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 Apple Spent Over $3B With 7,000 U.S. Small Business Suppliers In 2013, Yet Others Deny The Trickle-Down Effect... Go Figure...

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Apple Spent Over $3B With 7,000 U.S. Small Business Suppliers In 2013, Yet Others Deny The Trickle-Down Effect... Go Figure... Vide
PostSubject: Apple Spent Over $3B With 7,000 U.S. Small Business Suppliers In 2013, Yet Others Deny The Trickle-Down Effect... Go Figure...   Apple Spent Over $3B With 7,000 U.S. Small Business Suppliers In 2013, Yet Others Deny The Trickle-Down Effect... Go Figure... Icon_minitimeSat Jul 19, 2014 7:22 pm
Today, Apple SVP of Operations Jeff Williams attended a meeting with President Obama following the company’s adoption of the White House’s ‘SupplierPay’ initiative. The program, which also includes a financing component, is essentially an agreement by companies like Apple, Nissan, Rolls Royce and more to pay its small business suppliers faster — so that they can reinvest funds into growth.

Apple Spent Over $3B With 7,000 U.S. Small Business Suppliers In 2013, Yet Others Deny The Trickle-Down Effect... Go Figure... Screen-shot-2014-07-11-at-3-04-03-pm

SupplierPay is an evolution of QuickPay, which required federal agencies to pay small businesses within 15 days. SupplierPay applies this to the private sector, where manufacturers will fork over cash quicker to suppliers and investment companies will help them get lower-cost capital.

Basically, this is an attempt to get companies that can afford it to return cash flow to small or ‘diverse’ businesses quicker to let them spend that money, rather than it gathering interest in the coffers of a company like Apple.

http://techcrunch.com/2014/07/11/apple-spent-over-3b-with-7000-u-s-small-businesses-in-2013/
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