From 1 July 2021, BHP will implement seven-day payment terms for all small, local and indigenous businesses across its global operations.
The change will benefit approximately 4000 supply partners across 31 countries, including the key operating regions of Australia, Chile, the United States, Canada, Mexico, and Trinidad and Tobago.
Each year, BHP spend approximately US$2.5 billion with small, local and indigenous businesses, which provide a diverse range of goods and services to BHP’s global operations.
The move follows positive feedback on quicker payment terms implemented by BHP for several months last year as a temporary COVID-19 support measure.
For more detail, visit the Supplying to BHP page on the BHP website.
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