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Companies polled said they tackled the issue with more regular reviews of customer credit behavior to spot warning signs of financial distress.

Businesses polled in China fear that a knock-on effect of payment defaults from B2B customers will trigger liquidity issues.

A wide range of protective measures to mitigate against the impact of customer payment default were used by businesses polled in the United Arab Emirates.

Our survey shows a sharp rise in bad debts written off as uncollectable, revealing a disturbing deterioration in B2B payment practices.

An alarming increase in bad debt write-offs worries companies in Hong Kong, prompting them to seek strategic credit risk management solutions.

Companies polled in India told us of the difficulty they found in collecting long unpaid trade debt.

Debts written off as uncollectable showed an alarming 50% increase in the Singapore market compared to our past survey.

Companies polled in Vietnam said they needed measures to avoid being liquidity squeezed due to the impacts of customer payment default on the business.

ICT is expected to be among the fastest growing sectors in manufacturing, driven by accelerating digitalisation and industrial automation

Lower, but still solid ICT sales and production growth

Government aims to accelerate the digital transformation

Main issues are chip shortage and inflationary pressures

Ongoing domestic sales growth, but there are downside risks

Solid ICT growth expected during the coming years

Digital transformation is a major growth driver

Robust growth continues due to high demand for chips

Smaller ICT retailers face more problems in the coming months

Profit margins of ICT businesses should increase again in 2022

ICT Sales growth maintained by businesses and public bodies

Slowdown in demand, and higher input prices