The 3.6-point increase, although positive, is a relatively small shift, suggesting that the fashion industry continues to grapple with issues impacting payment timeliness. This could reflect persistent supply chain complexities, fluctuating consumer demand, or internal operational inefficiencies impacting financial flows. Companies struggling with late payments can use a late payment calculator to estimate the potential financial impact.
Fashion payment performance moved from 59.6 (2020) to 63.2 (2021).