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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
In 2020 we launched a series of webinars on the hottest topic in the SCF industry. If you missed any of them, you can watch them back! Here is the full list. http://scfacademy.org/briefing/webinar-report-three-key-lessons-for-supply-chain-finance-programmes/ http://scfacademy.org/briefing/distributor-financing-the-other-side-of-scf/ http://scfacademy.org/briefing/webinar-report-new-ways-to-finance-smes/ http://scfacademy.org/briefing/webinar-overcoming-the-challenge-of-onboarding-in-supply-chain-finance-programmes/ http://scfacademy.org/briefing/webinar-report-the-world-after-covid-19-how-global-supply-chains-are-being-digitised-faster-than-ever/ http://scfacademy.org/briefing/webinar-coping-with-covid-19-supporting-your-supply-chain-in-a-crisis/
2020 has certainly been a volatile year as the Covid-19 swept across the world causing human misery and the serious upheaval to supply chains. Yet, amid the chaos, it has also been a year of human resilience as businesses, and individuals, adapt to a new way of life. As Michiel Steeman, chairman of SCF Community, [...]
The supply chain finance market needs to take action to fight climate change, urged panellists speaking at this year’s SCF Forum Global. “There is nowhere more important when considering the challenges of climate change than supply chains,” said an environmental documentary filmmaker Huw Cordey, being interviewed by Thomas Dunn, chairman of tech firm Orbian. He [...]
The impact of the Covid-19 pandemic this year will accelerate the trend towards increased digitisation within the supply chain after businesses grappled with disruptions in production and demand, according to panellists at this year’s SCF Forum Global. “When Covid hit, it was huge to have everything on one platform,” said Christian Kochan, assistant treasurer at [...]
Nestle has won the Gold Award for best supply chain finance programme in the 2020 Supply Chain Finance Awards. Judges’ praised the company’s market-leading efforts to combine environmental, social, and corporate governance (ESG) financing with supply chain financing. The food and beverage company’s programme involved expanding its existing collaboration with the receivables and payables trading [...]
