Covid-19: firm’s liquidity needs at record levels, payment delays are getting longer
According to Euler Hermes, global leader in Trade Credit Insurance, the Covid-19 crisis is leading to longer payment delays worldwide. On average, a company will have to wait 66 days in 2020 before an invoice is paid by another company. In 2021, the average payment delay will even increase to 68 days. Firm’s liquidity needs will rise to a record high of USD8 trillion.