Supply Chain

  Interest rates heavily influence programs for early payments to suppliers. A supplier early payment scheme is a contract in which a buyer pays their suppliers ahead of the consented payment terms in return for a discount. Both the buyer and the supplier win from this programme since the buyer can bargain for a lower price in exchange for prompt payment, and the supplier gets immediate payment, which helps their cash flow. Low interest rates result in lower financing costs and lower fees for supply chain finance solutions from the financial institution. Because they can pay their suppliers early and at a lesser cost; as a result, SCF programmes become more alluring to buyers. Furthermore, because financial organizations may borrow money at lower rates, lowering their cost of capital, low interest rates also make it simpler for them to offer to lend. Yet, when interest rates are high, both the cost of borrowing money and the financial institution's fee for SCF programmes go up...

How to Improve Supply Chain Resilience through Digitalization   Digitalization has emerged as a crucial strategy for businesses aiming to strengthen the robustness of their supply chains in today's fast-paced commercial environment. Companies may obtain information about their supply chain operations, foresee potential disruptions, and swiftly adjust to shifts in the market by utilizing cutting-edge technology like artificial intelligence, deep learning, and machine learning. The ability of a supply chain to endure and recover from unanticipated interruptions, such as natural catastrophes, geopolitical crises, pandemics, or supplier bankruptcy, is referred to as supply chain resilience. Digitalization is the transformation of corporate operations, procedures, and consumer interactions via the use of digital technologies. In this blog post, we'll explore some of the key benefits of digitalization for supply chain resilience and provide practical tips on how companies can get...