With Covid-19 having wreaked havoc on global supply chains at breakneck speed, taking manpower that kept them moving out into lockdown and quarantines, what does this mean for the financing programmes that support them?
Join Michael Dietz (Deutsche Bank), John Bugeja (Trade Advisory Network), Parvaiz Dalal (Citibank) and Enrico Camerinelli (Aité Group) as they join Trade Finance TV Presenter Clarissa Dann the working from home Lockdown studios to discuss why this pandemic is different from previous shock scenarios, how corporates are coping, and how payables finance programmes are stepping up to keep supplies moving.
“Trust plays a bit role and corporates do want to know what can be done to safeguard their business,” says Dietz, who with Dalal, points out that banks are using their global networks and trade finance product offerings to fulfil the needs of society in these difficult times. Procurement/supplier behaviour is changing, says Camerinelli, to protect supply chains rather than prioritise just-in-time sourcing, but, adds Bugeja, the smaller Tier 2 and 3 businesses with the least financial power still have most of the risk and usually all the stock – as it doesn’t generate an invoice until the buyer picks the stock. Such companies with weak finances could be sitting on “masses of stock on the wrong side of the world with no cash and no sales, he says.
Tune in to hear more from this thought-provoking panel!
- Michael Dietz, Global Head of Trade Finance Flow, Deutsche Bank
- Parvaiz Dalal, EMEA Head, Working Capital Finance, CITI
- Enrico Camerinelli, Senior Analyst, Aité Group
- John Bugeja, Co-Founder, Trade Advisory Network
- Clarissa Dann, Presenter, Trade Finance TV