Philadelphia 76ers center Joel Embiid has undergone a visible offseason body transformation, and his new teammate LeBron James is taking notice, publicly endorsing the change as the 76ers prepare for what could be one of the most anticipated seasons in franchise history.

Photos and videos posted to social media showed Embiid working out in Sixers gear looking noticeably slimmer and more athletic than in recent seasons. James reposted one of the images to his own Instagram account, adding the caption “Trust The Process!”, a nod to the longtime nickname Embiid adopted during Philadelphia’s rebuilding era under former team executive Sam Hinkie.

A Season Riding on Embiid’s Health

The fate of the 76ers’ 2026-27 campaign is widely expected to rest heavily on Embiid’s shoulders. While Philadelphia now boasts an unusually deep collection of shot-creators, including star guard Tyrese Maxey, newly acquired forward Jaylen Brown, rising guard V.J. Edgecombe and James himself, Embiid remains the team’s essential interior presence, the player expected to hold the frontcourt together on both ends of the floor.

That makes Embiid’s health, long the central storyline of his career, more significant than ever heading into the new season. At 32 years old, Embiid has not played more than 40 games in a single season since his MVP campaign in 2022-23, and he appeared to wear down physically over the course of Philadelphia’s most recent playoff run. Injuries have persistently limited Embiid’s availability throughout his career, a pattern that has repeatedly complicated Philadelphia’s championship ambitions despite his standing as one of the league’s most talented players when healthy.

A Recurring Pattern of Offseason Transformations

This is not the first time Embiid has made headlines for reshaping his body during the offseason. Ahead of the 2024-25 season, Embiid revealed at the team’s media day that he had lost between 25 and 30 pounds over the summer, telling reporters at the time that he intended to continue losing additional weight before the start of that campaign. Embiid has previously said that motivation for such changes has stemmed directly from frustration over past playoff disappointments, including an earlier offseason program that helped him shed 20 pounds after a difficult postseason loss to the eventual champion Toronto Raptors, a stretch during which he said he felt he had let his team down.

Embiid’s more recent transformation, spotted in photos shared last September, earned him the nickname “Slimbiid” among fans and NBA commentators tracking his offseason progress at the time. The rationale behind the recurring weight-loss efforts has remained consistent: a lighter frame is expected to place less strain on Embiid’s knees, which have been a persistent source of injury trouble throughout his career, while also potentially improving his stamina and durability across the length of an 82-game regular season and subsequent playoff run.

LeBron’s Reaction Sparks Fan Speculation

James’ public endorsement of Embiid’s latest transformation comes just weeks after his own free agency decision reshaped the 76ers roster and sent shockwaves through the league. James signed with Philadelphia last month on a two-year contract after reportedly considering the Cleveland Cavaliers, Golden State Warriors and Miami Heat as alternative destinations. The move extended what has already been regarded as one of the best offseasons in franchise history, a stretch that also included Philadelphia’s acquisition of 2025-26 MVP candidate Jaylen Brown from the rival Boston Celtics.

Interestingly, James had actually used the phrase “trust the process” publicly once before, during an appearance at Fanatics Fest in mid-July, well before his free agency decision was finalized. That earlier comment sent 76ers fans into a frenzy of speculation about where James might ultimately sign, though James later clarified he had not intended the remark as any kind of hint about his future team. His decision to repeat the phrase now, in direct reference to Embiid’s physical transformation as an actual teammate, has added a layer of symbolic significance for a fan base already buzzing over the offseason additions.

A Roster Built Around a Healthy Embiid

With Embiid, Maxey, Brown, Edgecombe and James now forming one of the most talent-rich rosters in the league on paper, Philadelphia enters the coming season with championship expectations that have not surrounded the franchise in years. Analysts have noted, however, that the difference between the 76ers’ potential ceiling and their more modest floor may be among the largest of any team in the league, given how heavily the team’s outlook depends on Embiid’s ability to stay on the court through a full season and playoff run.

Should Embiid’s latest physical changes translate into improved durability, evaluators around the league have suggested Philadelphia could emerge as one of the most formidable teams heading into the 2026-27 campaign, given the sheer scope of shot-creation and star power now surrounding him. Conversely, any recurrence of the injury issues that have defined much of Embiid’s recent seasons would likely reintroduce familiar questions about whether the team’s roster investment can translate into sustained postseason success.

