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These Financing Options are Gaining Ground as Suppliers Seek Cash

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

As fashion suppliers’ and retailers’ cash flow tightens courtesy of COVID-19, some financing methods are seeing an uptick in interest. In a typical payment timeframe, factories get paid a month or more after goods have been shipped. But with transportation delays, order cancellations and delayed payment terms, this process has been disrupted. “There’s so much…

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