Source: SOUTHEAST FARM PRESS, 6/25/18


A recent decision by Kroger to streamline payment terms for fresh fruit growers may violate federal law, according to a statement by the California Fresh Fruit Association. In a letter from Kroger management to suppliers, the company outlined its decision to standardize invoice payment terms under a new “Net 90” plan to become effective Aug. 1. The company writes that this will “smooth our cash conversion cycle, more efficiently manage our working capital to re-invest in our business, and harmonize our terms with industry peers.”

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