A Long History of Body-Composition Storylines

Embiid’s periodic offseason body transformations have become something of a recurring subplot throughout his career, dating back to an earlier stretch in which he shed roughly 20 pounds ahead of a season in which he hoped to build on an MVP-caliber campaign. Each iteration of the storyline has followed a similar arc: offseason photos circulate showing a visibly leaner Embiid, prompting optimism among fans and commentators about his prospects for staying healthy, followed by the ongoing uncertainty of whether that optimism will hold up across the grind of a full NBA season.

With training camp approaching and James now firmly established as a teammate rather than an opponent, all eyes in Philadelphia will be on whether Embiid’s latest transformation proves durable once games begin. For a 76ers team that enters the season with arguably its most talented roster in decades, Embiid’s health may ultimately determine whether Philadelphia’s offseason additions culminate in a genuine championship pursuit or simply add to the long list of near-misses that has defined the franchise’s recent history.

Operator

Thank you. Good day and thank you for standing by. Welcome to Savaria Corporation’s Q2 2026 Investor and Analyst Call. [Operator Instructions] Please be advised that today’s conference call is being recorded.

I would now like to hand the conference over to your first speaker today, Sebastien Bourassa, CEO.

Sébastien Bourassa
President, CEO & Director

Thanks, Stephanie, and good morning, everyone. So today, I will start with a small recap of our Q2 results, then Steve will update us on financials, and JP will provide an update on Savaria One, followed by a Q&A session. So again, I’m very proud of the results of Q2 as it is our highest revenue ever at $246 million, with a growth of 8.4% that is well balanced between Patient Care and Accessibility.

And we achieved an EBITDA margin of 21%, which really showed that the Savaria One success over the last few years continues to be present, and I’m very thankful to our team for all the hard work that they make those great results quarter after quarter.

So today there’s three things that I would like to highlight. First, the growth. I’m happy that we have a third good quarter in a row in terms of growth, which showed that some good initiatives that we have put in place for the next five years is starting to work. In North America, we

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Consumers’ behaviors change due to new technologies, trends, economic environment, and customer needs. Organizations unable to track these changes often experience difficulties with competitiveness, while firms capable of doing this can respond quickly and thus improve customer experience and increase revenues.

Today’s consumers expect a personalized approach, faster services, an efficient digital experience, and customized products.

Monitoring changes in consumer behaviors can help organizations to learn how customers find products, compare different offers, buy items, interact with companies, and behave after sales. In turn, this information is useful to enhance marketing initiatives, design innovative solutions, offer high-quality support, and retain customers.

What is the concept of consumer behavior?

Consumers’ behaviors are the actions, decisions, and emotional reactions of customers during each step of their purchasing journey. They include:

• How do consumers search for the required goods and services?
• What factors influence people’s choices in favor of one brand rather than another?
• Which channels are the main ones for customers?
• How do consumers react to marketing and advertising efforts?
• Why do clients stop making purchases?
• How do customers use the purchased goods or services?
• What causes them to make new orders?

Consumer behaviors involve offline and online activities. Companies examine customers’ visits to websites, social media profiles, search histories, app usage, reviews left by consumers, purchase histories, and customer service interactions to learn more about clients and their needs. Businesses often combine these insights with data collected through social listening tools to better understand customer sentiment and online engagement patterns.

Through behavioral monitoring, firms can detect changes, predict new trends, and adapt to evolving consumer needs.

Why is monitoring consumer behavior important?

Knowing customers’ behaviors allows businesses to compete successfully by providing a better customer experience, improving products, and developing effective marketing campaigns.

Improving Personalization

Nowadays, consumers require more personalized approaches. Firms use behavioral data to personalize product recommendations, marketing campaigns, emails, and other elements of their websites.

For example, streaming service providers examine video-watching behaviors of customers to come up with content recommendations. E-commerce companies use data collected about the browsing and purchasing activity of customers to recommend additional items.

Personalized customer experience increases satisfaction and boosts revenues since customers tend to purchase products that correspond to their interests and needs.

Improving Marketing Performance

Through monitoring consumers’ behaviors, organizations get to know which marketing campaigns are more successful and efficient. Businesses may understand what audiences should be addressed by particular campaigns, on what channels ads work better, what types of marketing messages catch consumers’ attention, and which factors motivate people to buy a product.

Thus, marketing specialists are able to run targeted campaigns and save resources. For instance, a company selling vacations can find out that middle-aged women living on the West Coast react well to ads offering travel packages to Hawaii. In such a case, this firm would be able to develop targeted marketing campaigns aimed at this target audience.

Effective personalization usually brings significant profit. As recent studies demonstrate, organizations using personalized marketing strategies tend to receive a much higher return on investment than companies utilizing generic campaigns.

