#responsible capitalism

LIVE

“At Li & Fung, a logistics company serving major brands and retailers, the reward for better behavior is better financial terms; “good suppliers” get paid 15 or 30 days faster than others. Ireland-based firm PCH International, a custom design manufacturer, borrows funds for its best performing suppliers at interest rates far lower than a factory would likely have to pay if it tried to borrow money from the bank.”

https://www.gsb.stanford.edu/insights/how-big-brands-can-cultivate-ethical-suppliers

loading