Federal retailers are not ready to reduce payment terms for socially significant products for suppliers. We are talking about meat, bread, flour, vegetable oil, sugar, salt and so on – just over 20 items in total. This is stated in a letter from the Association of Retail Trade Companies (AKORT) to Deputy Prime Minister Dmitry Grigorenko (Izvestia has read the document).
The networks responded to the bill of deputies of different factions led by Deputy Chairman of the State Duma Alexei Gordeev (United Russia), which was introduced into the lower house of parliament at the end of 2022.
Then parliamentarians proposed revising Article 9 of the trade law: thus, retailers can transfer funds to partners within eight days if they purchased products with a shelf life of less than 10 days. If goods can be stored for 10–30 days, then payment must be made within 25 calendar days.
Legislators are confident that chains must pay for all socially significant goods within 10 days, and for fresh and perishable products the framework should be reduced to 4–8 days.
As stated in the explanatory note to the bill, now manufacturers have cash gaps between the supply of goods and their payment: companies are forced to take out loans. This situation undermines the strength of suppliers and affects the continuity of their work. But trade representatives do not agree: the proposed standards will have the opposite effect, in particular, they will have a negative impact on consumers, AKORT said in its response.
Read more in the exclusive material from Izvestia:
Just for the future: retailers opposed the reduction of payment terms with suppliers
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