Atradius’ latest Payment Practices Barometer has reported that a rising level of insolvency risk has emerged as a major concern looking ahead for half of companies across Asia, with widespread worries it could negatively impact B2B trade on credit. India, Indonesia, Japan and Singapore are the markets most preoccupied about future insolvency risk, but worry right across Asia reflects the view outlined by Atradius economists in the latest Insolvency Outlook report, which forecasts an increase in insolvencies across Asia in 2024. Anxiety is also compounded by an already challenging credit risk environment, with late payments affecting an average of 46% of B2B credit sales and bad debts at 4% of B2B sales invoices issued by Asian companies. To read Atradius’ news release, go to https://group.atradius.com/press/press-releases/asia-expects-insolvency-rise-as-china-economy-slows.html.