Retailers, including many household names, are increasingly being forced to pay cash upfront for goods, due to a significant reduction in trade credit insurance.
Billions of euro in trade is covered by trade credit insurance, but a dramatic increase in bad debts and claims has resulted in cover being slashed by insurers.
Monthly claims paid out have escalated from €2-3 million a month to €20 million a month this year, according to Atradius, one of...
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