Tip: Small businesses may rely on basic analytics or manual research to understand customer preferences and online engagement. However, as customer conversations grow across multiple channels and regions, larger organizations often turn to enterprise platforms such as Sprinklr Social Listening tool to analyze customer sentiment, monitor brand perception, identify emerging trends, and gain deeper insights into consumer behavior at scale

Key ways businesses use to monitor consumer behaviors

Firms apply different methods to track customer behaviors in the process of researching and analyzing them.

Quantitative Research

The primary purpose of quantitative research is to measure numerical indicators. Businesses examine various metrics, including:

• Number of sales
• Conversion rate
• Retention rate
• Click-through rate
• Purchase frequency
• Average purchase size

Using this method of research allows firms to spot global trends in the behavior of large audiences.

For example, a retail company may notice that mobile sales have risen by 40% over the last year. It shows consumers’ preferences for mobile purchasing processes.

Qualitative Research

The goal of qualitative research is to uncover emotions, motivations, and perceptions of consumers. Researchers conduct interviews, focus groups, open questionnaires, and user testing to understand how people act.

For example, customers could tell why difficult navigation or slow-loading pages prevent them from finishing the purchasing process. Such insights can contribute greatly to improving customer experience.

Predictive Analytics

Predictive analytics is a set of technologies used for predicting future behaviors of customers. Organizations use this tool to predict:

• Possibilities to convert leads into clients
• Chances of customers’ churn
• Product demand
• Customer lifetime value
• Clients’ response to special offers

Predictive AI systems enable businesses to take care of customer needs beforehand.

For example, a company may discover that some customers show symptoms of dissatisfaction or loss of interest. In such a situation, businesses can run a campaign aimed at retaining clients.

Customer Journey Mapping

Customer journey mapping is a technique allowing businesses to trace every interaction of customers with a firm. Such interactions may relate to:

• Ads seen by customers
• Social media interactions
• Website visits
• Contacts with customer support
• Payment process
• Interactions that occur after the purchasing process

Customer journey mapping helps firms to detect points that cause trouble for users and prevent them from completing the desired actions.

For example, a company may find out that a lot of users leave websites without buying goods because of complicated registration. To avoid losing potential customers, firms need to optimize these processes.

New AI systems for customer journey mapping analyze data coming from surveys, phone calls, client reviews, and other interactions to detect key touchpoints. Many organizations also integrate social listening tools into journey mapping strategies to identify customer concerns and trending discussions across online communities.

Cohort Analysis

In cohort analysis, clients are divided into groups based on their common traits or events and monitored for changes in behavior. Cohorts may consist of people who:

• Bought something in a certain month
• Are customers from a particular marketing campaign
• Live in certain regions
• Belong to a specific age group
• Have started subscriptions at a certain point in time

Analyzing cohorts makes it possible to see general behavioral tendencies and draw conclusions from them.

For example, an organization could find out that clients recruited via influencer marketing remain loyal for a much longer period than those obtained via paid search ads.

Cohort analysis gives businesses an understanding of how marketing campaigns affect retention rates and customer lifetime value.

Conclusion

Monitoring changes in consumer behavior has become critical for modern organizations. By discovering customers’ behaviors, businesses may be able to develop efficient marketing campaigns, invent innovative products, offer good support, and establish connections with clients.

Organizations obtain valuable data on customer behaviors from their websites, mobile apps, CRM systems, social media, interactions with customer support services, surveys, and AI-powered analytical platforms. Combining the methods of qualitative and quantitative research allows organizations to learn more about customers and their needs. The use of social listening tools further helps companies track customer opinions, industry trends, and brand reputation in real time.

Technologies, such as predictive analytics, customer journey mapping, cohort analysis, and A/B testing, help companies identify important tendencies and predict future trends.

GLASGOW, Scotland — Prince William and Catherine, the Princess of Wales, brought all three of their children to a public outing at the 2026 Commonwealth Games on Aug. 1, marking Prince George, Princess Charlotte and Prince Louis’ first official engagement in Scotland and prompting a royal biographer to describe the appearance as evidence the family has finally moved past what he called the hardest year of their lives.

The family attended the Games at Glasgow’s SEC Centre, watching a netball match between Australia and Jamaica from the stands before George, 13, Charlotte, 11, and Louis, 8, joined their parents for meet-and-greets with volunteers and athletes. According to a press officer at the Games who spoke with ABC News, the children exchanged high-fives with attendees, including the event’s official mascot. The family later moved to the velodrome to watch track cycling alongside two of Britain’s most decorated Olympic cyclists, Sir Chris Hoy and Dame Laura Kenny.

