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I need a shop - Unilever Makes Things Difficult for Small Suppliers
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 Thursday, July 08, 2010

If this article is to believed Unilever has introduced new terms which are likely to squeeze small suppliers. Previously they took up to 30 days to pay their suppliers but they have recently ruled that will now change to 90 days. The change will be effective within the next week and warning letters have already been sent to many firms they deal with notifying them of the change. Although an initiative called the Prompt Payment Code was introduced in 2008 to encourage firms to settle bills quickly, Unilever have not signed up to it. Many other large firms such as Dell, Carlsberg, United Biscuits and Argos have all recently taken similar steps.

Thursday, July 08, 2010 7:49:09 AM (GMT Standard Time, UTC+00:00)  #    Comments [0]    |   |  Trackback
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