Food And Drink Payment Trends: 2020 vs 2021
Food and Drink Payment Practices: Minor Improvement Seen in 2021 (48.4/100 vs 46.7/100)
The Comparison
- 2020: 130 food and drink companies assessed achieved an average payment score of 46.7 out of 100.
- 2021: 141 companies were assessed, resulting in an average score of 48.4 out of 100.
What This Means
While the average payment score for the food and drink sector improved in 2021, the increase of 1.7 points represents only a marginal shift in payment performance year-on-year. This small uptick suggests that payment practices within the sector remained largely consistent despite potential disruptions caused by external factors like supply chain issues and changing consumer habits. Companies dealing with late payments can use a late payment calculator to assess their impact.
One-line summary: In 2021, 141 food and drink companies averaged a payment score of 48.4/100, a slight improvement from 2020's score of 46.7/100 across 130 companies.
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