A Symbolic Family Outing

Royal biographer Robert Jobson told The Daily Mail that the appearance amounted to a snapshot of family happiness, showing that William and Catherine had come out the other side of an especially difficult period tied to the Princess of Wales’ cancer treatment. Catherine announced her cancer diagnosis in March 2024, shared in September of that year that she had completed a course of chemotherapy, and told the public in January 2025 that her cancer was in remission.

Jobson pointed specifically to a moment during the outing in which Catherine spoke with Hoy, who has been diagnosed with stage 4 prostate cancer, describing the interaction as revealing the princess’ genuine, unguarded side. He said Catherine appeared thoroughly engrossed in the conversation, a moment he suggested reflected her authentic engagement with someone navigating a serious health challenge similar in some respects to her own recent experience.

Reading the Children’s Ease as a Sign of Strong Parenting

Jobson also drew attention to the relaxed demeanor displayed by George, Charlotte and Louis throughout the outing, framing their comfort in public as a direct reflection of how their parents managed an extraordinarily difficult stretch of family life. He said the children’s ease was visible immediately, noting that George appeared comfortable navigating a crowd, that Charlotte engaged genuinely with strangers rather than out of obligation, and that Louis behaved in a way Jobson described as typical for an 8-year-old, calling that ordinariness the healthiest element of the entire scene. He said none of the children carried the wariness one might expect given the circumstances the family had recently navigated, adding that such composure was not a matter of luck but rather a direct result of how their parents handled the situation, even while one of them was seriously ill.

Jobson further described William as visibly proud during the outing, saying the prince flashed a smile throughout the appearance. Of Catherine specifically, he said there is nothing ordinary about her, adding that every room she enters seems to recognize that quality. He noted that she is now in remission, back at work, and appears to be genuinely enjoying her return to public engagements.

Part of a Broader Pattern This Summer

The Commonwealth Games appearance follows a series of public outings for the Wales family in recent weeks, including a visit to the men’s singles final at Wimbledon with George and Charlotte. While in Scotland, William and Catherine are formally known by their Scottish titles, the Duke and Duchess of Rothesay, a distinction the family maintains specifically for engagements north of the border.

Beyond the netball and cycling events, the family also visited SportsAid, an organization supporting young athletes, of which Catherine has served as patron since 2013, according to reporting from Just Jared. The Commonwealth Games, held every four years, bring together competitors representing nations and territories across the Commonwealth, with this year’s edition hosted in Glasgow.

Looking Ahead to Balmoral

With the Commonwealth Games appearance now behind them, William and Catherine are expected to travel imminently to Balmoral, the royal family’s Scottish estate, for their traditional summer stay. Former BBC royal correspondent Jennie Bond told The Mirror that the annual retreat has long served as a time for William, Catherine and the wider family to gather away from the demands of public life in London, describing Balmoral as a place built for breathing, relaxing and being still. Bond said the estate’s remoteness requires the family to create their own entertainment, something she said generations of royals have proven well equipped to do.

Bond also suggested that Catherine would likely use this year’s Balmoral stay to spend extra time with George specifically, given the major transition awaiting him this fall: George is set to begin as a full-time boarder at Eton College in September, a significant milestone in the young royal’s life that will mark his first extended time away from his immediate family.

A Tradition Passed Through Generations

Bond described the Balmoral holiday as an important family tradition, offering a rare stretch of time during which many family members can gather together away from work, cameras and public scrutiny. She said the appeal of the Scottish estate has captivated generation after generation of the royal family, suggesting its particular blend of natural beauty and isolation continues to hold special significance for the Wales family as they prepare for the coming autumn.

With George’s transition to full-time boarding school looming in September, this summer’s combination of public engagements, including the Commonwealth Games appearance, and private family time at Balmoral appears to carry particular significance for the Wales family. For a family that has spent much of the past two years navigating a highly publicized health crisis, the relaxed, visibly happy tenor of the August 1 outing has been interpreted by royal watchers as a meaningful signal of the family’s continued recovery, even as they prepare for a new chapter with their eldest child’s upcoming departure for school.

Invoice factoring is a form of business finance that lets a company sell its unpaid invoices to a specialist provider in exchange for an immediate cash advance, rather than waiting the usual 30, 60 or 90 days for customers to pay.

For UK businesses trading on credit terms, it has become one of the more widely used ways to release working capital that would otherwise sit locked in the sales ledger.

This guide explains what invoice factoring is, how the process works step by step, what it typically costs in 2026, how it differs from invoice discounting, and which businesses tend to benefit most from it.

