USMCA: late payments rise as pandemic recession bites

Baromètre des Pratiques de Paiement

  • Canada,
  • Mexico,
  • USA
  • Agriculture,
  • Automotive/Transport,
  • Chemicals/Pharma,
  • Construction,
  • Electronics/ICT,
  • Food,
  • Metals,
  • Paper,
  • Services,
  • Steel

08 juil. 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.

Avertissement

Les informations figurant sur ce site sont uniquement fournies à titre indicatif et ne doivent pas être utilisées à d’autres fins que celles mentionnées. Nous vous remercions de bien vouloir vous reporter aux réglementations et accords en vigueur. Aucunes informations ne peuvent être considérées comme créant un droit, une obligation ou engageant la responsabilité d’Atradius y compris pour juger de la moralité d’un ou de plusieurs acheteurs. Si Atradius juge de la moralité d’un acheteur, elle le fait pour le compte de son arbitrage et en aucun cas au bénéfice de ses assurés ou toute autre personne. En aucun cas, Atradius, ses partenaires ou sociétés apparentées, agents ou employés, ne pourront être tenus responsables envers les lecteurs ou toute autre personne pour toute décision ou mesure prise sur la foi des informations contenues dans cette carte, ou pour tous dommages indirects, particuliers ou similaires, même si ces personnes ont été avisées de l’éventualité de tels préjudices.