Steel producer thyssenkrupp and chemicals group BASF were among the multinationals to report on their experiences at the recent SAP Ariba Live event in Prague.
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.
A global survey by The Economist Intelligence Unit and Standard Chartered finds that nearly half the firms participating believe they will be more efficient within five years, while one in three sees them becoming longer and more complex.
The Trump administration’s swiftness in pulling the US out of the Trans-Pacific partnership is disappointing, but is offset by many more encouraging developments.
The distributed ledger platform developed by the trio allows major steps in a crude oil transaction to be digitised on the blockchain.
With Q1 2017 quickly wrapping up, Trump and Brexit have dominated the currency markets for with all eyes firmly focused on sterling and the dollar.
The software and IT services giant will leverage the technology across its cloud-based application and business networks and is teaming up with London-based fintech Everledger.
The international trade deal is described as the most significant since the formation of the World Trade Organisation in 1995.
Falling world shipping rates, which pushed Korea’s Hanjin Shipping into bankruptcy last August, have resulted in hefty bad shipping loans for Germany’s banks.