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Singapore food suppliers face late payments, falling revenues as more restaurants close​

Suppliers say customers are stretching payment terms from 30 days to as long as four months, putting their cash flow under strain.
Singapore food suppliers face late payments, falling revenues as more restaurants close

Natasha Chiam, founder of The Ice Cream & Cookie Co, on Sep 5, 2025. (Photo: CNA/Lim Li Ting)



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Abigail Ng
Abigail Ng
16 Sep 2025 06:00AM (Updated: 16 Sep 2025 07:43AM)
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Read a summary of this article on FAST.


FAST
SINGAPORE: When clients become friends, chasing them to pay for their orders can be awkward. But with more delayed payments as food and beverage businesses struggle to stay afloat, suppliers say they have little choice.

“Everybody is suffering … no one is spared. Even the giants are taking a longer time to pay us,” said Mr Ken Tan, second-generation co-owner of Dessert Guru, which sells purees, syrups and bubble tea toppings to other businesses.
 
Effect of squeezing the SMEs. Once down, big coys will be down too since can't find suppliers that can cause destruction to their supply chain.
 
Natasha Chiam should consider changing her business name to The Ice Creampie to drive more sales.
 
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