Intern
Joined: 04 Mar 2012
Posts: 10
Given Kudos: 0
Location: Germany
Concentration: General Management, Operations
WE:Project Management (Transportation)
LG/Nike cash flow problems
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17 Oct 2012, 14:51
Hi everyone.
I'm a 30 something male working in logistics for a major MNC.
I'm keen on taking a MBA with my logistics company and have secured Senior VP support for doing so.
However, I've learnt that 2 major customers - LG and Nike - haven't been paying us for 6+ months.
Does anyone know if either of these companies have cash flow issues? Because if they do, and they don't pay us, we're taking a multi hundred million euro hit. If that happens, it's absolutely positively certain that one of the first expenditures to go will be the MBA sponsorship - and my next career step is toast, within the next few weeks.
Does anyone have any up to date info on LG or Nike's ability to pay their bills?