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Problems with late payments escalate amid Covid-19 crisis

By |August 19th, 2020|

Buyers are increasingly paying invoices late as they struggle to manage their working capital amid the global Covid-19 crisis, preliminary research from the SCF Community shows. Corporate payment practices have worsened during the Covid-19 crisis with an increasing number of buyers admitting to paying their suppliers’ invoices late, according to the early research findings from [...]

Webinar report: New ways to finance SMEs

By |July 16th, 2020|

Supplier finance providers are tapping into a wealth of data to offer funding to suppliers earlier and faster than ever before, according to the panellists at the latest online event from the Supply Chain Finance Community. The session, entitled New ways to finance SMEs: How data is driving a fresh approach, gave the first look [...]

Webinar: Overcoming the challenge of onboarding in supply chain finance programmes.

By |July 1st, 2020|

Indian retail and apparel giant Aditya Birla has onboarded more than 500 suppliers to an early payment programme it launched at the start of the Coronavirus pandemic. Rahul Desai, SVP Treasury, said the use of a two-page early payment agreement, coupled with the ability of DBS bank to extract KYC data directly from the company’s [...]

Viewpoint: Crisis will take SCF beyond reverse factoring

By |June 30th, 2020|

The Covid-19 global crisis could spark the acceleration of purchase order financing as companies urgently need cash to bring their supply chains back to life. As some lockdown measures are cautiously eased around Europe, many businesses will be eager to re-start operations and revive their broken supply chains. Yet, to restart almost from scratch – [...]

Webinar report: The world after COVID-19 – how global supply chains are being digitised faster than ever

By |June 2nd, 2020|

More than three-quarters of companies have accelerated plans to digitise trade and supply chain finance processes, according to a poll of participants in the latest SCF Community webinar. 76% of respondents said their plans had been brought forward, with 16% saying they hadn’t changed. That audience view was echoed by the opening speaker, Viktor Elliot [...]

Supply Chains Must Be More ‘Resilient’ and ‘Responsive’ Post-Covid 19

By |May 25th, 2020|

Supply chain management professor Xiande Zhao outlines recommendations to help Chinese businesses weather the pandemic Businesses in China must learn from their experiences of the devastating impact of Covid-19 to ensure their supply chains are more responsive and resilient to future shocks, says Dr Xiande Zhao, professor of operations and supply chain management at the [...]

Pandemic Will Heighten Need for SCF for Small Businesses in Italy

By |May 25th, 2020|

Discussions around Covid-19 impact dominated the annual SCF Observatory Conference Supply chain finance could provide much-needed liquidity to small businesses in Italy struggling with the impact of Covid-19 and facing an increase in cancelled orders and delayed payments from their customers, says Federico Caniato, director at the SCF Observatory. Caniato was speaking to SCF Briefing [...]

Webinar: Coping with COVID-19 – Supporting your supply chain in a crisis

By |May 7th, 2020|

The Covid-19 crisis means many smaller businesses are desperate for the liquidity offered by supplier finance, but access to funding may become difficult. Rewatch the webinar at the bottom of the page ‘We’re seeing more and more reports talking about double-digit GDP drops,’ says Michiel Steeman, executive director of the SCF Community, as he kicked [...]

Viewpoint: as the tragic global health crisis of Covid-19 becomes an economic one too, there is an urgent need to improve the resilience of our supply chains. 

By |May 2nd, 2020|

The scale of the human tragedy of the Covid-19 outbreak unfolding around the globe can often seem overwhelming. Who could anticipate the speed at which the virus took hold over one country after another? National death tolls have become a depressingly regular feature of each passing day. As I write this, there have been more [...]

SCF Personalities: Sunil Mascarenhas, supply chain finance relationship manager, Asian Development Bank

By |April 16th, 2020|

ADB’s SCF evangelist is keen to expand the reach of supplier finance in Asian markets, he tells SCF Briefing - and technology will be a key part of that mission. When Sunil Mascarenhas moved to Manila last year to take up a new role with the Asian Development Bank (ADB), he knew the move would [...]