France has implemented a new law requiring payment within 45 days. It is part of a growing trend in regulation to prevent abuses by powerful companies that distort trading conditions.
But as an interesting article in GTNews reveals, such regulations ar enot without their problems. And overall in Europe, companies continue to wrestle with cash flow and funding issues.
The article sets out some of the creative steps that companies are taking to address these challoenges and to improve the stability of suppliers. For anyone involved in contract development or negotiation, these initiatives are interesting and may impact the way they shape the deal. In addition, it is another way that relationships become more collaborative.