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50% of all Asia B2B credit sales are overdue - Seite 2

Eric den Boogert, Atradius Managing Director for Asia, adds: "The overall optimistic business sentiment and anticipation of increased use of trade credit show a strong business confidence in the ability of most governments to minimise the impact of the  pandemic crisis on the economy. Having said that, we don't expect the overdue trends to recover quickly and respondents' concerns about further deterioration of DSO remain valid. Businesses' credit management processes will be put to the test, and those companies that adopt a holistic and flexible credit management approach will be best positioned to navigate through this uncertain period."

The 2021 Atradius Payment Practices Barometer for Asia was conducted in Q2 2021, a full year after the World Health Organisation declared COVID-19 a global pandemic.  Markets surveyed were mainland China, Hong Kong, Indonesia, Singapore, Taiwan, and the United Arab Emirates. The reports can be downloaded from the Atradius website at https://group.atradius.com (Publications section).

About Atradius

Atradius is a global provider of credit insurance, surety and collection services, with a strategic presence in over 50 countries. The credit insurance, bond and collection products offered by Atradius protect companies around the world against the default risks associated with selling goods and services on credit. Atradius is a member of Grupo Catalana Occidente (GCO.MC), one of the largest insurers in Spain and one of the largest credit insurers in the world. You can find more information online at https://group.atradius.com

For further information

Head Office Christine Gerryn Director of Group Communication & Commercial Development Phone.: [phone] E-mail: [e-mail] https://group.atradius.com

Asia Pacific Sylvia Wong Regional Marketing Manager Asia Phone: [phone] E-mail: [e-mail]  https://atradius.com.hk/

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