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Tesco knowingly delayed payments to suppliers

  |   INDUSTRY   |   No comment

An investigation by the Grocery Code Adjudicator has found Tesco guilty of delaying payments to suppliers to meet set targets and profit margins.

This placed pressure on Tesco’s suppliers to undertake the admin tasks associated with recovering late payments and distracted from sourcing new business. Such actions threatened the existence of smaller suppliers.

Read the full article here

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