UK retailer Morrisons has announced that it will continue to make immediate payments to its smaller suppliers until the end of January 2021.
The initiative aims to help smaller suppliers through the ongoing coronavirus pandemic and provide stability as the UK is in a recession.
The retailer has been making immediate payments to small food manufacturers and farmers since March of this year.
'Ongoing Pressure'
Chief executive of Morrisons, David Potts, said, “Suppliers and farmers have told us they face ongoing pressure and we want to be there for them during this challenging period.
“We highly value the continued and consistent efforts of British farmers and small suppliers and want to say thank you and extend support where we can.”
The retailer has also extended the 5% discount that Morrisons’ farmers get on their grocery purchases.
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.
