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Will Covid-19 spark change in UK supplier payment terms?

Authors :
Burrows, David
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]

Details

Language :
English
Database :
Complementary Index
Journal :
Aroq - Just-Food.com (Global News)
Publication Type :
Report
Accession number :
143539901