Bulletin for suppliers: Necessity of changing payment terms in the exceptional situation caused by coronavirus

In these exceptional circumstances, Alko wants to shoulder its corporate social responsibility and support the business of its suppliers.

As a special measure, we have decided to help out our suppliers who are facing liquidity challenges due to the rapid changes in the operating environment. We have proposed a temporary operating model to both the National Supervisory Authority for Welfare and Health Valvira and the Ministry of Social Affairs and Health that could help the companies that are in the most difficulties with their payments.

Suppliers can contact Alko if their liquidity has suffered during the past weeks and they would thus like to have a shorter payment term for their own sales invoices. In our decision making, we will use criteria based primarily on the company’s financial standing and liquidity. At Alko, a team consisting of product management, finances and legal affairs representatives will review all the cases confidentially and applying consistent principles.

If you would like to discuss payment terms, please contact us by email at talous@alko.fi and we will get back to you as soon as possible.