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/Michiel Steeman

About Michiel Steeman

Michiel Steeman is the inaugural holder of the Supply Chain Finance Professorship at the Windesheim University of Applied Sciences in The Netherlands. He is also the founder and chairman of the Supply Chain Finance Community which brings together over 30 leading business schools from more than 20 countries around the world who actively collaborate with companies, banks and governments in the developing field of supply chain finance.

Looking beyond Greensill

By |March 22nd, 2021|

At the beginning of this month the news broke about the problems at Greensill. Like everybody else we were keen to understand what was going on, but more importantly we wanted to understand the potential impact on the SCF market. We then quickly launched a market survey to capture the market sentiment, as well as [...]

The neglected angle in the Greensill coverage: big data and future receivables

By |March 16th, 2021|

How did Greensill leap from short term invoice based financing to long-term funding of power plants? Why was Son and his vision fund investing so heavily in Greensill? Why did Greensill launch Earnd? It seems unconnected but it is not. It is all about modelling (big) data. Let me explain. It all starts with understanding [...]

Supply Chain Finance is mature now

By |March 11th, 2021|

The Greensill debacle put the supply chain finance market to test. And what happened? Nada, niente, nichts, niks. Really nothing. Surely not what journalist like to write. And admittedly, Greensill does make a colorful story. About the farmer turned knighted banker. About an Indian steel tycoon and former prime ministers. About rogue traders and billions [...]

Mystique around SCF has to go

By |March 9th, 2021|

Was Greensill misusing the SCF label? Just because someone calls it supply chain finance does not make it so. But then what is supply chain finance and what is not? Over these past days we have collected many comments from users and providers alike: there should be more clarity on what should be considered supply [...]

Greensill collapse has nothing to do with Supply Chain Finance.

By |March 8th, 2021|

It is the 2018 quote by Lex Greensill himself that sums it all up.   "The structure is the same whether it’s a seven-day trade receivable or a 12-year aeroplane lease cash flow or indeed a payment 25 years into the future for hydroelectric power. It uses a combination of capital plus risk mitigants—largely insurance—to [...]

Viewpoint: A Volatile World Requires Better Use of Data

By |October 16th, 2020|

The successful harnessing and sharing of data will be key to the survival of businesses as the Covid crisis deepens across Europe.  After a summer of relative freedom, the threat of a second wave of Covid-19 in Europe has forced governments to take a tougher stance on restrictions, ensuring that what started as a health [...]

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 – [...]

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 [...]

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Viewpoint: Does the SCF Industry Need a Code of Conduct to Prevent ‘Extreme’ Programmes?

By |April 7th, 2020|

Governments and regulators are calling for a reappraisal of some supplier finance programmes. We should respond positively, says Michiel Steeman. Supply chain finance has faced renewed criticism in the media just a month into the year. The bad press is not new – we are familiar with similar accusations against multinationals taking their SCF programmes [...]

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Viewpoint: How SCF is responding to new pressures

By |December 5th, 2019|

Supply chain finance is becoming more than just a ‘solution’ as the market responds to the changing environmental and social pressures we face today.