Energy costs fueling the crisis in Europe remain a critical concern for businesses around the world, according to Taulia.

San Francisco (USA) 1/11/2023 –

More than a third (35%) of companies say the high cost of energy is their biggest concern as the effects of high inflation affect the entire world, according to research data from Working Capital Solutions. Tolya.

The survey, conducted among more than 500 senior financial decision-makers at major companies in the US, UK, Singapore and Germany, found that while high energy costs are most pronounced in Europe, they remain an important concern across all regions. Two in five companies in the UK (41%) and Germany (39%) say energy costs are the inflationary pressures that have had the biggest impact on their business, although nearly a third (31%) of people make the decision in the US Just over a quarter (27%) in Singapore agreed with the statement.

The survey showed that four out of five (83%) respondents are concerned about the effects of inflation on their business, citing the cost of raw materials (29%), increased suppliers (28%) and labor costs. (26%) as a major concern.

Concerns about inflation are most evident in the United States, where more than nine in 10 (93%) financial decision makers said the impact of inflation on their business was uncomfortable. The sentiment resonates globally, with nine in 10 (87%) in the UK and more than four in five (83%) in Singapore agreeing.

Cedric Bru, CEO of Taulia, commented: “While higher energy prices are most visible in Europe, they are a major inflationary concern for businesses everywhere. The risk that higher energy prices will affect the cost of production and doing business is real and present in markets around the world. In order to mitigate the consequences of rising prices and avoid supply chain stagnation, it is up to the leadership to ensure that they have the financial facilities that allow them to mitigate this prolonged period of disruption and keep the lights on until the calm is restored.”

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Note to editors:

A survey conducted by Opinium of 550 financial decision makers in the UK, US, Germany and Singapore at companies with annual revenues over $750 million between 10-24 October 2022.

About Taulia

Taulia is a financial technology provider of working capital management solutions based in San Francisco, California (USA). Taulia helps companies access the value associated with their accounts payable, accounts receivable, and inventory. A network of more than 2 million businesses uses the Taulia platform to schedule payments and receive payments. Taulia enables its clients to implement working capital strategies, support their suppliers with upfront payments and contribute to the creation of sustainable supply chains. Taulia handles more than $500 billion annually and is trusted by the world’s largest companies, including Airbus, AstraZeneca and Nissan. In March 2022, Taulia becomes part of SAP. Taulia operates as an independent company with its own brand within the SAP Group.

for more information www.taulia.com.

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