At the recent eWorld event, the panel discussion on Supply Chain Finance was one of the highlights, with some illuminating discussion. It was chaired by Sandy Kemper, CEO of C2FO (sweatshirt and jeans), and also featured Mark Perera of Procurement Leaders and Old Street Labs fame (jacket but no tie), Rene Chinnery, Head of Supply Chain Finance (SCF) from Lloyds Bank (suit and tie), and Tim Armstrong from KPMG.
I felt sorry for Chinnery actually – talk about the lamb to the slaughter. He made his points well, but it is hard to see that the traditional banks will have any significant role in the new world of supply chain finance. They don’t have the technology, they don’t have the innovation, and their cost structures suggest they are unlikely to provide finance at competitive rates once the market for sources of finance expands and becomes more competitive.
Read the full article from Spend Matters by Peter Smith
