This CFO Innovation survey, sponsored by Atradius, analyses how companies are dealing with trade issues after the crisis and what lasting impact it has had on their business.
- On the face of it, late payments or outright defaults appear to be a manageable problem in Asia.
- But a large majority of respondents say their company has been experiencing delayed payments.
- Little wonder that many companies remain worried despite the apparent end of the global financial crisis.
- To protect themselves, enterprises in Asia are reducing their exposure to customers they judge to be less creditworthy.
- The low usage of trade credit insurance may be due to limited knowledge about this product.
- Going forward, companies in Asia will focus on requiring advance payment to mitigate payment risk.