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Paraphrase ''Within the grocery and supermarket industry, many of the organizations purchase their materials from various suppliers. When suppliers are in positions of dominance, they
Paraphrase ''Within the grocery and supermarket industry, many of the organizations purchase their materials from various suppliers. When suppliers are in positions of dominance, they have the ability to decrease the total margins that the supermarket or store can earn in the market, and powerful suppliers within the Services sector can utilize their negotiating abilities to extract higher prices from the firms in the industry (Lombardo, 2017). The issue with this higher bargaining power from the supplier is that it lowers the overall profitability of the companies within the industry. To fix this risk, Whole Foods Market Inc. can make efforts to improve their supply chain with their suppliers, attempt to utilize different materials in the designing and creation of products, and develop partnerships with suppliers whose success is dependent on the business from Whole Foods Market Inc
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