Key takeaways

• Invoice factoring converts unpaid B2B invoices into an upfront cash advance, usually worth 80–90% of the invoice value.
• The factoring provider takes over credit control and collects payment directly from your customers, which means the arrangement is visible to them.
• Once the customer pays, the provider releases the remaining balance minus its fees.
• Costs are made up of a service fee (a percentage of turnover) and a discount charge (interest on the funds advanced).
• Eligibility is based largely on the creditworthiness of your customers, so it is often accessible to newer businesses that cannot yet secure a conventional loan.

What is invoice factoring?

Invoice factoring is a funding arrangement in which a business sells some or all of its outstanding invoices to a third party, known as a factor, and receives most of the invoice value in cash straight away. It is not a loan. Rather than borrowing against an asset, the business is effectively bringing forward money it is already owed.

Because the factor also takes over collecting the debt, factoring bundles two things together: fast access to cash and an outsourced credit control function. That second element is what distinguishes it most clearly from other forms of invoice finance, and it is the reason factoring appeals to businesses that would rather not spend time chasing late payers.

How does invoice factoring work?

Invoice factoring follows a consistent sequence, from the moment an invoice is raised to the point the balance is settled. In practice, most facilities work like this:

1. You invoice your customer as usual. The business delivers goods or services and issues an invoice on its standard payment terms.
2. You submit the invoice to the factor. The provider verifies the invoice and checks the creditworthiness of the customer who owes the money.
3. The factor advances the bulk of the value. Typically 80–90% of the invoice is paid to the business within a day or two, sometimes on the same day once the facility is established.
4. The factor collects payment. The provider manages credit control and chases the invoice to term, dealing with the customer directly.
5. The balance is released, minus fees. When the customer pays in full, the factor forwards the remaining 10–20% to the business, less its service fee and discount charge.

A worked example

Suppose a business raises an invoice for £10,000 on 60-day terms and factors it at an 85% advance rate.

• The factor advances £8,500 within a couple of working days.
• The customer later pays the full £10,000 to the factor.
• The factor deducts its fees – say £250 in total – and releases the remaining £1,250.
• The business receives £9,750 of the original £10,000, but gets the majority of it weeks earlier than it otherwise would.

The trade-off is straightforward: the business gives up a portion of the invoice value in return for faster, more predictable cash flow.

Invoice factoring vs invoice discounting

Invoice factoring and invoice discounting both release cash tied up in unpaid invoices. The difference comes down to who chases the money and whether the arrangement is visible to your customers:

• Who collects the debt: with factoring, the provider takes over collections and chases payment to term; with discounting, the business continues to collect from its customers itself.
• Customer visibility: factoring is disclosed, so customers pay the provider directly and know a third party is involved; discounting is usually confidential, so customers need never know a facility is in place.
• Credit control: factoring outsources credit control to the provider; discounting keeps it in-house.
• Best suited to: factoring tends to suit smaller businesses or those without a dedicated credit control team; discounting is more common among larger firms that want to protect the customer relationship and are comfortable managing collections themselves.

In short, factoring hands both the funding and the collections to a specialist, while invoice discounting funds the invoices but leaves the business in control of its own ledger.

Types of invoice factoring

Factoring is not a single product. UK providers offer several variations, and the right one depends on how much risk a business wants to carry and how many invoices it wants to fund.

• Recourse factoring. The most common arrangement. If a customer ultimately fails to pay, the business is liable and must repay the advance. Because the provider carries less risk, recourse factoring is generally cheaper.
• Non-recourse factoring. The provider absorbs the loss if a customer becomes insolvent, subject to the terms agreed. This offers greater protection against bad debt but typically costs more, and providers usually restrict it to invoices raised against creditworthy customers.
• Selective (spot) factoring. The business chooses which individual invoices to factor rather than committing its entire ledger. This suits companies that only occasionally need to bridge a cash flow gap, or that want to factor a single large invoice.
• Whole-turnover factoring. The business factors all of its eligible invoices on an ongoing basis. This provides consistent funding and continuous credit control, and is often priced more competitively than selective facilities because of the volume involved.

How much does invoice factoring cost in the UK?

Invoice factoring costs are usually built from two main charges, plus occasional extras. Understanding both components makes it easier to compare providers on a like-for-like basis.

• The service fee. This covers credit control, collections and administration, and is charged as a percentage of gross turnover – often somewhere between 0.5% and 3%, depending on turnover, invoice volume and sector.
• The discount charge. This is effectively the interest on the money advanced, applied only while the funds are outstanding. In 2026 it is typically calculated as a margin over the Bank of England base rate, so the prevailing rate environment affects the total cost.
• Additional fees. Some agreements carry set-up costs, minimum monthly fees, invoice processing charges or termination fees. These vary widely, so it is worth reading the terms closely before committing.

