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Supply Chain Finance Industry Report 2024

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DUBLIN, March 6, 2024 /PRNewswire/ — The “Supply Chain Finance Market – Global Industry Size, Share, Trends, Opportunity, & Forecast 2019-2029” report has been added to  ResearchAndMarkets.com’s offering.

The Global Supply Chain Finance Market was valued at USD 5.7 billion in 2023 and is anticipated to grow with a CAGR of 8.7% through 2029, reaching USD 9.4 billion.

The growth of the market is driven by several factors, including favorable policies, the financing needs of small and medium-sized enterprises (SMEs), and the increasing complexity of global supply chains. The emergence of complex and diverse supply chains globally has led to an increase in the number of suppliers, which has created a need for financing optimization for enterprises.

The rise of economic nationalism, the global financial crisis of 2008, and the Covid-19 pandemic have exposed weaknesses in global supply chains, which have triggered a rise in research on supply chain finance. The adoption of advanced technologies, such as blockchain initiatives and technology platforms, has also contributed to the growth of the market.

Additionally, the increasing emphasis on sustainable sourcing is one of the key drivers of this growth. The market is expected to witness significant adoption of strategies that provide differentiated and innovative solutions to suppliers that require liquidity and working capital.

Key Market Drivers

The Efficiency Imperative

In today’s hyper-competitive landscape, streamlining operations is paramount. SCF cuts through the fat of traditional financing channels, directly connecting buyers and suppliers. Buyers leverage their stronger credit to secure discounted early payment options for their suppliers, while suppliers bypass lengthy application processes and enjoy immediate access to cash. This expedites payments, reduces transaction costs, and optimizes working capital for both parties, propelling them towards leaner, more efficient operations.

Risk Mitigation Symphony

The global supply chain is a delicate ecosystem, susceptible to disruptions from volatile markets, geopolitical shifts, and unforeseen events. SCF injects stability into this equation. Early payment reduces supplier’s reliance on external borrowings, mitigating their exposure to interest rate fluctuations and credit tightening. For buyers, the ability to pre-finance critical materials and components acts as a buffer against potential supply chain shocks, ensuring continuous production and smooth delivery schedules. This risk-mitigating aspect makes SCF a harmonious note in the concerto of supply chain resilience.

The Supplier Empowerment Chord

SCF is not just about financial optimization; it’s about building stronger relationships within the supply chain ecosystem. By offering early payment options, buyers demonstrate their commitment to their suppliers, fostering trust and loyalty. This translates into improved communication, collaborative problem-solving, and enhanced quality control. Suppliers, empowered by the financial boost, experience increased growth opportunities and reinvestment potential, becoming more reliable partners in the chain. This collaborative spirit strengthens the entire supply chain ecosystem, creating a harmonious chord of mutual benefit.

The Technological Crescendo

As technology disrupts established paradigms, SCF embraces the revolution. Innovative platforms automate manual processes, integrate SCF solutions with existing enterprise resource planning systems, and leverage data analytics to provide real-time insights into cash flow and risk exposure. This data-driven approach allows for dynamic adjustments, customized solutions, and proactive risk management, making SCF a technologically-driven crescendo in the supply chain symphony.

The Global Expansion Chorus

The melody of SCF is resonating across continents. While regions like Asia-Pacific, with its burgeoning economies and complex supply chains, are leading the charge, the chorus is steadily catching on in Europe and North America. Factors like increasing trade volumes, growing awareness of SCF benefits, and supportive government initiatives are fostering adoption across diverse industries, from automotive and electronics to agriculture and pharmaceuticals. This global expansion ensures that the SCF movement will continue to play a vital role in the seamless flow of goods and services around the world.

Key Market Challenges

The Onboarding Enigma

Integrating SCF into existing financial systems and convincing diverse supply chain participants to adopt it can be a herculean task. Smaller suppliers, often lacking the technological infrastructure or financial literacy, may hesitate to navigate the unfamiliar terrain. Additionally, aligning the interests of all stakeholders – buyers, suppliers, and financial institutions – can be a complex undertaking, requiring careful negotiation and customized solutions. Addressing onboarding challenges necessitates collaborative efforts from industry leaders, technology providers, and financial institutions to develop user-friendly solutions, conduct targeted education programs, and incentivize participation for all parties involved.

The Transparency Tango

The intricate network of relationships within a supply chain often suffers from a lack of transparency. Access to accurate and real-time data on inventory levels, payment statuses, and potential risks is crucial for efficient SCF implementation. However, concerns about data privacy and intellectual property sharing can create stumbling blocks in establishing trust and open communication. Implementing secure data platforms, adopting standardized data formats, and fostering a culture of collaboration are essential steps in mitigating this challenge and unlocking the full potential of SCF’s risk mitigation and optimization capabilities.

