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Late payments are a widespread issue among businesses we polled in France. Reportedly, higher use of credit insurance will help them mitigate the impact of trade credit risk on the business.
In response to deteriorating payments behaviour over the coming months, businesses polled across Belgium focus on taking steps to protect their business from the impacts of customer credit risk.
This year’s Payment Practices Barometer survey reveals that Austria is working hard to overcome the economic impacts of the pandemic. A few indicators were particularly concerning for businesses.
Although the chemicals industry contracted slightly during the pandemic recession, new opportunities are opening up, driven by shifts in customer demand and new technologies.