Buy Now, Pay Later Helps JAB Billionaires Build Beverage Empire
1–10 of 35 posts
Re: Buy Now, Pay Later Helps JAB Billionaires Build Beverage Empire
#2TL;DR
After nestle they are the largest buyers of coffee beans so they act like Walmart. But they pay interest, at European rates (very low.)
$58 BILLION...in six years. It might not end well. A small hiccup at those numbers can kill you.
Re: Buy Now, Pay Later Helps JAB Billionaires Build Beverage Empire
#3What I love about these stories is the demonstration of how absurdly rich (as a civilization) we have become.
Things that in no way, shape or form are needed for bare survival account for, i don't know, 95% of our expenses?
We've always been pretty profligate, but I'd say that for many centuries we did not break 50%. Does anyone have hard data?
Re: Buy Now, Pay Later Helps JAB Billionaires Build Beverage Empire
#4What I love about these stories is the demonstration of how absurdly rich (as a civilization) we have become. Things that in no way, shape or form are needed for bare survival account for, i don't know, 95% of our expenses? We've always been pretty profligate, but I'd say that for many centuries we did not break 50%. Does anyone have hard data?
In medieval times, I think they worked all day essentially for food. But this is also due to automation, farming in US especially is basically run by a few % of the population.
Re: Buy Now, Pay Later Helps JAB Billionaires Build Beverage Empire
#5Not paying suppliers for 300 days sounds extremely exploitative, especially since most of the suppliers are from 3rd world countries. Supporting companies that have such draconian payment contacts is immoral, there should be a push for more fair payment terms.
Re: Buy Now, Pay Later Helps JAB Billionaires Build Beverage Empire
#6What I love about these stories is the demonstration of how absurdly rich (as a civilization) we have become. Things that in no way, shape or form are needed for bare survival account for, i don't know, 95% of our expenses? We've always been pretty profligate, but I'd say that for many centuries we did not break 50%. Does anyone have hard data?
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Re: Buy Now, Pay Later Helps JAB Billionaires Build Beverage Empire
#7Not paying suppliers for 300 days sounds extremely exploitative, especially since most of the suppliers are from 3rd world countries. Supporting companies that have such draconian payment contacts is immoral, there should be a push for more fair payment terms.
Exactly. From the article, "Frees up cash flow" simply means frees up funds for company use that would otherwise have been given to the suppliers. What happens when that money gets invested and returns are not made within the year pay back the suppliers? They are playing a dangerous game.
Re: Buy Now, Pay Later Helps JAB Billionaires Build Beverage Empire
#8Not paying suppliers for 300 days sounds extremely exploitative, especially since most of the suppliers are from 3rd world countries. Supporting companies that have such draconian payment contacts is immoral, there should be a push for more fair payment terms.
Exactly. From the article, "Frees up cash flow" simply means frees up funds for company use that would otherwise have been given to the suppliers. What happens when that money gets invested and returns are not made within the year pay back the suppliers? They are playing a dangerous game.
It's very clearly "heads I win, tails you lose", and I wouldn't be surprised if the individual contracts were structured to leave no liability to JAB Holding in case they decide to default.
Re: Buy Now, Pay Later Helps JAB Billionaires Build Beverage Empire
#9What I love about these stories is the demonstration of how absurdly rich (as a civilization) we have become. Things that in no way, shape or form are needed for bare survival account for, i don't know, 95% of our expenses? We've always been pretty profligate, but I'd say that for many centuries we did not break 50%. Does anyone have hard data?
The majority of people worldwide are still eking out survival with perhaps a few indulgences that people have always had (decorative arts, celebrations, etc).
Re: Buy Now, Pay Later Helps JAB Billionaires Build Beverage Empire
#10What I love about these stories is the demonstration of how absurdly rich (as a civilization) we have become. Things that in no way, shape or form are needed for bare survival account for, i don't know, 95% of our expenses? We've always been pretty profligate, but I'd say that for many centuries we did not break 50%. Does anyone have hard data?
Yet somehow a large fraction of our population still has to spend a large fraction of their time struggling to secure food and shelter for themselves.