Because pricing depends heavily on turnover, customer profile and the type of facility, published headline rates are only ever a starting point. Two businesses of similar size can be quoted quite differently based on the perceived risk of their customer base.

Advantages of invoice factoring

• Faster access to working capital. Cash is released in days rather than waiting out lengthy payment terms.
• Outsourced credit control. The provider chases payment, freeing up internal time and resource.
• Funding that scales with sales. As turnover and invoice volume grow, the available funding grows with it – unlike a fixed loan.
• Accessible to newer businesses. Because eligibility rests largely on customer creditworthiness, factoring is often available to firms that would struggle to secure a traditional loan.
• Protection against bad debt. Under a non-recourse arrangement, the provider can absorb losses if a customer becomes insolvent.

Disadvantages of invoice factoring

• It reduces the amount received per invoice. Fees and the discount charge eat into margins, so factoring is more expensive than simply waiting for payment.
• Customers are aware of the arrangement. Because the provider collects directly, factoring is visible in a way that invoice discounting is not.
• Loss of control over collections. How the provider communicates with your customers is largely out of your hands.
• Contractual commitments. Whole-turnover facilities can require you to factor all eligible invoices, and some agreements carry minimum terms or exit fees.
• Not every invoice qualifies. Providers may decline to fund invoices to customers with weak credit, or in sectors they consider higher risk.

Who is invoice factoring suitable for?

Invoice factoring works best for businesses that sell to other businesses on credit terms and that experience a gap between delivering work and getting paid. It is particularly common in sectors where long payment cycles and payroll pressures collide, including:

• Recruitment and staffing, where contractors must be paid before agency invoices are settled.
• Manufacturing and wholesale, where suppliers often wait weeks for large orders to clear.
• Construction and logistics, where contract values are high and payment terms are long.

It tends to suit smaller and growing businesses that would rather hand credit control to a specialist than build the function in-house. Companies that already run a strong internal finance team, or that place a high value on keeping funding arrangements confidential, may find invoice discounting a better fit.

How to choose an invoice factoring provider

Choosing a provider is about more than the headline rate. When comparing options, it is worth weighing several factors together:

• Recourse terms. Understand exactly who carries the risk if a customer does not pay, and what the buy-back period is.
• Disclosed or confidential. Confirm whether the facility is visible to your customers, and whether that matters for your relationships.
• Fee transparency. Ask for the total cost of the facility – service fee, discount charge and any extras – rather than a single rate.
• Contract length and flexibility. Check the minimum term, notice period and any termination fees.
• Regulation and reputation. In the UK, reputable providers are typically authorised and regulated by the Financial Conduct Authority. Independent reviews and sector experience are useful additional signals.

Comparing several providers, rather than accepting the first quote, is the surest way to find terms that genuinely fit the business.

Frequently asked questions

Is invoice factoring a loan?

No. Invoice factoring is not borrowing. Instead of taking on debt, the business sells its unpaid invoices and receives an advance against money it is already owed. Because it is not a loan, it does not typically add debt to the balance sheet in the same way.

How quickly can you get funds through invoice factoring?

Once a facility is set up, funds are usually advanced within 24–48 hours of an invoice being verified, and some providers offer same-day funding. The initial set-up, which involves credit checks on your customers, can take anywhere from a few days to a couple of weeks.

Will my customers know I am using invoice factoring?

Yes. With standard invoice factoring the provider collects payment directly, so customers pay the factor rather than the business and are aware of the arrangement. Businesses that want to keep the facility private usually opt for confidential invoice discounting instead.

Can a new business use invoice factoring?

Often, yes. Because eligibility depends largely on the creditworthiness of your customers rather than your own trading history, factoring can be more accessible than a conventional loan for newer businesses. Some providers still apply a minimum trading period, so it is worth checking the criteria.

Is invoice factoring regulated in the UK?

Invoice factoring itself is not regulated in the same way as consumer lending, but the majority of established UK providers are authorised and regulated by the Financial Conduct Authority for related activities. Checking a provider’s regulatory status and industry membership is a sensible first step.

What is the difference between recourse and non-recourse factoring?

Under recourse factoring, the business remains liable if a customer fails to pay and must repay the advance. Under non-recourse factoring, the provider absorbs the loss if a customer becomes insolvent, subject to the agreed terms. Non-recourse offers more protection but usually costs more.

