Sustainable Business With Supply Chain Finance
The future of sustainability is efficient business operations.
Over the past three years, the world has seen a series of major supply chain disruptions caused by the pandemic, political tensions, climate change, natural disasters, and even shipping accidents. As a result, firms are increasingly keeping an eye on their balance sheets, since the next supply chain disruption might very well be the one that brings them down.
Supply Chain Finance (SCF) has, therefore, become a highly important and trending topic since it helps firms throughout the value chain attain funds earlier, thus they may have quicker access to working capital for financing future operations.
SCF is also the best-known business practice for eliminating waste and excess since it shines a bright light on the total costs of both. If more firms implemented SCF methods in their business planning and operations, it would be good for both their balance sheet and for the planet.
In other words, SCF forces businesses to see the bigger picture and understa…
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