The Regulatory Rhapsody

The global nature of supply chains exposes them to a patchwork of regulations and legal frameworks. Navigating these complexities can be daunting for both buyers and suppliers, especially when cross-border transactions are involved. Differing accounting standards, tax regimes, and compliance requirements can create friction and hinder widespread adoption. Harmonizing regulations across jurisdictions, developing clear legal frameworks specific to SCF transactions, and providing readily accessible guidance for businesses remain crucial steps towards overcoming this challenge and ensuring smooth implementation of SCF across borders.

The Technological Time Signature

While technology unlocks immense potential for SCF, it also presents its own set of challenges. Integrating SCF platforms with existing enterprise resource planning systems requires expertise and investment, which can be a barrier for smaller players. Additionally, cybersecurity risks associated with handling sensitive financial data necessitate robust security measures and ongoing vigilance. 

Key Market Trends

The Democratization Crescendo

As the barriers to entry crumble, SCF’s melody is reaching previously unheard corners. Fintech platforms are democratizing access by developing user-friendly, cloud-based solutions, catering especially to smaller suppliers who were once isolated from this financial harmony. Furthermore, alternative financing models like blockchain-based platforms and peer-to-peer lending are emerging, offering flexible and cost-effective options for all players in the supply chain. This democratization, like a rising crescendo, will ensure that the benefits of SCF are no longer a privilege of the few, but a readily available instrument for growth and resilience for all.

The Collaborative Canon

The traditional soloist act of managing cash flow is giving way to a collaborative canon within the supply chain. Buyers and suppliers are increasingly recognizing the power of working together. Buyer-driven inventory financing models, where suppliers receive funding based on actual customer demand, are fostering closer collaboration and optimizing inventory levels. Additionally, data-driven platforms are enabling real-time visibility into financial information across the chain, creating an environment of trust and shared responsibility. This collaborative spirit, like a harmonious canon, will unlock new levels of efficiency and risk mitigation, strengthening the entire supply chain ecosystem.

The Sustainability Sonata

The melody of SCF is now echoing with the notes of sustainability. Green SCF solutions are emerging, offering financing specifically for environmentally friendly initiatives like renewable energy projects or sustainable sourcing practices. These solutions incentivize green practices within the supply chain, reducing carbon footprint and promoting resource efficiency. Furthermore, SCF can be used to support ethical sourcing practices by ensuring fair wages and responsible working conditions for suppliers, creating a more sustainable and equitable global community. This sustainability sonata, like a beautiful counterpoint, adds a dimension of social responsibility to the SCF movement.

The Technological Fugue

The technological revolution continues to play a pivotal role in the SCF narrative. Artificial intelligence (AI) is being utilized to analyze vast amounts of data, predict cash flow needs, and automate tasks, further optimizing the flow of funds. Blockchain technology, with its secure and transparent ledger system, is enhancing trust and visibility in cross-border transactions, making SCF a viable option for increasingly globalized supply chains. This technological fugue, where different elements weave together seamlessly, promises to further streamline processes, reduce costs, and unlock new possibilities for SCF implementation.

The Regulatory Ritornello

As SCF’s global footprint expands, the need for a harmonized regulatory framework becomes increasingly vital. Governments and industry leaders are collaborating to develop standardized regulations and legal frameworks specific to SCF transactions. This includes tackling issues like cross-border data privacy, tax implications, and dispute resolution mechanisms. By addressing these regulatory roadblocks, the SCF narrative will avoid dissonance and maintain a clear rhythm of growth and adoption across geographies.

The Personalization Presto

The one-size-fits-all approach is fading away in the realm of SCF. Financial institutions and technology providers are recognizing the need for flexible and customizable solutions tailored to the specific needs of different industries, company sizes, and geographic locations. This personalization presto, like a dynamic flourish, ensures that the melody of SCF resonates with each participant, offering them the tailored solutions they need to thrive in the ever-evolving global market.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global Supply Chain Finance market.

