The key drivers for Airbus’s supply chain finance programme were to strengthen supply chain health and improve supplier relationships, collaboration and transparency, said Julie Sis, supply chain funding manager at the aerospace company. Connectivity and automation were important attributes that Airbus wanted, with funding flexibility and ease of supplier on-boarding. They wanted the scheme to [...]
The UK Crown Commercial Service is an executive agency and trading fund of the UK government. Matthew Sparkes, deputy director, leads the financial services category group which is responsible for £3bn of spend on things ranging from credit and fuel cards to insurance and financing solutions. “If we have the money we should pay quickly. [...]
Federico Caniato of Politecnico di Milano and Danny Siemes from PwC explained the latest findings from the annual SCF Barometer, a survey of corporates and their use and views on supply chain finance. This year’s Barometer revealed that 55% of corporates surveyed are running a supply chain finance programme – and in fact 23% are [...]
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 [...]
When Eric Woons, global head of cash management at SABIC, first raised the idea of setting up a supply chain finance programme he met with some resistance.
The Port of Rotterdam and Samsung have joined forces to launch a pilot aimed at replacing paper shipping and finance documentation with blockchain technology.
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.
A South African pharmacy chain, a Swedish retailer and a U.S. manufacturer are among the shortlisted companies for the 2018 SCF Awards, sponsored by ING.
Michiel Steeman speaks to Alex Griffiths of Fitch Ratings, discussing his recent report on SCF and whether reverse factoring is a positive or negative development.
Cost is the main barrier to the widespread adoption of more advanced supplier finance techniques, according to a study by The Supply Chain Finance Community.