B2B payment practices trends, Turkiye 2024
Atradius· 2024-06-07 00:12
Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - B2B trading on credit remains vital in Türkiye, with an average of 49% of total B2B sales transacted on credit, varying by sector [7] - Nearly 60% of businesses report no significant change in payment policies over the past year, with an average payment term of 54 days from invoicing [7] - Late payments affect an average of 43% of all B2B sales on credit, with bad debts standing at 5% [7] - A significant 69% of companies expect a surge in demand for their products and services in the coming year, particularly in the chemicals industry [14] - Concerns about the domestic economy, customer acquisition challenges, and geopolitical tensions are prevalent among businesses [14] Summary by Sections B2B Payment Practices Trends - Trading on credit is crucial, with 49% of B2B sales on credit; 55% in chemicals and 41% in agri-food sectors [7] - Average payment term is 54 days, with the agri-food sector offering the most lenient terms [7] - Late payments affect 43% of B2B sales on credit, with bad debts at 5%; cash flow issues are the main reason for late payments [7] Future Outlook - 69% of companies anticipate increased demand, while only 44% expect profit growth [14] - 47% of businesses expect stable payment practices, with mixed views on Days-Sales-Outstanding (DSO) [14] - Major concerns include economic conditions (42%), human resources limitations (37%), and customer acquisition challenges (30%) [15]
Annual FARSIG symposium
ACCA· 2024-06-07 00:02
THE FUTURE OF FINANCIAL REPORTING 2024: PRIVATE COMPANIES’ AND SMEs’ REPORTING – FUTURE TRENDS AND CHALLENGES A discussion paper based on the British Accounting and Finance Association (BAFA), Financial Accounting & Reporting Special Interest Group (FARSIG) Virtual Symposium, 12 January 2024. About ACCA We are ACCA (the Association of Chartered Certified Accountants), a globally recognised professional accountancy body providing qualifications and advancing standards in accountancy worldwide. Founded in 190 ...
Malaysia 100 2024
Brand Finance· 2024-06-06 00:42
Industry Investment Rating - The report highlights the strong performance of the Malaysian food and insurance sectors, with food brands recording a combined brand value growth of 15% to USD1.6 billion and insurance brands seeing a 73% increase to USD990 million [18][19] - PETRONAS remains the most valuable Malaysian brand for the 14th consecutive year, with a brand value increase of 15% to USD14.6 billion [22][23] - Malaysia Airports recorded the largest brand value growth of 53% to USD101 million, driven by recovery in commercial and retail contributions [30][31] Core Report Insights - The Malaysian food and insurance sectors are experiencing growth despite global economic uncertainties, supported by government initiatives and strategic brand positioning [19] - PETRONAS leads in sustainability perceptions, with the highest Sustainability Perceptions Value of USD1.3 billion and a positive gap value of USD87 million, indicating strong sustainability performance [34][35] - Dutch Lady Milk emerged as the strongest Malaysian brand in 2024, with a Brand Strength Index (BSI) score increase of 8.1 points to 88.2, driven by initiatives like the School Milk Programme [26][27] Sector Analysis Banking - The banking sector remains the second-largest contributor to brand value in Malaysia, accounting for 19% of total brand value, despite a 17% decline in combined brand value to USD9.7 billion [39] - Maybank, CIMB, and Public Bank are the top three banking brands, with Maybank maintaining its AAA brand strength rating despite a 14% decline in brand value to USD3.4 billion [40][41] - RHB Bank increased its green loans target to RM23.8 billion, exceeding its initial goal of RM20 billion by 2026, reflecting the sector's focus on sustainability [43] Telecoms - The telecoms sector saw a 2.2% increase in combined brand value to USD5 billion, with CelcomDigi emerging as the most valuable telecoms brand at USD1.4 billion [45][46] - Maxis recorded a 10% increase in brand value to USD1.3 billion, supported by its 5G-Advanced technology trial and customer engagement campaigns [48] - Unifi, a new entrant, became Malaysia's strongest telecoms brand with a BSI score of 85.2 and a AAA brand strength rating, driven by its customer-centric campaigns [49] Brand Value Rankings - The top 10 most valuable Malaysian brands include PETRONAS (USD14.6 billion), Genting (USD3.5 billion), and Maybank (USD3.4 billion) [52] - Notable newcomers in the rankings include CelcomDigi (USD1.4 billion) and Mr D.I.Y (USD537 million), with Mr D.I.Y achieving a AAA brand strength rating in its first appearance [52][29] - Malaysia Airports and MISC recorded significant brand value growth, with increases of 53% and 49% respectively, driven by strategic partnerships and sustainability initiatives [30][32]
Tyres 25 2024
Brand Finance· 2024-06-06 00:42
Tyres 25 2024 The annual report on the most valuable and strongest Tyre brands June 2024 Contents About Brand Finance 3 Foreword 4 ...
Türkiye 125 2024
Brand Finance· 2024-06-06 00:42
Investment Rating - The report provides an analysis of the top 125 valuable Turkish brands, indicating a focus on brand valuation and market positioning [15][30]. Core Insights - Turkish Airlines remains the most valuable brand in Turkey with a brand value of $1.985 billion, followed by Arcelik at $1.265 billion and Vestel at $917 million [30][46]. - The total brand value of the top 125 brands is $14.7 billion, which is lower than the previous year's total for 100 brands, indicating a decline over the last four years [30][35]. - The report highlights the emergence of new brands, including Yeni Rakı and TOGG, which entered the list at 20th place despite their short history [29][30]. Summary by Sections Brand Value Ranking - The ranking of the top 125 Turkish brands has increased from 100 brands, reflecting a growing interest in brand valuation within the capital markets [15][30]. - The report notes that Turkish brands are compared in a global context, allowing for insights into their competitive positioning [19][30]. Brand Value Changes - The report indicates that the brand value of Turkish Airlines decreased by 2% from the previous year, while Arcelik's value dropped by 16% [46]. - Notable increases in brand value were observed for İşbank (+17%), Ford Otosan (+50%), and Yapı Kredi (+23%) [46]. Sector Analysis - The banking sector holds the largest share of brand value at $4.401 billion, accounting for 30.1% of the total brand value of the top 125 brands [45]. - The durable consumer goods sector follows with a brand value of $2.195 billion, representing 15% of the total [45]. New Entrants and Trends - The report mentions that 23 new brands have been added to the ranking, indicating a dynamic market environment [30]. - The analysis emphasizes the importance of brand strength in driving customer loyalty and market differentiation [12][13].
