Here is what people are saying about Steve Troy's book, Business Biographies - Shaken, Not Stirred... With A Twist:
PACA the Perishable Agricultural Commodities Act was established in 1930. The act was established to protect growers when they sold their goods off the farms. Before PACA there was much abuse and unfair trading practices when dealing with farmers. PACA was established to end these abuses and assure that farmers and their brokers get paid promptly. Farmers, brokers and distributers can all register with PACA and get all the protections it affords. The requirements are simple:
We all know of the names Ford, Chevy, Chrysler, Buick and Dodge when it
comes to the automotive world, but have you ever heard of Fisher?
Supply chain financing with AeroPay Express
The following article from the Harvard Business Review addresses the emergence of FinTech in supply chain financing used primarily by fortune 500 companies. For middle market supply chain finance and/or payables automation, contact AeroPay Express - the leader in mid-market supply chain finance solutions.
50 years ago it was common for vendors to give a discount for quick pay. Anyone remember the terms 2%/10 net 30? These were common terms given to buyers as late as the 1970’s. The seller’s terms were simply if the buyer pays their bill in 10 days they could take a 2% discount, if you waited the full 30 days to pay you paid net, which is another way of saying you paid the full invoice amount due.
While the US economy and the companies in the US stock market have limited exposure to the UK, they're all nevertheless affected by what's unfolding.
It was just a matter of time before the federal government took a hard look at FinTech, financial technology lending, web sites. The fallout started long before the implosion of the Lending Club one of the oldest of the FinTech lenders.
There is a new innovative financing option available to businesses and it is set to disrupt the multi-billion dollar factoring and asset based finance industry. Going by several names, supply chain financing, reverse factoring, trade finance, it has become a very popular service for some of the largest fortune 500 companies as well as a major source of revenue for major banks.