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 [...]
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 [...]
Three lessons have emerged from research into almost a decade of supplier finance data, according to TUM’s Professor David Wuttke. Speaking during the SCF Community’s latest online event, sponsored by Orbian and entitled What's driving supplier finance? The real data behind supplier adoption, he distilled his research findings into these core elements: Smaller suppliers adopt [...]
Using supply chain finance to support suppliers has been standard practice for multinationals for years - but using similar tools to deliver finance to the distribution channel is still a relatively new phenomenon. In the latest webinar from the Supply Chain Finance Community, sponsored by DBS Working Capital Advisory, four expert speakers gave almost 300 [...]
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 [...]
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 [...]
