Large US company forces 90 day payment terms on suppliers

Many companies are looking to shore up their cash holdings during these difficult economic times. But some very large companies are using the opportunity to change their payment terms, to the detriment of their suppliers.

One such company, which recently reported very healthy sales including during Covid-affected months, recently declared that it would only pay suppliers after 90 days. This at the same time that it boasted of large cash reserves, and redundancy in its supply chain.

In this podcast, RIABU's Simon Littlewood and Mark Laudi discuss what - if anything - suppliers can do about it.

You can also read our blog on this story here.