Report reveals how suppliers are on the verge of collapse
More than 100 food and drink suppliers to supermarkets are at risk of collapse, according to a hard-hitting report from corporate restructuring specialists Begbies Traynor.
It blames the supermarket price war that is squeezing suppliers.
The report will heighten fears about a trade credit insurance crunch among suppliers.
Last month credit insurer Atradius warned that supermarket suppliers to the “Big Four” supermarkets faced a “perfect storm”.
Suppliers risked being delisted and having their payment terms extended as the supermarkets cut the number of products they sell to ease cash flow.