Tesco extends its payment terms

We see that Tescos has extended its payment terms from 60 to 90 days for its FOB suppliers

What made us laugh was that a Tesco spokesman said “Tesco International Sourcing has contacted non-food suppliers to standardise payment terms to 90 days from receipt of invoice. We have an excellent record of paying on time and suppliers tell us that certainty of payment is what is important to them."

Do you think he thought that statement even the slightest bit ironic? 

As a softy toy wholesaler we do not deal with the supermarkets exactly for this sort of reason. I wonder if there may be some more suppliers taking the same decision next year!