The just-concluded talks on reviving the Trans-Pacific Partnership have repercussions for international trade, particularly in the absence of the US as a TPP member.
Asia Pacific economies are showing strong economic growth but a record number of companies have seen delayed payments.
Late payments were experienced by 64% of companies in 2016, a recent Coface report found.
While offering a range of benefits, smart contracts also present users with major challenges and won’t fix inefficiencies in a company’s supply chain.
The western Canada utility has partnered with SAP Ariba in eliminating inefficiencies from its supply chain.
Traditional banks and fintechs are in a “summer of love” period, the year of reciprocity, of mutual respect and joint ventures.
With four hikes since late 2015 - three of them in the past six months - US interest rates are moving higher in line with a strengthening economy. However, for many American corporates the trend has raised concerns over their working capital management.
The business network held its latest three-day event this week in Prague, which highlighted how swiftly the process is being transformed.
Already an established event in Europe, this month has seen the first Supply Chain Finance Community Forum Asia bring together treasurers, procurement directors, banks, tech vendors and academics in Singapore.
The new rules are reported to centre on a new class of “simple, transparent and standardised” products.