The B2B Pay Delay – COVID-19’s Impact
Every year Atradius releases a Payment Practices Barometer survey which shows the international behaviours for payment practices in countries around the world. This year’s findings, released in early July, show the impact thus far of the COVID-19 pandemic. Though it will take time to determine the full impact of the pandemic on the Canadian economy the survey’s initial findings show “Canadian GDP contracting in the first half of 2020” and a rise in “the value of B2B sales made on credit” compared to last year. However, the majority of businesses in the country are expecting sales and profits to grow. On this episode of the TradeSecurely Podcast Chris Short the Country Manager for Atradius Canada provides a breakdown of the findings and an overview of how the Canadian economy has faired since July.
Check out the podcast here: https://receivablesinsurancecanada.com/podcast/episode-20-the-b2b-pay-delay-covid-19s-impact/