글로벌 공급망 금융 시장 – 2023-2030

Overview
Global Supply Chain Finance Market reached US$ 1.5 billion in 2022 and is expected to reach US$ 4.0 billion by 2030, growing with a CAGR of 13.0% during the forecast period 2023-2030.
The supply chain finance market is growing with advanced and innovative solutions, providing transformative changes that redefine how businesses operate within their supply chains. The future will witness a surge in technology-based SCF solutions, enabling businesses to access flexible financing options and streamline payment processes across fragmented supply chains. Businesses will have a wider array of financing options to choose from, including banks, NBFCs and private players, resulting in a larger pool of invoice financing opportunities.
The growth of the supply chain finance market is evident from recent statistics and market trends. The world supply chain finance report 2022 reveals a substantial expansion in supply chain finance fund volumes between 2020 and 2021. The global volume surged by an impressive 38%, reaching US$ 1.8 trillion and the funds in use experienced a robust growth of 41%, totaling US$713 billion. The surge highlights the increasing importance of supply chain finance as a strategic financial tool for businesses globally.
Asia-Pacific is the largest region global in supply chain finance market, driven by a series of strategic initiatives and supportive policies. China's supply chain finance market has been on a remarkable growth trajectory, with significant accomplishments over the past decade. The establishment of the Commercial Factoring Expertise Committee (CFEC) underscored the industry's commitment to growth and innovation. The subsequent launch of comprehensive standards and regulations enhanced industry performance, efficiency and business outcomes in the region.
Dynamics
Technology and Innovations
The supply chain finance market is expected to be driven by new technology advances and innovations, the adoption of fintech solutions by large corporations like Apple, Colgate, Dell, P&G, Kellogg's and Siemens illustrates how technology is being leveraged to access previously untapped capital within their supply chains. Cloud-based electronic invoicing solutions like Tradeshift and NvoicePay emerged, gradually expanding their offerings to include invoice approval and financing services.
The introduction of Clear Finance Cloud, a cloud software product developed by Clear, a prominent fintech SaaS firm in India, represents a significant technological advansupply chain finance for supply chain finance. The platform enables enterprises to automate their entire finance function, from vendor onboarding to vendor payments. Clear Finance Cloud seamlessly integrates with an enterprise's core ERP systems, such as SAP oracle, Microsoft and Tally. The integration enhances the overall user experience by providing a fully integrated solution.
Growth in SMEs
The supply chain finance market growth is expected to be driven by the rise in SMEs globally, International Finance Corporation estimates that around 40% of formal micro, small and medium enterprises in developing countries face an unmet financing need of US$5.2 trillion annually. The financing challenge is particularly major in regions like Southeast Asia, Latin America and the Caribbean.
The World Bank's strategy focuses on providing advisory and lending services to enhance SMEs' access to finance, thereby contributing to the trends of supply chain solutions in SMEs'. SMEs' account for approximately 90% of businesses globally and contribute more than 50% of total employment, as the number of SMEs continues to grow, their integration into supply chains becomes more pronounced, emphasizing the need for efficient and sustainable financial solutions that support their operations and expansion.
Cybersecurity Risks Pose Challenges
The supply chain finance market is expected to be restrained by growing cybersecurity risks with increasing reliance on digital platforms and interconnected network. Supply chain attacks, which exploit trust relationships between organizations and external parties, can disrupt the flow of funds and information within the supply chain finance ecosystem. The growing digitalization of supply chain processes and the Internet of Things (IoT) integration increase the attack surface for cybercriminals.
Furthermore, companies are emerging with new solutions to encounter cybersecurity threats in the supply chain solution. For instance, Avetta, a leading provider of supply chain risk management software, has introduced its cyber risk solution to enhance cybersecurity resilience within supply chains. The new tool, integrated into the Avetta One platform, offers a quantitative assessment of cyber health in ten areas, generating an aggregate grade for each supplier. The solution includes a diagnostic cyber health check that identifies potential risk areas for further investigation.
Segment Analysis
The global supply chain finance market is segmented based on provider, offering, application, end-user and region.
SMEs Lead the Supply Chain Finance Market due to Availability of Tailored Solutions
Small and medium-sized enterprises hold the largest market share in supply chain finance solutions, driven by the need to enhance working capital management, reduce financial risks and support business growth. By facilitating early payments for suppliers through supply chain finance, SMEs can alleviate liquidity pressure, reduce financial risks and strengthen their overall financial health. The partnership between Emirates Development Bank and Trade Capital Partners demonstrates the growing recognition of the importance of supporting SMEs through tailored financial solutions.
Furthermore, the Asian Development Bank and Deutsche Bank AG collaborated on a supply chain finance transaction as part of ADB's Supply Chain Finance Program, aimed at providing financing to small and medium-sized enterprises in developing Asia. The partnership supported SME suppliers to the Landmark Group, a major retailer based in the Middle East. The program aimed to enhance SME growth and job creation by improving working capital access for suppliers located in countries such as Bangladesh, China, India, Sri Lanka and Vietnam.
