Print section Print Rubric: Technology is reshaping the financing of firms that sell to other firms, and leading banks into new alliances Print Headline: The missing link Print Fly Title: Supply-chain finance UK Only Article: standard article Issue: China’s Xi Jinping has more clout than Donald Trump. The world should be wary Fly Title: The missing link Main image: 20171014_FNP001_0.jpg IN 2015 Kiddyum, a small company from Manchester that provides frozen ready-meals for children, won a contract from Sainsbury’s, a big British supermarket chain. Jayne Hynes, the founder, was delighted. But sudden success might have choked Kiddyum’s cashflow. Sainsbury’s pays its suppliers in 60 days; Ms Hynes must pay hers in only 30. In fact Kiddyum gets its cash within a few days. Once approved by Sainsbury’s, its invoices are loaded onto the supermarket’s supply-chain ...
from Banking Services http://www.economist.com/news/finance-and-economics/21730150-squeezed-suppliers-and-big-corporate-buyers-stand-benefit-technology?fsrc=rss
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