EPR 2020 Covid-19 White Paper
Europe’s lockdowns have put businesses under pressure. A slowing economic growth reduces demand, supply chains are disrupted and the pandemic has placed an even greater pressure on European businesses to safeguard their liquidity.
We have conducted a survey of 9,980 companies across 29 European countries to reveal the impact of the Covid-19 crisis on business outlook and payment behaviour.
Key findings:
- Recession is the top challenge for companies during Covid-19: up from 26% pre-crisis to 44% during crisis say recession has severe impact on their business.
- A majority of companies say late payments threaten their survival during the Covid-19 crisis. SMEs are particularly vulnerable.
- Half of European companies seek initiatives to prevent late payments from corporations and new legislations.