Industry roundup: 7 October
by Graham Buck
News in brief featuring NatWest's AML lapse and BNY Mellon joins Marco Polo network
Trade & FSC Management
Background
Trade finance helps to make international supply chains work smoothly and efficiently. Finance costs in the supply chain can be material. As a general principle, supply chains are most efficient when…
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IKEA to shift more production to Turkey
by Graham Buck
IKEA will move more of its production to Turkey in response to supply chain strains
Top trade finance banks in Europe and Asia make a splash
by Ben Poole
Coalition Greenwich's 2021 Share and Quality Leaders research reveals which banks best supported large corporates during COVID-19.
APAC supply chain managers heavily investing in digitisation
by Ben Poole
An EIU report has found that Asia Pacific supply chains remain resilient, but COVID-19 has caused a broader rethink.
Driving digitisation in trade finance
by Ben Poole
A paper from SWIFT looks at how trade has been impacted by the pandemic and what is needed to successfully facilitate digitisation in this area.
Trade finance trends in a post-pandemic world
by Ben Poole
BofA's Baris Kalay discusses how areas such as working capital management and supply chain resilience have come to the fore this year.
Marco Polo aims to be big in Japan
by Ben Poole
SMBC has executed its first live transaction on the blockchain-based digital trade platform for a Japanese corporate.
The true impact of COVID-19 on supply chain due diligence
by Ben Poole
Refinitiv research shows only 44% of organisations conducted third-party due diligence checks during the COVID-19 pandemic.
Global B2B spending set to surge
by Ben Poole
An Amex survey finds 70% of businesses are optimistic for the year ahead, with many increasing spend on digital initiatives to drive growth.
South Korea’s big digital supply chain play
by Ben Poole
The Export-Import Bank of Korea has signed a US$30m credit facility with Deutsche Bank.
Report: export credit financing dropped globally in 2020
by Ben Poole
EXIM's 2020 competitiveness report shows the impact of COVID-19 on export credit activity across the world.
Over US$500bn of working capital tied up in supply chains
by Ben Poole
The J.P. Morgan Working Capital Index 2021 explores the impact of the pandemic on treasury working capital management.
Santander boosts support for Spain-UK corridor businesses
by Ben Poole
The bank's agreement with the UK Department for International Trade aims to support trade between the two European countries.
Standard Chartered launches sustainable supply chain benchmarking tool
by Ben Poole
The online tool allows companies to compare their performance with peers on key sustainability and resilience indicators.
Contour launches domestic LC for Bangladesh businesses
by Ben Poole
The platform aims to onboard over 50 corporates, supported by Bangladeshi and international banks, in next six months.
Two live transactions boost Marco Polo’s digital trade finance network
by Ben Poole
Commerzbank successfully executed the transactions to secure payments for commercial transactions based on blockchain technology.
Procurement’s increasingly strategic role
by Ben Poole
In a Deloitte survey, chief procurement officers identified 'driving operational efficiency' as their top priority.
Tesco to offer sustainability-linked supply chain finance
by Ben Poole
From Tesco's green supplier offering, to new social loan principles, via StanChart's ESG-linked derivative and more, ESG in finance keeps pushing on.
African trade finance saw US$5bn in portfolio outflows when COVID hit
by Ben Poole
A report from the African Export-Import Bank and partners notes that despite the outflows, opportunities exist.
Digitising Islamic trade finance
by Ben Poole
The International Islamic Trade Finance Corporation recently conducted its first transaction with partners on Bolero’s trade finance platform.
Tata Consumer Products digitally transforms supply chain
by Ben Poole
The company aims to improve planning capabilities with Blue Yonder utilising Microsoft Azure and teaming with Accenture on implementation.
Supply chain finance world rocked by Greensill woes
by Ben Poole
Credit Suisse has suspended two supply chain finance subfunds linked to the firm, while GAM Investments ends a 5-year partnership by closing a fund.
Digitising Indian treasury and trade services
by Ben Poole
As a report shows the country's trade infrastructure is transforming, Icici Bank has set up a platform for foreign companies expanding to India.
CTMfile’s Top 10 for 2020
by Ben Poole
Our top 10 most read articles for 2020 show what has been top of mind for treasurers in a turbulent year.