The pandemic's impact on payment terms
![CAPS Infographic - The pandemic's impact on payment terms](/media/3231/042921-payment-terms.jpg?anchor=center&mode=crop&width=1200&height=630&rnd=132640369920000000)
With the onset of the pandemic last year, supply chains struggled to deliver, but payment terms were also affected. Of the supply managers we surveyed, 31% increased their payment terms last year. While 66% paid within 45 days in Q1, by the third quarter of the year, the number dropped to 57%, shifting toward longer 60- and 90-day terms.
CAPS members can read Pandemic Impact on Payment Terms in the CAPS Library now.
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increase the comparative breakouts only they receive.