Geographical Penetration
Asia-Pacific’s Rise in Supply Chain Finance Market Driven by Diverse Development Levels
Asia-Pacific is the largest region in the supply chain finance market with varied economic development levels across countries. While China stands as a leader, other countries within the region are also experiencing growth, albeit at varying rates. Other, more undeveloped countries like Uzbekistan, Kazakhstan and Kyrgyzstan are witnessing emerging supply chain finance markets, characterized by regulatory support, industry associations and nascent infrastructure.
The subsequent launch of comprehensive standards and regulations enhanced industry performance, efficiency and business outcomes. Sustained growth has been witnessed, propelling China to the forefront of the global supply chain finance market. According to World Supply Chain Finance Report, in 2021, the business volume of supply chain finance in China exceeded RMB 2 trillion, showcasing a remarkable increase of 100 times compared to the inception of the pilot project in 2012. China's supply chain finance industry has demonstrated resilience, even amidst global challenges such as the COVID-19 pandemic.
Competitive Landscape
The major global players in the market include Citibank, J.P. Morgan Chase, HSBC, Standard Chartered, Wells Fargo, Banco Santander, BNP Paribas, Deutsche Bank oracle and Taulia.
COVID-19 Impact Analysis
COVID-19 made a significant impact on the supply chain finance market with disruptions in firms and their value networks. Governments’ globally implemented lockdown measures caused both supply and demand shocks. The circumstances have resulted in economic turmoil, causing substantial disruptions in the operations of companies, their customers, suppliers and affiliated service providers such as banks and logistics companies. In response to the crisis, businesses are seeking supply chain financing solutions to stabilize their liquidity and net working capital.
In the post-COVID-19 pandemic era, supply chain financing has emerged as a crucial strategy for bolstering stability and resilience within organizations. Moreover, a sustainability-focused approach aligns with the post-pandemic landscape, with supply chain financing aiding in eco-friendly strategies by reducing paper usage through digitization. As technologies like IoT, ML and AI emerge, their intervention in supply chain financing holds promise, enhancing transparency, efficiency, due diligence and responsiveness throughout the ecosystem.
Russia-Ukraine War Impact
The Russia-Ukraine war has had a profound impact on global supply chain financing, triggering disruptions and challenges across various sectors. The conflict's influence on logistics and supply chains has been marked by rising commodity prices, supply chain disruptions, port closures and increased freight charges. The conflict's repercussions have resulted in a complex interplay of factors affecting supply chain operations, including food supply shortages, price surges and disruptions in energy-intensive sectors.
The conflict's influence extends to both the formal and informal sectors of the economies, with implications for self-employment and registered SMEs. The war also influenced European Union (EU) sanctions on Russia, which contributed to further declines in entrepreneurial activity. The findings challenge the conventional belief that conflict spurs entrepreneurship and shed light on the differing impacts on GDP recovery.
By Provider
• Banks
• Trade Finance Houses
• Others
By Offering
• Letter of Credit
• Export and Import Bills
• Performance Bonds
• Shipping Guarantees
• Others
By Application
• Domestic
• International
By End-User
• Large Enterprises
• Small and Medium-sized Enterprises
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Russia
o Rest of Europe
• South America
o Brazil
o Argentina
o Rest of South America
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• In March 2023, Energy Company Eni has introduced a Sustainable Supply Chain Finance Program aimed at promoting sustainable development within its energy supply chain. Through this initiative, Eni's suppliers are given the opportunity to request advanced payment of invoices if they commit to sustainable development practices. Eni's digital platform, Open-es, facilitates supplier participation by focusing on environmental, social and governance (ESG) performance improvement
• In August 2023, Emirates Development Bank and Trade Capital Partners have joined forces to introduce supply chain finance and working capital solutions for Small and Medium-sized Enterprises in UAE. By leveraging the expertise of EDB and the platform provided by Trade Capital Partners, the partnership aims to extend financing solutions to a broader range of businesses, aligning with UAE's emphasis on supporting SME growth and fostering innovation. The partnership with EDB will offer substantial support to this ecosystem and provide trade finance alternatives that can contribute to the expansion of these growing businesses.
• In March 2022, IBSFINtech, a provider of treasury, risk and trade finance management solutions, introduced an AI-powered Software-as-a-Service (SaaS) platform named VNDZY, focused on supply chain finance. The platform serves as an integrated solution to address the challenges faced by corporations, suppliers and financial institutions in the supply chain ecosystem.
Why Purchase the Report?
• To visualize the global supply chain finance market segmentation based on provider, offering, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of supply chain finance market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global supply chain finance market report would provide approximately 69 tables, 67 figures and 215 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies