As a consequence of late payment by B2B customers, 45% of suppliers surveyed in India reported they had to take specific measures to correct cash flow.
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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.