How SMEs Solve Supply Chain Issues with Business Financing
Global supply chains have been severely impacted in the last few years due to the pandemic. If that was not enough, The Russia-Ukraine war, rising freight charges, random factory closures, and a sudden increase in interest rates have only aggravated the situation. In a recent study by the National Australia Bank, 760 SMEs were surveyed about supply chain issues. 26% reported facing significant supply chain issues and 24% of the SMEs considered it to be a recurring issue in the coming months. So, how does a business struggling with supply chain disruption overcome the situation? Can they get help from supply chain finance? Let’s find out. (Source: https://www.brokernews.com.au/news/breaking-news/how-aresmes-coping-with-supply-chain-problems-281513.aspx) Can Business Financing Solve Supply Chain Issues? Technically speaking business financing cannot solve global supply chain issues. However, it can help businesses mitigate the cash flow gaps and problems that are common implications of supply chain disruptions. According to experts,