Press Release
Press Release
Supply chain finance has evolved into a technology-driven solution, where a third party facilitates secure business transactions through flexible payment options for buyers. Supply chain finance helps mitigate the risk by optimising the working capital of both suppliers and buyers. The digitisation of supply chain finance solutions is a significant technological development, enabling secure transactions, improving visibility, expediting transactions, and enhancing overall efficiency.
The increasing number of start-ups and small and medium-sized enterprises (SMEs) is a key factors aiding the supply chain finance market. Supply chain finance helps small businesses and start-ups to manage their working capital. As of July 2023, there were 1,200 Unicorn startup companies globally. According to the International Labour Organization, SMEs represent 90% of global businesses.
Further, the integration of artificial intelligence in supply chain finance notably enhances the decision-making process. AI, particularly through machine learning algorithms, empowers the decision-making process by efficiently analysing vast amounts of data. This capability enables accurate and rapid assessments of potential risks, leading to faster and more informed financing decisions.
Furthermore, banks are increasingly investing towards upgrading their technological infrastructure to improve supply chain finance offerings, providing innovative solutions to support MSMEs. For instance, in January 2024, Yes Bank launched SmartFin, a supply chain finance platform, powered by a digital solutions provider Veefin Solutions, to drive operational and financial efficiencies and enhance its digital offerings in the space.
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The major players in the supply chain finance market are Asian Development Bank, HSBC Group, Standard Chartered Holdings Limited, JPMorgan Chase & Co., Citigroup, Inc., DBS Bank Limited, Bank of America Corporation, Orbian, BNP Paribas, NatWest Group, and Mitsubishi UFJ Financial Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Provider |
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Breakup by Offering |
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Breakup by Application |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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