Category: Transport & Logistics Highly Commended: Knorr-Bremse AG Partner: Trade Information Network and Deutsche Bank Summing up: A corporate which strives to push the boundaries of supply chain finance further upstream with its involvement in a new multi-bank multi-corporate digitised network What the judges said: The aim for continuous improvement with the recent "full automation" via [...]
Category: Transport & Logistics Highly Commended: Knorr-Bremse AG & Roche AG Partner: Trade Information Network Summing up: An innovative collaboration between two companies from different industries working together to benefit from a new multi-bank, multi-corporate digitised network. What the judges said: “The aim for continuous improvement with the recent "full automation" via the Trade Information Network makes this [...]
Category: Retail and Apparel Highly Commended: Asian Paints Summing up: A distributor finance programme to support a company’s supply chain ecosystem - providing finance to a wide range of traders, including small companies with limited access to affordable conventional sources of finance What the judges said: “Entrepreneurial in difficult emerging markets” Key Facts: First distributor finance programme associated [...]
Category: FMCG Food & Beverage Highly Commended: Henkel Partner: Taulia Summing up: A well-received SCF programme that coupled the introduction of streamlined automated invoice processing with the ability to offer early payment on supplier invoices. What the judges said: The participation rate and the handled volume is very impressive! The concurrent transformation from paper to electronic [...]
Category: Retail and Apparel Winner: Co-operative Group Summing up: A SCF platform created to be more inclusive than previous legacy programmes – ready to support a wider range of suppliers just as the Covid-19 crisis hit. Partner: PrimeRevenue What the judges said: A swiftly-implemented, ethically-driven SCF programme created to ensure more suppliers had access to cash when [...]
Category: Manufacturing & Industrial Highly Commended: Haier Summing up: A supply chain finance programme that demonstrated how distributor finance can be added on to an existing platform and used to keep a corporate’s distributor network in business during a time of crisis. What the judges said: “The multi-bank programme structure helps keep financing costs at competitive levels and also [...]
Category: SCF Leader of the Year Winner: Pietro Solazzo, Knorr-Bremse Entry: The SCF Leader of the Year award for 2020 goes to Pietro Solazzo, corporate treasurer at Knorr-Bremse. Solazzo has been at the forefront of developments in supply chain finance, pioneering financing techniques at Knorr-Bremse well ahead of the competition since joining the German manufacturer of rail and [...]
Category: Transport & Logistics Winner: JK Tyre & Industries Summing up: A supply chain finance programme featuring speedy, efficient, and flexible on-boarding processes that facilitated the involvement of small rural suppliers with minimal financial records What the judges said: A proactive approach and [the programme’s] flexibility makes this a good story. The supplier onboarding was a [...]
Supply chain finance is increasingly being promoted as a force for good whether it is being used to support small suppliers in times of crisis, finance vital hospital equipment in a pandemic or attain environmental goals, according to panellists on the opening panel at this year’s SCF Forum Global. Matthijs Mondria, head of sustainable business [...]
Momentum is growing behind new applications of supply chain finance (SCF) that will take the technique far beyond only looking to extend the days payable outstanding (DPO) metric. Panellists at this year’s SCF Forum Global outlined their efforts to explore new frontiers in SCF including the development of purchase order financing, sustainability-linked supplier finance, inventory [...]
