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{
    "id": 935806,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/935806/?format=api",
    "text_counter": 571,
    "type": "speech",
    "speaker_name": "Roysambu, JP",
    "speaker_title": "Hon. Isaac Ndirangu",
    "speaker": {
        "id": 2701,
        "legal_name": "Isaac Waihenya Ndirangu",
        "slug": "isaac-waihenya-ndirangu"
    },
    "content": "In addition to delayed payments, suppliers have faced unilateral termination of their supply contracts by powerful buyers when they demand for payments owed to them for goods supplied. Of course, the suppliers, especially the Small and Medium Enterprises (SMEs) have been exposed to huge debt portfolio due to late payment or non-payment. In some instances, the combination of non-payment and huge debts has led to the termination of the contracts and even closure of the SMEs. Further, the conduct by buyers that has made the operational environment more difficult for suppliers includes the transfer of costs and risks that should otherwise be borne by the buyers or suppliers. Demands for preferential terms unfavourable to suppliers are reducing prices below competitive levels."
}