With the rapid expansion in domestic and international trade, increased competition has led companies to seek innovative ways to expedite and streamline their supply chains. At the same time, companies are looking to their bankers to provide alternative financing solutions that will align with the way that they manage their supply chain.
Standard Chartered has responded by creating Supply Chain Finance solutions designed to adapt to this rapidly changing environment. Suppliers and buyers now have access to working capital finance aligned to their business cycles, providing the means to expand their business and stay competitive without the need for traditional bank security.
Companies are increasingly abandoning the...