Summary

Invoice factoring gives UK businesses a way to turn unpaid invoices into working capital quickly, while handing credit control to a specialist provider. It suits B2B companies dealing with long payment terms – particularly in recruitment, manufacturing, construction and logistics – and it is often available to newer businesses that cannot yet access traditional lending. The main trade-offs are cost and visibility: factoring reduces the net value of each invoice, and customers are aware of the arrangement. Whether it is the right choice depends on a business’s cash flow needs, its appetite for cost, and how much it values keeping collections in-house.

This article is intended as general information about invoice factoring and does not constitute financial advice. Costs, eligibility and terms vary between providers and according to individual circumstances. Businesses should compare providers and seek advice from a qualified professional before entering into any finance agreement.

China’s robotics industry crossed a threshold this year that manufacturing economies across Southeast Asia are still absorbing. In April, Chinese firms exported more than 25,000 industrial robots in a single month, up nearly 90 percent from a year earlier, while full-year 2025 export volume had already surged close to 49 percent. China is no longer simply the world’s largest buyer of robots. It has become a net exporter, shipping standardized, cost-competitive automation hardware to 148 countries and regions in the first quarter of this year alone. For Thai manufacturers, the more consequential story is not the export statistic itself but where a meaningful share of that supply chain is now being built.

From exporter to embedded partner

Rather than simply shipping finished machines into Thailand, several of China’s leading robotics firms are localizing production here. The government has approved a 10 billion baht robotics investment inside the Eastern Economic Corridor, led by five Chinese technology companies, which will build a humanoid-robot components cluster in Chachoengsao province and generate more than a thousand high-skilled jobs.

This sits alongside the SMC-Siasun Innovation Center at EECi in Rayong, where Thailand’s National Science and Technology Development Agency is co-developing robotics and automation systems directly with Chinese partners rather than simply importing their hardware. Somboon Advance Technology, one of Thailand’s largest automotive parts suppliers, has already built what it describes as Southeast Asia’s first fully operational 5G smart factory in partnership with Siasun Robot & Automation and Huawei, using 3D vision robots and automated guided vehicles to lift productivity on its production floor. This kind of on-the-ground technology transfer is part of a broader pattern of Chinese innovation reshaping Thailand’s economy, extending well beyond finished-goods trade.

Why the price gap matters

China’s export data reveals something useful for procurement planning. The average unit export price for a Chinese industrial robot is roughly a third of the average unit import price into China, implying that Chinese suppliers are first winning on standardized, high-volume, cost-performance categories such as mobile robots and warehouse automation, rather than the most complex six-axis systems used in precision automotive welding or final assembly. For Thai factory operators, this suggests the clearest near-term opportunity lies in logistics and material-handling automation, where deployment cycles are shorter and payback periods more predictable, while the highest-end automotive and precision-assembly applications remain more contested ground between Chinese, Japanese, and European suppliers.

Where this fits in Thailand’s investment landscape

Robotics and automation sit among the priority sectors the Thai government continues to court through Board of Investment incentives, alongside electric vehicles, intelligent electronics, and digital infrastructure, all part of a wider push to position the kingdom among the top business opportunities in Thailand for 2026. The Eastern Economic Corridor’s role as the delivery mechanism for this strategy is not new. When the EEC’s five-year development plan was approved, automation and robotics were already named among the corridor’s targeted industries, well before the current wave of Chinese humanoid and mobile-robot investment arrived. What has changed is the speed and specificity: Chinese firms are no longer treating Thailand as a market to sell into, but as a base to manufacture from.

What Thai suppliers and integrators should watch

Three practical questions follow for businesses positioned around this shift. First, domestic content and technology-transfer requirements attached to EEC incentives will shape how much of the value from this cluster stays onshore versus flowing back to component suppliers in China, making the fine print of BOI conditions worth close attention for any Thai firm hoping to enter the supplier network. Second, the widening gap between China’s cheap, standardized exports and its higher-value imports suggests the real competitive opening for Thai system integrators is in application-layer work, deployment, calibration, and after-sales service, rather than trying to compete on hardware cost. Third, as Chinese humanoid and mobile robot makers shift from simple product exports toward full system exports, complete with local R&D and service networks, Thai firms partnering early are more likely to become embedded in that ecosystem than those waiting for the technology to mature elsewhere first.

None of this guarantees a smooth outcome. China’s own robotics executives describe the current phase of overseas expansion as closer to the start of a marathon than a finished breakout, with brand trust, after-sales service networks, and compliance with local rules still the deciding factors in whether early deployments turn into durable market positions. For Thailand, the question is no longer whether China’s robotics industry is going global. It already has. The question is how much of that global build-out Thailand can capture as a manufacturing base rather than simply a customer.

