Latest Financial Supply Chain Articles
Supply chain finance (SCF) is attracting a huge amount of interest from organisations of all sizes. No matter whether you measure by value, volume of transactions or number of parties involved, banks and industry bodies are reporting double-digit growth.
Since the start of 2013, the US$300bn forfaiting market has been backed by a global set of rules issued by the Paris-based International Chamber of Commerce (ICC) and the International Trade and Forfaiting Association (ITFA). Titled Uniform Rules for Forfaiting (URF 800), they mirror market practice as well as codifying it under one umbrella document.
Just how big the global market for the Chinese currency has become was put into sharp focus at the International and Commercial Bank of China’s (ICBC) recent renminbi (RMB) internationalisation summit in Singapore.
As a concept, supply chain management (SCM) is an entrenched discipline with well honed techniques for financing and risk mitigation. However, often overlooked is the fact that supply chains exist within a cultural context and this article looks at the specific nuances applying to trade between Brazil and Korea.