Supply chain finance has takenoff in recent years, fueled by companies' greater focus on workingcapital management, as well as banks' retreat from lending in thewake of the financial crisis.
“Almost every business is becoming increasingly global and thatstretches their supply chain out a lot,” noted Craig Jeffery,managing partner at Atlanta-based consultancy StrategicTreasurer.
Finance teams try to improve their working capital metrics bywaiting longer to pay suppliers. But “when a larger player istrying to free up money by extending terms, that creates extremehardship for suppliers,” Jeffery said.
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Susan Kelly
Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.
