Based on a survey among companies in the Asia-Pacific region, around 47 percent of respondents reported that the cause of payment delays in 2020 was customers' financial difficulties. The second leading cause of payment delays, according to around 22 percent of respondents, was customers' management problems.
Leading reasons for payment delays in the Asia-Pacific region in 2020
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Coface S.A.. (July 5, 2021). Leading reasons for payment delays in the Asia-Pacific region in 2020 [Graph]. In Statista. Retrieved May 15, 2024, from https://www.statista.com/statistics/1253732/apac-top-reasons-of-payment-delays/
Coface S.A.. "Leading reasons for payment delays in the Asia-Pacific region in 2020." Chart. July 5, 2021. Statista. Accessed May 15, 2024. https://www.statista.com/statistics/1253732/apac-top-reasons-of-payment-delays/
Coface S.A.. (2021). Leading reasons for payment delays in the Asia-Pacific region in 2020. Statista. Statista Inc.. Accessed: May 15, 2024. https://www.statista.com/statistics/1253732/apac-top-reasons-of-payment-delays/
Coface S.A.. "Leading Reasons for Payment Delays in The Asia-pacific Region in 2020." Statista, Statista Inc., 5 Jul 2021, https://www.statista.com/statistics/1253732/apac-top-reasons-of-payment-delays/
Coface S.A., Leading reasons for payment delays in the Asia-Pacific region in 2020 Statista, https://www.statista.com/statistics/1253732/apac-top-reasons-of-payment-delays/ (last visited May 15, 2024)
Leading reasons for payment delays in the Asia-Pacific region in 2020 [Graph], Coface S.A., July 5, 2021. [Online]. Available: https://www.statista.com/statistics/1253732/apac-top-reasons-of-payment-delays/