venezuela, say.
Here is why: Oil is a global market in which America is a big consumer but a small supplier.
Most large multinational corporations enjoy considerable market power, increasing their bargaining power with small supplier companies that operate under far more competitive pressure.
Surely, I asked director Darren Braham, it's cheaper for a small supplier like his to pay for meter readings than to rent £80 smart meters?
But they were accused by the boss of a small supplier of charging as much as they thought they could get away with.
Similar(42)
Small suppliers struggle to purchase electricity on the open market.
Some small suppliers even went out of business.
The spread of mobile telephony, including mobile banking, helps small suppliers struggling with overheads.
There is certainly room for the rest of the groceries sector to embrace small suppliers.
Willis uses a mix of small suppliers, and loves unusual varieties.
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