Coca-Cola, Bud Light Listed Among Slow Payers in UK! Making Suppliers Wait for Over 100 Days
By Giuliano De Leon
Mar 12, 2024 10:03 AM EDT
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Mar 12, 2024 10:03 AM EDT
Coca-Cola and Bud Light were listed among the slow payers in the United Kingdom. This was revealed by the Good Business Pays: a campaign launched to encourage the U.K.'s largest firms to track their payments to small suppliers.
According to Fortune's latest report, the report of Good Business Pays shamed many big retail brands for taking months to pay smaller suppliers.
Good Business Pays revealed that the bottling firm behind Coca-Cola and the Bud Light manufacturer, AB InBev, makes smaller suppliers wait for more than 100 days.
Here's what exact details revealed by the official "THE LATE & THE SLOW PAYMENT WATCHLIST SPRING 2024" report:
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The Good Business Pays said that the payment times of over 80 days among large companies increased by 20%. It added that this is the largest surge of companies reporting payments being made between 80-90 days.
The campaign also revealed that companies make suppliers wait for over 100 days in the manufacturing sector. The Good Business Pays categorized them into three:
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