(28 March 2022 – Asia) HSBC partnered with East and Partners to speak to over 400 financial decision markers from organisations across nine markets in Asia Pacific on how supply chains and working capital strategies in Asia are being reshaped, and how corporates are incorporating digitisation and sustainability into their supply chain management priorities.
89 percent of the responses originated from Corporate Treasurers and CFOs in the region, with 80 percent of the responses coming from Hong Kong SAR, India, Japan, mainland China, and Singapore. 77 percent of corporates are using traditional trade finance to fund their supply chains in Asia Pacific, 76 percent are expecting to increase levels of digitisation across their supply chains and 33 percent have environmental policies in place across their supply chains.
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“Under the pandemic, corporates have been looking for more efficient working capital solutions and digitisation for the supply chains. They are looking to the banks to provide this in a seamless and cost-efficient manner” commented HSBC Asia Pacific Regional Head of Global Trade and Receivables Finance, Ajay Sharma.