Forget about trade services, trade finance, UCPs and documentary credit, what we all do now is called Financial Supply Chain (or SCF for Supply Chain Finance). How many “Heads of” have we seen lately with freshly updated business cards showing new supply chain-related titles ? A lot ! Revolution or Evolution?
Well, the notion of financial supply chain is certainly not new but the convergence with the physical supply chain is new and mostly perceived as an evolution made possible by advances in technology and by growing demand from corporates to realize the opportunities in such convergence. This evolution or transformation from the traditional trade finance to the “new world” of supply chain management is a bit like the domino effect, only each change reflects a heavier leaning towards corporates and their internal needs.