Distribution And Delivery Payment Trends: 2021 vs 2022
Distribution and Delivery Payment Performance: Marginal Improvement Observed, 58.9 to 59.7
The Comparison
- 2021: A study of 294 companies in the distribution and delivery sector revealed an average payment performance score of 58.9 out of 100.
- 2022: A smaller sample of 263 companies recorded a slightly improved average score of 59.7 out of 100.
- Change: Overall, the sector demonstrated a minor improvement of 0.9 points.
What This Means
The data indicates a very slight positive shift in payment performance within the distribution and delivery industry from 2021 to 2022, but the improvement is not statistically significant enough to suggest a dramatic change in underlying payment behaviours. The reduced sample size in 2022 must also be considered when interpreting these results. Businesses struggling with slow payments can use a late payment calculator to understand the potential financial impact.
One-line summary: A modest improvement in payment performance was seen, with average scores rising from 58.9 (2021) to 59.7 (2022).
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