Press release

lol竞猜(中国)联赛赛事官网 Payment Practices Barometer poll in the USMCA took the pulse of business health through the key performance indicators of credit management in the year following the outbreak of the pandemic.

Differences in how governments have managed the pandemic may be behind contrasting results in this year’s Payment Practices Barometer survey. 81% of businesses in Mexico anticipate growth over the coming year. In Canada, however, this percentage plummets to just 36%. Businesses in the U.S. reported a sentiment that falls about halfway between these two extremes.

There will be a wealth of reasons behind this dichotomy. While the cohort of interviewees may well play a part, it is likely that businesses in each country worked through differing pandemic experiences. In Mexico, a light touch governmental approach to lockdowns meant that many businesses continued to trade without interruption. In Canada, the reverse is true.

Gordon Cessford
Gordon Cessford
Regional Director for lol竞猜(中国)联赛赛事官网 North America

What’s more, Canada’s central government implemented a raft of support measures for businesses. In Mexico, most business support was driven by local projects and implementation was patchy across different regions. Andreas Tesch, Chief Market Officer for lol竞猜(中国)联赛赛事官网 noted the impact that differing government fiscal policies may have played.

Businesses in Canada and the U.S. may be bracing themselves for the withdrawal of government support packages during the second half of this year. Most financial observers predict an uptick in business insolvencies at this point. The pessimism expressed by businesses in Canada is likely to reflect their anticipation of a heightened risk environment.

Andreas Tesch
Andreas Tesch
Chief Market Officer lol竞猜(中国)联赛赛事官网 N.V.

This survey was conducted in Q2 2021, a full year after the World Health Organization declared Covid-19 a global pandemic. In addition to capturing views reflecting business confidence, the survey took the pulse of business health through the key performance indicators of trade credit preferences, payment terms, DSO and credit management.

In the USMCA region, the survey revealed that more than half of all B2B sales were transacted on credit and 44% of businesses actually increased their use of credit following the outbreak of the pandemic. In terms of the three countries comprising the USMCA region, the U.S. reported the highest percentage of late payments and write-offs. Despite the optimism expressed by businesses in Mexico, the pandemic tops the list of business concerns across the region. In particular, businesses cited the unpredictability of the pandemic alongside safeguarding liquidity levels as their top two concerns.

The USMCA 2021 lol竞猜(中国)联赛赛事官网 Payment Practices Barometer was conducted in the U.S., Mexico and Canada. The reports can be downloaded from the Publications section .

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