Supporting the supply chain during the Coronavirus pandemic

As businesses close to minimise the spread of Coronavirus, this has an obvious impact on the supply chain.

As we attempt to navigate through these difficult times, it is important that we too, as businesses, look to how we can support each other in order to ride out the storm.

In the UK, supermarket chain, Morrisons, has announced it will pay small suppliers immediately, rather than sticking to their usual payment terms.

For all companies, having a delay in payment of goods or services could lead to potential cash flow issues.

Supporting cashflows during this difficult economic time is a moral responsibility and something we should all be thinking about.

Here, at MF Communications, we have taken the measure of paying our suppliers early, recognising that these are not normal times and therefore, should require a different way of operating and thinking.

Exceptional times require exceptions. The global economy has taken a huge hit and will continue to do so for the foreseeable future.