Top honours went to Siemens against a record number of entrants for the 2018 SCF Awards. China's Professor Hua Song was named Leader of the Year.
The 2018 SCF Leader of the Year award goes to Professor Hua Song, adviser to the Chinese government on SCF and widely regarded as China's top expert.
In a popular SCF Forum session, Andrew Sawers interviewed Alex Griffiths, head of EMEA corporate ratings at Fitch and author of 'that' report.
Category: Manufacturing and industrial Highly-commended: Hillenbrand – USA Partner: PrimeRevenue Summing up: A successful SCF implementation in one business unit reached even smaller suppliers than originally anticipated. The programme is now being rolled out to the rest of the group. What the judges said: “Three-quarters of targeted suppliers have transitioned to supply chain finance and [...]
Category: Manufacturing and industrial Winner: Siemens – Germany Partner: Orbian Summing up: A robust, multi-funder programme that has grown and evolved over the last decade and is now a truly global offering to suppliers large and small. What the judges said: “A very successful programme with a solid track record and an impressive number of [...]
Category: Government and not-for-profit Winner: Crown Commercial Service – United Kingdom Partners: Taulia and Greensill Capital Summing up: The UK government has taken very successful first steps in what will be a public sector-wide supply chain finance programme. What the judges said: “Rapid enrolment of a large number of suppliers in this partnership between the [...]
Category: FMCG, food and beverage Winner: ICA Gruppen – Sweden Partner: PrimeRevenue Summing up: A programme that had supply chain sustainability as a core objective, while releasing cash flow across the whole of the value chain. What the judges said: “An example of great governance and cross-functional best practice! Truly a ‘win-win’ as seen from the [...]
Category: Technology and Telecoms Winner: Philips – The Netherlands Partner: C2FO Summing up: A dynamic discounting programme driven by a determination to be ethical and fair towards suppliers, giving them optionality so they can best meet their own working capital needs. Suppliers have been quick to take up the programme. What the judges said: “The metrics reflect [...]
Category: Transport and logistics Winner: Kuehne + Nagel – Switzerland Partners: Citi and Tradeshift Summing up: Kuehne + Nagel didn’t reinvent the wheel when they decided to offer their suppliers an early payment facility. The existing e-invoicing platform that had been developed with Tradeshift served as the perfect launchpad for the SCF programme provided by Citi. [...]
Competition for the SCF Awards Gold Award was hotter than ever this year but Siemens found itself ahead of the field. The company first established its supply chain finance programme in 2008, since when it has grown to include over 3,000 suppliers in more than 20 countries covering 13 different currencies. Siemens was one of [...]