Some SCF users ‘push the rules’, says Fitch Ratings’ Griffiths
In a popular SCF Forum session, Andrew Sawers interviewed Alex Griffiths, head of EMEA corporate ratings at Fitch and author of 'that' report.
2018 Manufacturing and industrial highly-commended: HILLENBRAND
Category: Manufacturing and industrial Highly-commended: Hillenbrand – USA Partner: PrimeRevenue Summing up: A successful SCF implementation in one business unit reached even smaller suppliers than originally anticipated. The programme is now being rolled out to the rest of the group. What the judges said: “Three-quarters of targeted suppliers have transitioned to supply chain finance and [...]
2018 Manufacturing and industrial winner: SIEMENS
Category: Manufacturing and industrial Winner: Siemens – Germany Partner: Orbian Summing up: A robust, multi-funder programme that has grown and evolved over the last decade and is now a truly global offering to suppliers large and small. What the judges said: “A very successful programme with a solid track record and an impressive number of [...]
2018 Government and Not-for-profit winner: CROWN COMMERCIAL SERVICE
Category: Government and not-for-profit Winner: Crown Commercial Service – United Kingdom Partners: Taulia and Greensill Capital Summing up: The UK government has taken very successful first steps in what will be a public sector-wide supply chain finance programme. What the judges said: “Rapid enrolment of a large number of suppliers in this partnership between the [...]
2018 FMCG, food and beverage winner: ICA GRUPPEN
Category: FMCG, food and beverage Winner: ICA Gruppen – Sweden Partner: PrimeRevenue Summing up: A programme that had supply chain sustainability as a core objective, while releasing cash flow across the whole of the value chain. What the judges said: “An example of great governance and cross-functional best practice! Truly a ‘win-win’ as seen from the [...]
2018 Technology and telecoms winner: PHILIPS
Category: Technology and Telecoms Winner: Philips – The Netherlands Partner: C2FO Summing up: A dynamic discounting programme driven by a determination to be ethical and fair towards suppliers, giving them optionality so they can best meet their own working capital needs. Suppliers have been quick to take up the programme. What the judges said: “The metrics reflect [...]
2018 Transport and logistics winner: KUEHNE + NAGEL
Category: Transport and logistics Winner: Kuehne + Nagel – Switzerland Partners: Citi and Tradeshift Summing up: Kuehne + Nagel didn’t reinvent the wheel when they decided to offer their suppliers an early payment facility. The existing e-invoicing platform that had been developed with Tradeshift served as the perfect launchpad for the SCF programme provided by Citi. [...]
Siemens wins Gold at 2018 Supply Chain Finance Awards
Competition for the SCF Awards Gold Award was hotter than ever this year but Siemens found itself ahead of the field. The company first established its supply chain finance programme in 2008, since when it has grown to include over 3,000 suppliers in more than 20 countries covering 13 different currencies. Siemens was one of [...]
2018 Innovation winner: ARVIEM
The 2018 SCF Innovation award is presented to an organisation that is bringing the physical and financial supply chains together with its innovative approach and technology – Arviem. The Swiss-based business is famed for its end-to-end cargo-tracking capabilities, which provide companies with real-time visibility into the movement of goods through the supply chain. Arviem is [...]
2018 Retail and apparel winner: DIS-CHEM PHARMACIES
Category: Retail and apparel Winner: Dis-Chem Pharmacies – South Africa Partner: Propell Summing up: A large and remarkably quick implementation – amongst the largest and fastest in all of Africa – testimony to the support and low-cost finance made available to suppliers while enabling Dis-Chem to fund its ambitious expansion programme. What the judges said: [...]
