BALTIMORE, June 28, 2018 /PRNewswire/ --

90% of suppliers report late payment of invoices; payment duration rising  

The latest results of annual B2B payment practices survey conducted by global credit insurer Atradius show an increasing level of deterioration in payment practices in the Americas.

• Average payment duration increased from 61 days in 2017 to 63 days in 2018.
• On average, 90.3% of respondents frequently experience late payments (the average is highest in Mexico (94.4%) and the U.S. (90.9%).
• On average 50% of invoices are unpaid by the due date.

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David Huey, Atradius President and Regional Director of U.S., Canada and Mexico stated, "It is interesting that in a healthy, growing economy, bad debt continues to plague the B2B markets. To think that 51% of respondents have had a customer suffer bankruptcy or simply close their doors is eye opening. Any business that provides customer credit, domestically or internationally, will benefit from the data reported in the Payment Practices Barometer."

The average proportion of uncollectable B2B receivables in the Americas declined, though slightly, from 2.1% in 2017 to 1.8% this year. At 2.5%, Brazil is the country with the highest percentage of uncollectable receivables in 2018, mainly because customers filed bankrupty as reported by 54.7% of respondents in Brazil.

The level of intra-regional exports seems to be stable, particularly among the NAFTA countries. This, despite the threat of a protectionist turn by the U.S. and pending the revision of the free trade agreement. Nearly half of the suppliers interviewed in NAFTA countries say that more than 50% of their commercial activities occur within the region, with 16.5% trading exclusively within the current free trade area. Trade with the U.S. either increased or remained stable for 81.5% of the suppliers interviewed in Mexico. In Canada the positive trade picture is even more pronounced with total of 90.3% maintaining the same or better trade levels with the US.

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

Connect with Atradius on Social Media  

Twitter: https://twitter.com/atradius

YouTube: https://www.youtube.com/user/atradiusgroup

LinkedIn: https://www.linkedin.com/company/atradius

SOURCE Atradius