Global Trade Trend Activity Rises Sharply as Recovery Builds Momentum

▤ Summary

Tradeshift’s analysis of digitized invoicing and ordering data suggests a particularly strong end to the year in the US, where the number of transactions between buyers and suppliers jumped 29% in Q4, double the rate of growth seen globally during the period. The latest data also shows strong order books among buyers in almost every region, suggesting news of a vaccine roll-out in December prompted organizations to press ahead with purchasing decisions which may have previously been delayed or cancelled. Conditions are certainly improving, but supply chains are bearing the scars from such a prolonged period of volatility.” Lack of supplier liquidity was a key theme throughout 2020, and the most recent data suggests this will remain a significant challenge going into 2021. According to a report by Frost & Sullivan, the amount of long overdue invoices (still unpaid after 90 days past their due date), rose to 16% of the total in 2020, up from 10% the previous year. Technology can help to address this challenge, unlocking faster, more predictable cash flow, better access for diverse suppliers and increased optionality in the event of disruption.

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Tradeshift

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