Late payments among issues for suppliers, survey finds (opens original article in a new tab)

A survey reveals that suppliers face challenges such as late payments and last-minute order cancellations, with 11% reporting unfair trading practices. The agri-food regulator is set to gain more powers to improve transparency in the sector.

• Late payments, last-minute order cancellations, and fear of retaliation are key issues for suppliers dealing with major retailers and wholesalers.
• 11% of suppliers reported encountering unfair trading practices (UTPs) in the past year, down from 14% the previous year.
• The agri-food regulator is set to gain increased powers to compel data sharing from businesses, including pricing, supply chains, and salaries.