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Protection from B2B trade credit risk top future concern for businesses across the USMCA region.

The optimism expressed by the businesses we spoke to in Mexico is good reason for hope.

Canadian businesses were largely downbeat when asked about their outlook for the coming 12 months, lagging far behind their USMCA peers.

Particularly during times of economic distress, which many businesses have experienced during the pandemic, trade credit can act as an important tool for business growth.

The negative impact on global trade caused by the pandemic has undoubtedly had an effect on Taiwan’s export-driven economy. This may explain why businesses express caution about the coming months.

Hong Kong businesses brace for challenges as they begin to emerge from a tough period of economic contraction.

Indonesia’s more liberal trade credit policies in the year following the outbreak of the pandemic have led to an increase in late payments.

Businesses polled in China plan to mitigate customer credit risk associated with B2B trade through a more frequent use of trade credit insurance over the next months.

Many more businesses in Singapore than in the rest of Asia expressed liquidity concerns over the coming months.

Why strategic credit management becomes paramount as Australia prepares to face an upward trend in trade credit risk.