Payment terms – why we’re bucking the trend

This weekend saw more headlines about payment terms given by the big fmcg companies, all of whom happen to be our clients.

Whether it be Premier Foods and their alleged ‘cash for contracts’ demands, 2 Sisters Food Group with their alleged 3% discount requirements for paying within 90 days or Heinz allegedly telling their suppliers that their payment terms have moved from 45 days to up to 97 (none of which, it’s worth noting, we’ve experienced).

The stories don’t mention the majority who pay promptly within 30 or 45 days.

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