The fashion industry has witnessed a marginal improvement in payment practices over five years. While an increase is positive, the 4.3-point rise suggests progress is slow and that substantial challenges in fair and timely payments persist for suppliers. For companies struggling with late payments, a late payment calculator can assist in calculating potential interest and compensation owed.
One-line summary: Fashion payment practices showed only minor progress, increasing from 59.6/100 in 2020 to 63.9/100 in 2025.