Kroger, America’s biggest grocery chain by revenue, met resistance to plans to pay produce suppliers within 90 days instead of the current 30.
The French fashion label has put corporate social responsibility at the heart of an initiative to strengthen relationships with its key suppliers.
There appears to be a major gap in the market when it comes to providing multi-tier financing for the suppliers of suppliers. Two years ago, a workshop at the SCF Forum focused on multi-tier financing, with a total of 23 banks and fintechs invited to talk about what they could do towards its development. In [...]
Managing working capital can be challenging when customers want longer payment terms, said Lieven De Weder, group purchasing manager for Belgian group Puratos. The company is an international group with subsidiaries in 70 countries, specialising in the production of ingredients for bakery, chocolates, cake mixes and patisserie. It invests heavily in R&D and innovation, out [...]
Newer players in the world of supply chain finance include logistic service providers. Until recently few saw them playing a key role in SCF, yet they know about financial and payment flows – and what goes where. That was the opening premise of Federico Caniato, professor at Politecnico di Milano, who moderated the workshop session [...]
By any measure, Germany’s global engineering and technology services group Siemens is a big corporate beast. Boris Huttenlocher, a senior financial consultant in the group’s financial services business outlined just how big a force it is in his case study. Siemens celebrates its 170th anniversary this year and in 2016 total revenues reached €83bn, while [...]
"He who stops being better, stops being good,” said Schwarz Groups Claudia Duckstein. Oliver Cromwell’s words helped drive the SCF programme.