One of the world’s largest trade credit insurers has warned of a “perfect storm” for supermarket suppliers that could trigger widespread failures among small and medium-sized firms.
Atradius claims suppliers to the “Big Four” risk being delisted and having their payment terms extended as the supermarkets shrink the number of products they sell and try to ease the pressure on their cash flow.
Marc Henstridge, the director of risk services at Atradius, told The Sunday Telegraph: “Many of these suppliers are in difficulties to begin with. Unless banks suddenly have an appetite to support struggling businesses in the food sector then, yes, there will be fallout. There will be failures.”
To read the rest of the story, please go to: The Telegraph
