North American firms face hidden liquidity strain despite steady payments

The 2026 Atradius Payment Practices Barometer reveals a disconnect between current performance and future outlook. Although 43% of B2B sales are conducted on credit, firms are increasingly wary of the landscape. Overdue invoices now account for 23% of receivables, a figure that continues to strain working capital across the United States, Canada, and Mexico.

Silvia Ungaro, Senior Advisor on B2B Payment Trends at Atradius, notes that while payment performance appears contained, confidence is eroding. Many companies are simply managing through immediate financial pressure rather than finding a path to growth. This sentiment is echoed by Gordon Cessford, President and Regional Director for Atradius North America, who points to a higher-cost environment exacerbated by elevated borrowing rates and geopolitical uncertainty.

Looking toward the coming year, macroeconomic instability remains the primary threat. Businesses cite the potential for an economic slowdown as their greatest concern, followed closely by persistent inflation and restrictive financing conditions. This environment forces a shift in strategy, where disciplined risk management and vigilant monitoring of customer liquidity have become essential for operational survival.