Covid-19 is shaking up corporate treasurers’ relationship with their banks, and customer preferences are changing, according to a new study by East & Partners (Asia).
As suppliers gain access to cheaper funds based on the credit-worthiness of their customers, both parties as well as the banks involved are benefiting.
Private firms and local government-owned entities more likely to see lengthening receivable cycles, particularly in engineering & construction sector, ratings agency says.
BASF China and Deutsche Bank collaborate on a supply-chain finance solution aimed at lowering overall transaction costs for the German chemical company's China subsidiary.
The unique circumstances of Covid may have changed supply-chain financing for all time. Incomlend’s Morgan Terigi spoke to CT about fintechs and the future.
SCF is often touted as a win-win for vendors and their customers, but is it prone to misuse and, during the cash-strapped Covid period, are small contractors being bullied into accepting less?
Procurement three commandments: 1. never expect any congratulations 2. always be ready to be blamed when things go wrong 3. The only way to ‘defend’ yourself is to hang on tight to your SOP.”
Covid-19 is proving to be the right medicine for China's heavily subsidised and largely ornamental New Silk Road rail route. For corporate treasurers, the change in logistics stands to change everything
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