Distribution And Delivery Payment Trends: 2023 vs 2024
Distribution & Delivery Payment Practices: Marginal Improvement of 0.9 Points in 2024
The Comparison
- 2023: A study of 271 companies in the distribution and delivery sector revealed an average payment practices score of 60.0 out of 100.
- 2024: A similar analysis of 266 companies showed a slight increase in the average payment practices score, reaching 60.9 out of 100.
What This Means
The data reveals a minor, almost negligible, improvement in payment practices within the distribution and delivery sector between 2023 and 2024. While any positive movement is welcomed, the 0.9-point increase suggests that significant systemic changes in payment behaviours are yet to occur. Businesses struggling with late payments can use tools such as this late payment calculator to assess the impact on their cash flow.
One-line summary: Payment practices in Distribution and Delivery saw a marginal improvement, rising from 60.0 (271 companies) in 2023 to 60.9 (266 companies) in 2024.