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June 7, 2013
By: TOM BRANNA
Editor
• The world’s largest consumer products company didn’t just change CEOs (see p. 124) it’s changing pay terms, too. Next month, Procter & Gamble will increase the time it takes to pay for supplies, but will offer financing to help mitigate the impact a longer payment cycle could have on small and midsize businesses, the company told suppliers earlier this year. P&G plans to increase the time it takes to pay suppliers by as much as 30 days, which could free up to $2 billion in cash, The...
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