By Edward Devlin2021-03-05T11:29:00+00:00
Amazon is turning the screws on its growing grocery supply base with tougher new terms as shoppers use it to spend more money on food and drink products.
New terms proposed by Amazon to suppliers seen by The Grocer revealed requests for lower cost prices, bigger marketing fees and longer payment terms, with the option to move from 60 days to 90 days or remain on 60 with a 1% discount for quick payment or 75 with a 0.5% discount.
Suppliers must tick a box to either agree or disagree with the terms.
The new Amazon terms sheet also stressed that “improving product costs is essential for the overall health of your business on Amazon and may have an impact on the number of orders you receive.”