Mars

Member firms alerted The Forum to Mars UK’s intentions in April 2014 to introduce a supply chain finance scheme – which in effect would offer suppliers the option of being paid a reduced invoice within 10 days – to extend its payment times from 60 to 120 days.

This prompted The Forum’s policy team write to Mars and to question their plans and to consider placing the food giant in its late payment ‘Hall of Shame’.

 

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