Summary
This document is the 2023 Supplier Survey conducted by Taulia, which investigates supplier behaviors regarding payment practices. The survey received over 9,600 responses from suppliers worldwide, highlighting significant trends in payment timeliness and the impact of economic conditions on supplier cash flow. Key findings indicate that 50% of suppliers reported experiencing late payments, the highest rate since the survey's inception in 2014. The document outlines that while the use of early payments is increasing, with 59% of suppliers interested in accessing them, the percentage of suppliers receiving early payments has declined to 3%. The survey also emphasizes the ongoing challenges suppliers face due to inflation and supply chain disruptions, which have influenced their financial strategies. Additionally, it details suppliers' experiences with Taulia's platform, noting a generally positive reception. The conclusion reiterates the critical role of early payment solutions in supporting suppliers amid rising late payments and economic uncertainty.
