Quantifying the efficiency gains from automating processes
Tradeshift CEO Christian Lanng recently sat down with a panel of industry experts at The Economist’s Global Trade Virtual Week to talk about the new generation of digitized financing mechanisms that are helping the world recover from the pandemic.
One of the topics that came up was the inequity between the way that buyers treat large and small suppliers in their chain. Whereas larger suppliers have no problems getting supply chain financing because their buyers share data with the banks giving the loans, smaller suppliers rarely get this treatment and therefore struggle to get good terms on supply chain finance. “It’s not so much democratizing supply chain finance,” Christian pointed out. “It’s about democratizing the data.”