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Supply chain: Adapting to the changes
20 December 2011
With the euro-crisis in full swing, Helen Castell talks to leading trade banks and examines the changing landscape of supply chain financing in Europe.
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supply chain finance
trade supply chain
eurozone crisis
EU
Europe’s woes have not been bad news for every banking business, with supply chain finance in particular enjoying decent growth in demand. As in financial crises of yesterday, even big-name corporates are now placing a premium on stable sources of finance – not just for them but for their entire supply chain – as other avenues close.
The sector is certainly not without its challenges though, and European banks in particular face mounting dollar-funding costs that are helping US banks gain market share at their expense. Meanwhile the threat of a ‘true’ European crisis – possibly even including a dissolution of the euro – continues to loom, and it is hard to predict what this would mean for even a mainstay product like open account finance.
Supply chain finance is the most resilient strand of the trade finance spectrum, and should be able to withstand a true euro crisis better than any of...
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