Royal Bank of Scotland plcMitsubishi UFJ Financial Group, Inc.BANK OF AMERICA CORPORATIONHSBC GroupEulers HermsCitigroup, Inc.BNP ParibasJPMORGAN CHASE & CO.Asian Development BankStandard Chartered

Report Scope

Supply Chain Finance Market, By Offering:

Export and Import BillsLetter of CreditPerformance BondsShipping GuaranteesOthers

Supply Chain Finance Market, By Provider:

BanksTrade Finance HouseOthers

Supply Chain Finance Market, By End User:

Large EnterprisesSmall and Medium-sized Enterprises

Supply Chain Finance Market, By Region:

North AmericaUnited StatesCanadaMexicoEuropeFranceUnited KingdomItalyGermanySpainAsia-PacificChinaIndiaJapanAustraliaSouth KoreaSouth AmericaBrazilArgentinaColombiaMiddle East & AfricaSouth AfricaSaudi ArabiaUAETurkeyEgypt

For more information about this report visit https://www.researchandmarkets.com/r/qggwkm

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Earth’s pulse monitored: a review highlights remote sensing time series progress

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December 22, 2024

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As urbanization accelerates and environmental dynamics shift, the need for accurate and timely terrestrial monitoring has never been more urgent. A review has introduced a novel approach to remote sensing time series analysis, integrating multi-source data to enable near real-time monitoring. This innovative methodology promises to transform environmental conservation and urban planning by providing unprecedented insights into terrestrial changes and offering a more precise understanding of environmental dynamics.

GUANGZHOU, China, Dec. 22, 2024 /PRNewswire-PRWeb/ — An international team of researchers from South China Normal University, the University of Connecticut, and the Chinese Academy of Sciences has made a significant breakthrough in remote sensing. Their review, published (DOI: 10.34133/remotesensing.0285) in the Journal of Remote Sensing on December 11, 2024, addresses key challenges in remote sensing, such as incomplete data and noise interference. The team’s new time series analysis technique leverages advanced data reconstruction and fusion methods, significantly enhancing the precision and efficiency of remote sensing for monitoring environmental changes.

The research team has developed an advanced time series analysis technique that combines deep learning algorithms with traditional remote sensing methods to integrate data from various remote sensing sources. This innovative approach allows for the extraction of subtle patterns from large, complex datasets, which is crucial for monitoring critical environmental parameters such as land use and vegetation health. Unlike conventional techniques that struggle with incomplete or noisy data, this new methodology offers enhanced accuracy and more reliable insights into terrestrial dynamics, paving the way for more effective environmental monitoring.

Central to the study’s success is the integration of Long Short-Term Memory (LSTM) networks and Generative Adversarial Networks (GANs) to address the challenges posed by missing or noisy data. The LSTM networks capture temporal trends over time, while the GANs generate synthetic data that mimics real-world observations to fill gaps and correct for atmospheric distortions. This dual approach has resulted in a cleaner, more accurate time series dataset, which was validated against independent ground truth measurements. The researchers demonstrated significant improvements in key vegetation indices, such as the Normalized Difference Vegetation Index (NDVI), setting a new benchmark in the field of remote sensing.

Experts in the field have lauded the study’s potential to revolutionize remote sensing applications. They see the method as a transformative tool for enhancing high-resolution monitoring and extending its coverage, particularly in agricultural surveillance, urban planning, and environmental management. “This method represents a crucial advancement in our ability to monitor environmental changes,” says Professor Fu. “As it evolves, it could play a key role in addressing climate change and other global challenges.”

The methodology’s future applications are vast, especially in global environmental monitoring and supporting sustainable development goals. By integrating multi-temporal data from Landsat and Sentinel-2 satellites, the team has created a framework for accurate and continuous terrestrial analysis. As computational power advances and algorithms improve, this technology is expected to become a vital tool for natural resource management, disaster response, and climate change mitigation. In the years to come, it could provide critical data to help policymakers address pressing environmental issues on a global scale.

References

DOI

10.34133/remotesensing.0285

Oiginal Source URL

https://doi.org/10.34133/remotesensing.0285

Funding information

This work was supported by the National Nature Science Foundation of China (grant numbers 42425001 and 42071399).

About Journal of Remote Sensing

The Journal of Remote Sensing, an online-only Open Access journal published in association with AIR-CAS, promotes the theory, science, and technology of remote sensing, as well as interdisciplinary research within earth and information science.

Media Contact

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ZINZINO AB (PUBL.): ENTERS INTO AGREEMENT TO PROVIDE DIP FINANCING TO ZURVITA INITIATING CHAPTER 11 PROCESS

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December 22, 2024

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GOTHENBURG, Sweden, Dec. 22, 2024 /PRNewswire/ — Zinzino has in a press release dated 20240617 announced that a letter of intent to acquire 100% of the shares in the North American direct selling company Zurvita Inc. “Zurvita or the Company” was signed. Since then, Zinzino has negotiated with the owners of Zurvita Inc. and instead concluded that the purchase of Zurvita’s assets in a Chapter 11 proceeding for the Company is in Zinzino’s best interest.

