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Apparel industry payment terms no longer fit for purpose

2020-04-20 13:35:00| Daily apparel & textile news and comment - from just-style.com

The current global Covid-19 crisis has placed severe strain upon the apparel industry supply chain, with garment manufacturers and related ancillary industries feeling the financial effects of the global collapse in clothing retail. The crisis has also thrown into sharp focus the inadequacies of the existing system of supplier payment terms.

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