Financial hardships caused by the coronavirus pandemic are forcing companies across all industries to reassess payment terms with their suppliers. Some forward-thinking companies have made changes to the benefit of suppliers, serving as leaders for others in their industry.
Across all sectors and all regions of the world, several companies in recent weeks have announced reduced payment terms for some of their suppliers and/or that they’re making immediate payments for outstanding invoices to help keep their smaller suppliers afloat during the pandemic. Consider the following examples:
