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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.
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.
Due to increased costs of managing accounts receivable and a spike in late payments, most of the businesses in the United Arab Emirates are concerned about cash flow levels going forward.
One year into the pandemic, businesses polled in Asia told us they experienced serious setbacks to growth and needed to take several measures to face the changed economic and trade circumstances.