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 [...]
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. [...]
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 [...]
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 [...]
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: [...]
SCF Briefing spoke to Amit Agarwal, head of open account trade products at DBS Bank, about the growing interest in supplier finance in Asia and how banks should react.