Impacts of COVID 19 on the North American Trade Credit Markets
Trade credit insurance plays a critical role in global trade finance and managing working capital. COVID-19 has disrupted this role. The first impact of this pandemic on trade credit’s macro landscape came via an increase of payment extensions leading to increased claims. Industry sectors including manufacturing and auto, chemical, pharmaceuticals, food and beverage, and communications, media and technology have all felt the impact of COVID-19 on their liquidity and risk outlooks to varying degrees.
Watch the replay to learn how trade credit insurance addresses the risks associated with COVID-19 in the current environment as well as going forward.