Apple Joins White House 'SupplierPay' Program to Speed Payments for Small Businesses [Updated]

by

Apple, Coca-Cola and other high-profile companies across various sectors have agreed to participate in SupplierPay, a new White House initiative designed to accelerate payments for smaller firms in the company's supply chain. President Barack Obama is expected to announce the program and early adopters later today, reports the Wall Street Journal.

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.

SupplierPay is the private sector counterpart of the government's existing QuickPay program that pays small business contractors before larger ones. Under QuickPay, businesses typically receive payment within two weeks of a completed project or service.

foxconn_ipad_polishing
Apple in recent years has focused on supply chain issues, working to curb excessive overtime, underage workers and harsh working conditions in its supplier factories. The Cupertino company requires its suppliers to meet a code of conduct, routinely monitors its contract manufacturers for compliance with these fair labor practices and issues an annual Supplier Responsibility report to document its progress.

Update 5:00 PM PT: Following a meeting with President Obama, Apple Senior Vice President of Operations Jeff Williams gave a statement noting that Apple spent more than $3 billion with over 7,000 suppliers running small businesses in 2013 using SupplierPay.

Companies involved with the SupplierPay project included Metal Impact, a company that manufactures the Mac Pro's enclosure. The Mac Pro has been highlighted by Apple as a product line assembled in the United States.

Top Rated Comments

jlgolson Avatar
86 months ago
This is a big deal for small businesses without a significant cash float. Getting paid quickly is essential.

I wonder if it extends to developer payments from the App Store too?
Score: 3 Votes (Like | Disagree)
ArtOfWarfare Avatar
86 months ago

I wonder if it extends to developer payments from the App Store too?


That would be amazing. Right now it takes 5-10 weeks for money from apps sold to appear in my bank account.
Score: 2 Votes (Like | Disagree)
Rogifan Avatar
86 months ago
Hmm...wonder if Amazon will be part of this too?
Score: 2 Votes (Like | Disagree)
mjsanders5uk Avatar
86 months ago
One can only hope the UK and other European govt's join this programme. As a freelancer working in TV production, corporate clients just take the piss sometimes when it comes to payment. The worst are ad agencies and pharma companies - one takes 60+ days to pay. Oh and Tesco are pretty **** to!
Score: 1 Votes (Like | Disagree)
campyguy Avatar
86 months ago
Nice supplementary photo in the OP. That product line is definitely not here in the US, but using US tax dollars for payments/subsidies. Our hard-earned tax dollars going to feed our need for foreign-made products... :( :mad:
Score: 1 Votes (Like | Disagree)
haydn! Avatar
86 months ago
Those worried about the speed of receiving payments from the AppStore, might want to check out Pollen.

https://www.pollen.vc
Score: 1 Votes (Like | Disagree)

Top Stories

bloodoxygenapplewatch

Apple Watch Series 7 Rumored to Feature Blood Glucose Monitoring

Monday January 25, 2021 5:05 am PST by
The Apple Watch Series 7 will reportedly feature blood glucose monitoring via an optical sensor, according to ETNews. The report, which mainly focuses on the blood glucose capabilities of the Samsung Galaxy Watch 4, explains that Apple is intending to bring blood glucose monitoring to the upcoming Apple Watch Series 7 using a non-invasive optical sensor. Measuring blood glucose levels,...
magsafecasedangle

Apple Elaborates on Potential for iPhone 12 and MagSafe Accessories to Interfere With Implantable Medical Devices

Saturday January 23, 2021 2:42 pm PST by
Since the launch of iPhone 12 models in October, Apple has acknowledged that the devices may cause electromagnetic interference with medical devices like pacemakers and defibrillators, but the company has now shared additional information. Apple added the following paragraph to a related support document today:Medical devices such as implanted pacemakers and defibrillators might contain...
14

