Small and medium-sized enterprises are key drivers of growth in Asia, but they are hindered by inadequate access to finance, particularly from large banks. However, the Malaysia Institute for Supply Chain Innovation (MISI) has developed a framework for helping banks to tap into this vast market.
Analyst Insight: The awareness of supply chain finance (SCF) in emerging markets is growing. Most recently, foreign importers of goods manufactured in emerging markets, procure-to-pay software providers and financial institutions have been driving increased activity globally. Companies in emerging markets, especially in the small and medium-sized segment, stand to achieve business gains with better understanding of their end-to-end financial supply chains and proper application of available SCF strategies and solutions.
- Viktoria Sadlovska, managing director and CRO, Prameya Research
Inttra, provider of an independent platform for booking and managing ocean freight, has created what it says is the industry's first standardized electronic bill of lading.
