The hardware sector demonstrated a negligible improvement in payment performance between 2020 and 2021, suggesting persistent challenges in streamlining financial processes and ensuring timely payments across the supply chain. While the increase of 0.4 points is positive, it is statistically insignificant, indicating that underlying issues contributing to payment delays remain largely unaddressed. Businesses struggling with delayed payments can use a late payment calculator to assess the financial impact and consider strategies for improvement.
One-line summary: Payment practices in hardware improved marginally, moving from an average score of 67.9 (31 companies) in 2020 to 68.3 (42 companies) in 2021.