Apple Releases iOS 14.4 and iPadOS 14.4 With New Camera Warnings and Bug Fixes

Tuesday January 26, 2021 10:04 am PST by
Apple today released iOS and iPadOS 14.4, the fourth major updates to the iOS 14 operating system that was initially released in September. iOS and iPadOS 14.4 come more than a month after the release of iOS and iPadOS 14.3, updates that brought new emojis, Intercom support, and more. The iOS and iPadOS 14.4 updates can be downloaded for free and the software is available on all eligible...
Top Stories 44 Feature

Top Stories: 'Thinner and Lighter' MacBook Air, Smaller iPhone 13 Notch, iOS 14.4 Incoming

Saturday January 23, 2021 6:00 am PST by
We continued to hear a lot more about Apple's plans for its Mac lineup this week, including word of a high-end redesigned MacBook Air and the return of an SD card slot as part of the upcoming MacBook Pro redesign. It also sounds like Apple has been working on Face ID for Mac, but it won't be appearing in a redesigned iMac this year as originally planned. This week also saw rumors about the...
14

Apple Releasing iOS 14.4 and watchOS 7.3 Later Today

Tuesday January 26, 2021 7:20 am PST by
In its Black History Month announcement this morning, Apple has confirmed that iOS 14.4 and watchOS 7.3 will be released later today. watchOS 7.3 expands the ECG app on the Apple Watch Series 4 and newer to Japan, Mayotte, Thailand, and the Philippines, while iOS 14.4 introduces a notification on iPhone 12 models with non-genuine cameras. Both software updates also add support for a new...
maxresdefault

Microsoft Touts Surface Pro 7 as 'The Better Choice' Over MacBook Pro in New Ad

Saturday January 23, 2021 11:02 am PST by
Microsoft yesterday shared a new ad on YouTube titled "Microsoft Surface Pro 7: The Better Choice," in which the company compares its tablet computer to Apple's 13-inch M1 MacBook Pro, as spotted by MSPoweruser. The ad highlights the Surface Pro 7's touchscreen and included stylus as opposed to only a "little bar" (the Touch Bar) on the MacBook Pro. Other advantages of the Surface Pro 7...
apple watch black unity

Apple Celebrates Black History Month With Limited-Edition Watch, Featured Apps and Books, and More

Tuesday January 26, 2021 6:14 am PST by
Apple today announced that it will be celebrating Black History Month with curated content that highlights and amplifies Black creators, artists, developers, and businesses across the App Store, Apple Music, the Apple TV app, Apple Books, Apple Podcasts, and more. The content will be featured throughout the month of February. Black Unity Sport Band has "Truth. Power. Solidarity." ...
7

Apple Releases watchOS 7.3 With Unity Watch Face, Expanded ECG Availability and More

Tuesday January 26, 2021 10:03 am PST by
Apple today released watchOS 7.3, the third major update to the watchOS 7 operating system that was released in September. watchOS 7.3 comes more than a month after watchOS 7.2, an update that brought support for Apple Fitness+ ‌‌The watchOS 7.3 update‌‌ can be downloaded for free through the dedicated Apple Watch app on the iPhone by going to General > Software Update. To install...
time to walk apple watch

Apple Fitness+ Feature 'Time to Walk' Launching Soon With Audio Stories From Special Guests

Saturday January 23, 2021 7:13 pm PST by
Earlier this week, Apple seeded the watchOS 7.3 Release Candidate, which is typically the final beta version of a software update. The release notes for the update list a new "Time to Walk" feature for Apple Fitness+ subscribers, described as "an audio experience in the Workout app where guests share inspiring stories as you walk." Apple Fitness+ subscribers will be able to open the Workout...
apple dan riccio

Dan Riccio Transitioning to New Project, John Ternus to Lead Apple's Hardware Engineering Team

Monday January 25, 2021 2:05 pm PST by
Apple today announced that current Apple hardware engineering SVP Dan Riccio is transitioning to a new role where he will focus on an unspecified project, with John Ternus set to take over as Apple's senior vice president of hardware engineering. In a statement, Apple CEO Tim Cook said that Riccio made Apple a better and more innovative company, and that Ternus will bring a deep expertise...