USMCA: late payments rise as pandemic recession bites

Betalingsbarometer

  • Canada,
  • Mexico,
  • Verenigde Staten
  • Landbouw,
  • Automotive/Transport,
  • Chemie/Farmacie,
  • Bouw,
  • Electronica/ICT,
  • Voeding,
  • Metaal,
  • Papier,
  • Diensten,
  • Staal

08 jul 2020

The annual survey of B2B payments behaviour in the USMCA reveals a huge rise in the total value of long overdue invoices

Introduction

The USMCA Atradius Payment Practices Barometer is an annual survey of B2B payments behaviour in the US, Mexico and Canada. This year’s poll reveals a dramatic rise in the total value of overdue invoices, including a doubling of payments that are more than 90 days  overdue.

Although the COVID-19 containment measures have negatively impacted trade across the  region and each of the USMCA countries are now in recession, business confidence among  those surveyed remains high. This is in large part due to the belief that banks will continue to provide finance and that, ultimately, sales and profits will continue to grow.

Key takeaways from the report

  • Growth in credit sales favours domestic B2B customers
  • Canada bucks trend by shortening average payment terms
  • Company standards direct payment term policies
  • Late payments up and long overdues double
  • Short-term financing and disputes are leading causes of payment delays
  • Optimism prevails with businesses predicting growth

Key survey findings for the USMCA

For further insights in the B2B payment practices in each of the economies surveyed
in the USMCA, please refer to the regional report or to the dedicated reports that form the 2020 edition of the Atradius Payment Practices Barometer for the USMCA, available for download on this website.

Available reports:

  • USMCA (regional report): huge rise in late payments as pandemic recession bites
  • Canada: growth in late payments knocks business confidence
  • Mexico: does doubling of write-offs signify deep economic stress?
  • the US: industry remains positive despite deterioration in payments behaviour

Overview of B2B payment practices in the USMCA - By industry

A detailed overview of the B2B payment practices by industry in each of the markets surveyed in the USMCA is contained in the market reports that form the 2020 edition of the Atradius Payment Practices Barometer for the USMCA.

The regional report for the USMCA covers the following selected industries:

  • Agri-food
  • Chemicals
  • ICT/electronics
  • Steel/metals
  • Paper
  • Transpoort
  • Construction materials
  • Services

All content on this page is subject to our Disclaimer, available here.

Disclaimer

De informatie in dit document wordt uitsluitend ter algemene informatie verstrekt en hieraan kunnen geen rechten worden ontleend. De toepasselijke voorwaarden zijn te vinden in de polis of de betreffende product- of dienstverleningsovereenkomst. Niets in dit document mag worden opgevat als strekkende tot enigerlei recht, verplichting, verantwoordelijkheid of advies aan de zijde van Atradius, en derhalve ook niet tot enigerlei verplichting tot het uitvoeren van due diligence op afnemers of ten behoeve van uzelf. Indien Atradius due diligence op een afnemer uitvoert, gebeurt dit ten behoeve van haar eigen acceptatiedoeleinden en niet ten behoeve van de verzekeringsnemer of enige andere persoon. Daarnaast zijn noch Atradius noch enige aan haar verbonden ondernemingen, deelnemingen of dochterondernemingen aansprakelijk voor welke directe, indirecte, speciale, incidentele of gevolgschade dan ook voortvloeiende uit het gebruik van de in dit document opgenomen informatie.