The supermarket has pledged to pay all its small scale suppliers, whose business with the retailer is worth less than GBP 100,000 annually, within seven days of receipt of a valid electronic invoice. More than 600 UK food producers will benefit from the change.
In addition, Waitrose has a dedicated buying team for local and regional suppliers and sells over 2,500 locally and regionally sourced products from 600 suppliers and is still growing its ranges. Buyers spend a great deal of time mentoring SMEs including providing them with technical and legal guidance.
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