China’s fifth SCF Innovation Summit was held in Shenzhen on March 30. Last year saw the government release its first policy paper and focus on supply chain finance.
The SCF Community names Luca Gelsomino as its first-ever academic director, highlighting the need for collaboration between corporate players and academia.
Luca Gelsomino, academic director of the SCF Community, asks Prof Hua Song of Renmin University, Beijing, about his recent research and SCF in China.
The latest SCF Barometer supports our experience that supply chain finance is growing and changing - an indicator of how it and the profession are maturing.
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 [...]