The 2.2-point decrease in the average payment performance score suggests a marginal weakening in payment practices within the supply chain. While not a precipitous decline, the data indicates that companies are, on average, performing slightly worse in managing their payment obligations in 2024 compared to the previous year, suggesting a need for investigation into potential root causes. Businesses struggling to manage late payments from their supply chain partners can explore options for recovering overdue invoices using a late payment calculator.
Summary: Payment performance declined from an average score of 60.4 (55 companies) in 2023 to 58.2 (40 companies) in 2024.