For the US, these headline results almost wiped out the gains achieved in the previous year. By contrast, Europe reported significantly improved WC performance after a stable outcome the year before.
In the US, 58% of the companies included in our research reported a deterioration in WC performance, while 59% of those based in Europe achieved improved results. Each sub-region and country in Europe except the UK posted lower C2C in 2012 than in 2011.
Companies in other regions and countries scored poorly last year, with overall C2C increasing by 3% (and by 4% excluding the oil and gas and metals and mining industries).
Interestingly, SMEs fared better in 2012 than larger companies in the US, further narrowing the WC gap between the two segments.
For more information, see the attached report.
