Payment delays have remained largely stable and payment duration improved. Bankruptcy and failed collection attempts remain top reasons for write-offs.
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Payments in the Australian construction sector take 30-60 days on average, and the level of protracted payments and insolvencies was high in 2018.
Late payments by mainly larger companies continue to negatively affect the working capital management of many smaller businesses in all segments.
Mid-sized businesses are facing profitability issues due to higher labour costs triggered by shortage of qualified staff and increased commodity prices.
Despite increasing clouds on the horizon, there remain several bright spots for export opportunities in emerging markets.
The economic impact of USMCA on Mexican-US trade is likely to be limited, as it is effectively a small modification of the pre-existing NAFTA agreement.
Trade policy uncertainty is one of the top risks to US businesses and consumers in 2019 that may bring the next downturn on more quickly than expected.
Despite a forecast growth slowdown in 2019 the economy should still experience positive momentum, with low unemployment and manageable inflation.
Some larger players continue to push the supply chain on price and longer payment terms, adding cash flow challenges to mainly smaller food businesses.
Many food producers and processors struggle to pass on higher input prices, which is hampered by the high concentration and market power of retailers.
As the UK is a major Danish export market, a hard Brexit could trigger a significant decrease in Danish export of food and agricultural products.