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U.S. Manufactures have access to capital such that they extend net 30 terms. That impact on our working capital is tremendous and outweighs the percentage cost
by caublestone 11y ago
U.S. Manufactures have access to capital such that they extend net 30 terms. That impact on our working capital is tremendous and outweighs the percentage cost savings.
- burnte 11y agoIt's also much less risky to extend such terms to a customer in the same nation. It's harder for a Chinese factory to sue a recalcitrant customer in the US.
- icelancer 11y agoMy Chinese supplier extends net 90. But only because I've paid upfront so many times. It's not different over there, but you're not getting net 30 if you're an unknown person.