Commerce magazine interviewed Retail & Consumer Products Co-leader Ronald Friedman about how to improve supply chains.
By Mile Z. Epstein
Marcum is advising our retail and manufacturing clients to work together to get things back on track, as they need each other. Marcum has suggested retailers to request discounts ranging from 15% to 50% on outstanding invoices, with monthly payments on balances ranging from 12 to 24 months. As stores begin re-opening, new purchases would be paid under normal terms. Marcum is seeing resistance with the manufacturers’ willingness to accept these terms, but without cooperation from the suppliers, there will be more bankruptcies on the horizon.
Coronavirus Resource Center
Have more questions about the impact of the coronavirus on your business? Visit Marcum’s Coronavirus Resource Center for up-to-date information.