Why the US dollar is likely to stay 'stronger for longer'
Goldman Sachs· 2024-06-05 16:00
Economic Outlook - The US dollar has maintained a strong position in the first five months of 2024, supported by a robust US economy despite high interest rates[5] - Goldman Sachs forecasts that the dollar will remain at similar levels against currencies like the euro and British pound over the next 12 months[50] - The US economy is projected to continue solid growth, with a two-quarter annualized real GDP growth rate of around 5%[51] Market Dynamics - Limited prospects for global macroeconomic divergence are expected to support the dollar's strength[14] - The convergence of economic activity in the US, Europe, and China has kept major currencies, including the dollar, within a tight trading range[8] - The Federal Reserve's potential rate cuts in the next year are not expected to significantly diminish the yield on dollar bonds[5] Risk Factors - The upcoming US election poses a risk that could lead to increased fiscal spending or higher tariffs, potentially strengthening the dollar further[22] - Divergence in real interest rates, particularly between the US and Japan, may lead to continued weakness in the yen, impacting dollar dynamics[19] - A divided government may limit the ability to pass significant fiscal measures, affecting dollar strength and global economic stability[57]
Freight Logistics Decarbonization Whitepaper: LEAD the green wave, bring the DEEP impact
罗兰贝格· 2024-06-05 00:52
2024 Freight Logistics Decarbonization Whitepaper: LEAD the green wave, bring the DEEP impact Executive Summary: logistics nodes should not be limited to en- are the necessary path to achieving green ergy transformation or renovation of a sin- and low-carbon goals. Green Freight Logistics, Intelligence-Crafted Future gle piece of equipment, but requires overall Node decarbonization will be continuously planning, systematic implementation, and iterative and interconnected, moving gradual achievement of goals ...
Localizing the global semiconductor value chain
理特咨询· 2024-06-05 00:52
2024 L O C A L I Z I N G T H E G L O B A L S E M I C O N D U C T O R VA L U E C H A I N Strategizing for growth while building resilience in the rapidly evolving industry C O N T E N T EXECUTIVE SUMMARY 3 1. EMPOWERING ICT: THE CRUCIAL ROLE OF SEMICONDUCTORS 4 2. DECODING TODAY’S SEMICONDUCTOR VALUE CHAIN 6 3. TURBULENCE IN SEMICONDUCTOR INDUSTRY: RECENT EVENTS 10 ...
B2B payment practices trends, Poland 2024
Atradius· 2024-06-05 00:17
Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The survey indicates a stable trading landscape in Poland, with strong credit risk management being crucial for businesses [7][15] - 63% of companies anticipate a surge in demand for their products and services in the coming year, particularly in the consumer durables sector [15] - There is a mixed outlook regarding profitability, with only 33% of businesses expecting an increase in profits [15] Summary by Sections B2B Payment Practices Trends - 47% of B2B sales in Poland are transacted on credit, consistent with the previous year [7] - The energy-fuels sector shows the highest inclination towards credit sales at 55%, while consumer durables are at around 40% [7] - Payment terms remain stable, with an average of 50 days from invoicing, and 60% of companies report no significant changes in payment policies [7] - Late payments affect 45% of all B2B sales on credit, with an average collection period of 36 days past due [7] - Bad debts written off as uncollectable stand at 6% of all sales, showing no significant change from last year [7] Looking Ahead - 63% of businesses expect a surge in demand, with optimism particularly in the consumer durables sector [15] - Only 33% anticipate an increase in profitability, with concerns prevalent in the energy-fuel industry [15] - 60% of companies expect no significant change in B2B customer payment behavior, although the energy-fuel sector expresses more negativity [15] - Concerns about geopolitical tensions and market saturation are prevalent, especially in the energy-fuel and construction sectors [15][18]
How to Address Children’s Online Safety in the United States
ITIF· 2024-06-04 01:37
Investment Rating - The report does not explicitly provide an investment rating for the industry discussed. Core Insights - Protecting children from online harms requires a balance between safety, free speech, user privacy, and parental rights, with a collaborative approach involving government, parents, and online services [1][2] - Current proposals often overburden parents and businesses or infringe on user rights, indicating a need for more effective regulatory frameworks [1][2] - The report emphasizes the importance of updating existing legislation to reflect technological advancements and the unique challenges posed by the digital landscape [5][6] Summary by Sections Key Takeaways - The debate on children's online safety predates the Internet, with many harms being similar to those in the physical world [1] - Existing federal laws protect children from sexual exploitation and privacy violations, while states have enacted specific online service requirements [1][2] Existing Legislation - Federal laws like the Children's Online Privacy Protection Act (COPPA) and various state laws address children's online safety, including age verification and design codes [17][21][22] Recommendations - The report outlines ten recommendations for the federal government, including updating COPPA, creating a national digital ID framework, and increasing funding for child safety initiatives [5][6][7] Protecting Children from Harmful Content - The report discusses the historical context of media regulation and the need for age-appropriate design in online services to protect children from harmful content [53][54][56]