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Will Covid-19 spark change in UK supplier payment terms?
- Source :
- Aroq - Just-Food.com (Global News); 5/13/2020, pN.PAG-N.PAG, 1p
- Publication Year :
- 2020
-
Abstract
- Keywords: Aldi; Arla Foods; Asda; Bakkavor; Greencore; HJ Heinz; Kellogg; Lidl; Marks and Spencer; Mars; McCain Foods; Mondelez International; Morrisons; Muller; Nestlé PepsiCo; Premier Foods; Sainsbury's; Tesco; Unilever; United Biscuits; Waitrose EN Aldi Arla Foods Asda Bakkavor Greencore HJ Heinz Kellogg Lidl Marks and Spencer Mars McCain Foods Mondelez International Morrisons Muller Nestl&eacute PepsiCo Premier Foods Sainsbury's Tesco Unilever United Biscuits Waitrose N.PAG N.PAG 1 06/04/20 20200513 NES 200513 B Some food retailers and manufacturers operating in the UK have reduced their payment terms to help suppliers deal with the fall-out from Covid-19. "We recognise [this period] is particularly challenging for our smaller suppliers, [so] we shortened our payment terms for our smaller suppliers […] with payment processed immediately and funds cleared within five days", says a Tesco spokesperson. [Extracted from the article]
- Subjects :
- COVID-19
BUSINESS negotiation
PAYMENT
SUPPLIERS
CHIEF executive officers
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Aroq - Just-Food.com (Global News)
- Publication Type :
- Report
- Accession number :
- 143539901