Other People are Reading

Kellum Dietz has built a career around one simple idea: great art begins with understanding people. Based in York, Pennsylvania, he is best known as a caricature artist at Hershey Park and other major amusement parks, where he has spent years creating memorable experiences for guests through illustration and conversation.

Originally from Baltimore, Maryland, Dietz discovered his love of drawing as a child. That passion led him to study commercial art at the Joe Kubert School of Art in New Jersey. His favourite subject was storyboarding for film and animation, where he learned how visual storytelling can capture personality, emotion and movement.

Rather than following a traditional studio career, Dietz chose a path that combines creativity with direct customer interaction. Alongside his work as a caricature artist, he has gained more than 15 years of experience in customer service through roles including bartending, gym management, wedding DJ work, videography and live event entertainment. Each position strengthened his ability to communicate, adapt and build genuine connections with people.

Dietz also believes creative work should have a positive impact beyond business. He has supported food drives, cancer research, the Red Cross and Make-A-Wish events, using his artistic talents to bring smiles to children and families. His experience as a background extra in the 2025 Superman film reflects his continued interest in visual storytelling and entertainment.

Today, Kellum Dietz continues to demonstrate that long-term success comes from combining technical skill with authenticity, adaptability and a genuine commitment to helping others.

Q&A with Kellum Dietz: Building a Career Through Art and Human Connection

Q: What first inspired you to become an artist?

I grew up in Baltimore, Maryland, and I’ve been drawing for as long as I can remember. As a kid, I was always filling notebooks with cartoons and sketches. Drawing never felt like homework. It was simply something I enjoyed doing every day. Looking back, I realise those early years built the foundation for everything I’ve done since.

Q: How did your education shape your career?

I attended the Joe Kubert School of Art in New Jersey and studied commercial art. One class really stood out for me, and that was storyboarding for film and animation. I enjoyed learning how a sequence of drawings could tell a complete story. Even today, I think about storytelling whenever I’m creating a caricature because every drawing captures a person’s personality in a unique way.

Q: How did you find your way into caricature art?

I wanted a career where I could combine drawing with meeting people. Working as a caricature artist gave me exactly that. Every day is different because every person who sits in front of me has their own expressions, personality and sense of humour. My job isn’t simply to draw someone’s face. It’s to create an experience they’ll remember.

Q: You’ve worked in several different industries. How have those experiences helped you?

I’ve spent more than 15 years working with people. I’ve been a waiter, bartender, gym manager, wedding DJ, videographer and character performer at children’s parties and special events. At first glance, those jobs seem unrelated, but they all taught me how to communicate, solve problems and make people feel comfortable. Those lessons have become just as valuable as my artistic training.

Q: What makes customer service so important in your work?

People often remember how you made them feel more than what you created. When someone sits down for a caricature, they’re trusting you to make the experience enjoyable. I always try to make people laugh, relax and leave with a positive memory. The drawing is important, but the interaction matters just as much.

Q: Has your career taken you in any unexpected directions?

Definitely. One fun experience was working as a background extra in the 2025 Superman film. It was fascinating to see how much planning and teamwork goes into a major production. It reminded me that every successful project depends on many people doing their part, whether they’re on screen or behind the scenes.

Q: What role does creativity play in today’s world?

I think creativity helps people connect. We’re surrounded by technology, but people still value something that’s made by hand. Watching someone create a drawing in front of them feels personal. That connection is something I don’t think will ever go out of style.

Q: Community work has also been important to you. Why?

I’ve always believed that if you have the opportunity to help, you should. I’ve supported food drives, cancer research, the Red Cross and worked as a character actor for Make-A-Wish events. Those experiences remind me that small actions can make a real difference to someone’s day.

Q: What habits have helped you build a lasting career?

Consistency is probably the biggest one. I still draw regularly because practice never stops. I also try to stay curious. Every conversation teaches you something if you’re willing to listen. Working with thousands of people over the years has shown me that everyone has an interesting story.

Q: What advice would you give someone starting out in a creative career?

Keep practising, but don’t focus only on your technical skills. Learn how to communicate with people. Be reliable. Be willing to take opportunities that don’t seem directly connected to your long-term goal. Many of the skills I use every day came from jobs outside the art world.

Q: What continues to motivate you today?

I still enjoy meeting new people. Every day brings different faces, different conversations and different stories. That’s what keeps the work interesting. If I can create something that makes someone smile and gives them a memory they’ll keep for years, then I’ve done my job well.