As companies push out their payables – some as far as 180 days – they are offering vendors a way to get their money earlier called supply-chain financing.

How it works:

As a side, New Zealand is working oil as a law that prevents large customers from stretching payments beyond 30 days.  I am all for that!

 

Recognizing a need to reduce its environmental footprint, Walmart has extended supply chain financing to include helping “smaller suppliers” get special financing for sustainability efforts.  These small suppliers need a lot of cash to reach “net zero.”  Stay tuned!

 

Spot dry van $2.93 in November  (Source  DAT Solutions )