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M&S squeezes smaller suppliers post-Brexit, what can they do to prevent losses? PDF Print E-mail
Tuesday, 15 November 2016
Aamar Aslam, CEO of Funding Invoice, the invoice trading platform, comments on the news that Marks & Spencer faces gaps on the shelves by squeezing its smaller suppliers post-Brexit:

“Suppliers to the grocery sector are facing increased pressure across the board since the EU referendum, with the impact of the drop in Sterling’s value being felt far more by smaller suppliers to the UK’s supermarkets. This is equally true for Marks & Spencer, whose suppliers of own-label products have already begun to experience losses as a result of the slump in GBP.

Smaller suppliers must look for the opportunities the Brexit vote can present to them; with gaps on the shelves a likely possibility in the future, supermarkets will be looking to their suppliers to meet the consumer demand and replace missing products. Access to finance is undoubtedly a barrier in these situations, and small suppliers must look to finance partners to assist with funding these new, larger orders.”
 
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