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Amid a severe challenge to maintain cashflow there was an 85% increase in the number of Taiwan companies who took significantly longer to collect overdue payments.
An increasing number of companies polled in China (+22%) have reported facing cash flow challenges due to poorer payment practices of their B2B customers.
70% of Asian companies polled anticipate a demand surge in the coming months, while showing a strong commitment to address payment challenges arising from business-to-business (B2B) trade.
MENA’s enormous trade potential is bolstered by a proactive trade shift towards fast-growing regions like Asia. This move is accompanied by a geopolitical reorientation in the same direction.
Structural trade weaknesses could prevent Latin American & Caribbean from seizing the opportunities of nearshoring, but focusing on the energy transition could be key to unlocking full potential.
The heightened payment risk is prompting businesses polled in the United States to implement a more stringent trade credit policy for B2B transactions.