With globalization, managing supply chain operations has become more complex than ever. Challenging market conditions require a constant source of capital. Against this backdrop, corporates are rediscovering the value of supply chain finance.
As buyers and suppliers of goods strive to better manage cash, supply chain finance offers a new platform to improve working capital. Moreover, advanced digital technology is accelerating the development of supply chain finance. While banks continue to dominate the space, fintechs have made inroads into the business. Many of Asia’s technology companies are providing innovative funding solutions that give companies easier access to capital.