While the 2.7-point increase suggests a positive direction in supply chain payment practices, the change is relatively small. This indicates that significant challenges related to payment efficiency and timeliness persist, despite incremental improvements year-over-year. Companies struggling with late payments can use a late payment calculator to assess the financial impact.
One-line summary: Supply chain payment practices improved slightly, increasing from an average score of 54.7 (67 companies) in 2021 to 57.4 (68 companies) in 2022.