Zinzino is providing a debtor-in-possession (DIP) financing to Zurvita, which filed for Chapter 11 bankruptcy proceedings on the 20th December 2024. By entering as a financier in Zurvita’s Chapter 11 with loans totaling USD 4.5 million, Zinzino simultaneously makes an offer to acquire the company’s assets via a so-called stalking horse bid. If the bid is accepted, the DIP loan will be converted into part of a debt-settled purchase price, which will be determined after Zurvita has completed the sale process that is subject to higher and better offers in accordance with the applicable terms of Chapter 11. Other bidders have the right to submit bids for Zurvita during the process and if another bid is accepted, Zinzino’s loan will be repaid and certain of its costs associated with the process will be reimbursed. 

Zurvita is a direct selling health company with operations in the United States, Canada and Mexico. The brand portfolio offers a range of innovative health and wellness products. The business has total annual sales of approximately USD 30 million with good gross margins. A potential transaction with Zinzino is expected to add growth through the synergies arising from the joint networks, combined with Zinzino’s test-based product concept. The profitability of the Company will thus be able to develop well by utilizing Zinzino’s existing technical platform and organization.

A visionary mindset, tech first perspective, test-based nutrition at the cellular level and a strong position to capitalize on current trends will form the basis of the new partnership. Following the acquisitions of VMA Life in 2020, Enhanzz in 2022, the strategic partnership with ACN and the recently completed asset acquisition of Xelliss, Zinzino has been looking for further strong investments to maintain its sustainable, profitable growth, strengthen its distribution power, expand into new markets and leverage the product portfolio in new consumer areas.

– “Individualized advice and tailored solutions are the future, and not just in health and wellness,” says Dag Bergheim Pettersen, CEO of Zinzino. “Together, we have years of combined industry experience and everything it takes to drive the modern, personalized shopping experience through direct sales”. Jay Shafer, CEO and co-founder of Zurvita, states “After considering multiple options for the company and under the guidance of our attorneys and third-party advisors, we feel this presents the best opportunity to continue Zurvita’s mission, deliver the highest quality products, and provide continuity for our staff and consultants. We are excited to see what the future holds for Zurvita.” 

For more information:
Dag Bergheim Pettersen CEO Zinzino +47 (0) 932 25 700, www.zinzino.com

Pictures for publication free of charge:
marketing@zinzino.com

Certified Adviser:
Carnegie Investment Bank AB (publ.)

Zinzino AB (publ.) is obliged to publish this information in compliance with current EU regulations governing market abuse. The information was provided by the above contact person for publication at 20.00 on the 21st of December 2024.

This information was brought to you by Cision http://news.cision.com

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Meet With Culture: Exquisite Craftsmanship of Traditional Chinese Architecture

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December 22, 2024

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BEIJING, Dec. 22, 2024 /PRNewswire/ — The Temple of Agriculture in Beijing played a significant role during the Ming (1368-1644) and Qing (1644-1911) dynasties. Over nearly 600 years, 25 emperors personally visited or sent ministers to perform spring farming ceremonies and offer sacrifices to Shennong, the god of agriculture.

 

Built in 1420 during the Yongle reign, the temple’s predecessor was the Temple of Mountains and Rivers in Nanjing. When Emperor Zhu Di moved the Ming capital to Beijing, he constructed a larger temple inspired by the Nanjing temple, which gradually evolved into the Temple of Agriculture.

The Taisui Hall, the largest building complex in the temple, now serves as a major exhibition hall of the Beijing Ancient Architecture Museum, showcasing models of classical Chinese buildings and demonstrating the solemnity of royal architecture.

Ancient Chinese architecture is predominantly wooden-structured, chosen for its availability, versatility, and earthquake resistance. Artisans developed sophisticated techniques in material selection and construction. The wooden framework consists of columns, beams, girders, and purlins, with innovative structural forms like lifting-beam and piercing-bracket structures.

A unique architectural element is the dougong (bracket sets), which supports weight and connects beam frames with column walls. Mortise-tenon joints were invented to create elastic frameworks by connecting different components.

While discussing the Temple of Agriculture, it’s worth noting another remarkable example of architectural hierarchy which could be found in the Temple of Heaven. The hierarchy of architectural designs reflected social stratification, with eave structures like the triple-layered eaves of the Hall of Prayer for Good Harvest representing the highest-level architectural design.

Over centuries, the Temple of Agriculture has transformed from an imperial garden to a public park and a museum for historical architecture, now standing as a significant cultural landmark that symbolizes China’s agricultural civilization and architectural heritage along Beijing’s Central Axis.

Quickly join Alexandre to study and explore the traditional Chinese architecture.
https://youtu.be/YpA03WiZ9Wc

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