Description

In recent years, supply chain finance has emerged as a new business field, causing the business community and academia off-note. At present, supply chain finance, is one of the rapidly developing financial products globally. Although the SCF market has been around since the early 1990s, it did not really take off until after the economic crisis. A number of economic, technological and regulatory forces have spurred its growth. The globalization of the economy has lengthened supply chains, increasing the number of suppliers and boosting the number of transactions. In addition, the development of direct sourcing has made supply chains more complex and created a need for integrated solutions. While Europe and United States leads the supply chain finance markets, Asia is also making its mark in the segment and is expected to have a stronger foothold in the future.