Apple joins the Obama administration's new 'SupplierPay' program
July 11, 2014
The Obama administration has announced that Apple is one of several U.S. companies taking part in the new SupplierPay program. Similar to the federal QuickPay initiative, SupplierPay insures that small contractors in the private sector are paid within 15 days of submitting an invoice, according to The Wall Street Journal.
The report notes:
The program will "strengthen small businesses by increasing their working capital, so they can grow their businesses and hire more workers," the White House said in a statement.Apple releases an annual report on the subject of supply chain responsibility. In the report, the company details its efforts to enforce the company's Supplier Code of Conduct throughout its hundreds of contractors. Joining Apple in the SupplierPay program are Coca-Cola, IBM, and about two dozen other companies. See also: Apple Praised By Greenpeace For Reducing Use Of Conflict Minerals Like Tantalum, Apple CarPlay, Google Android Auto could cause challenges for the auto industry, and Apple's OS X Yosemite Is Already More Popular Than OS X Mavericks.
