March 30, 2023 The global pandemic revealed startling weaknesses in our supply chains, and then Russia’s unprovoked invasion of Ukraine further illustrated the need for greater supply chain resilience across the globe. One issue is that many buyers still utilize time-consuming, unpredictable, and inefficient payment practices. This causes significant friction and weakens the relationships on which resilient supply chains are built. Supply chain finance usually means invoice discounting or factoring. But suppliers — particularly smaller ones — often need money …
