Atradius, a credit insurance company with a presence in 50 countries, has conducted a survey highlighting growing concerns over the increase in corporate insolvencies in Asia during 2024. Among the main causes are the slowdown of the Chinese economy and challenges arising from restrictive credit conditions, which risk negatively impacting B2B credit trade.
The survey, titled “Atradius payment practices barometer – Focus: Asia,” involved companies from China, Hong Kong, India, Indonesia, Japan, Singapore, Taiwan, and Vietnam. Businesses in India, Indonesia, Japan, and Singapore are the most concerned about the rise in insolvencies.
In this economic environment, protecting business profitability requires effective credit risk management and particular attention to the impact on supply chains.
