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Archive » January 2021 » Supply Chain Finance, Reverse factoring and firms’ liquidity after Covid-19 crisis

Supply Chain Finance, Reverse factoring and firms’ liquidity after Covid-19 crisis

Francesca Querci
January 2021 - n. 1
Keywords: Supply Chain Finance, Reverse factoring, globalizzazione, pandemia
Jel codes: G21, G28, F60, I10

In an ecosystem of commercial exchanges characterized by a progressive lengthening of value chains at a global level, more and more sophisticated techniques of Supply Chain Finance (Scf) are spreading, capable of improving the companies’ working capital positions. This paper offers an overview of these solutions and the main market players, dedicating a specific study to Reverse factoring, one of Scf ’s emerging schemes. The advantages for the actors involved are analyzed, as well as the critical aspects that may limit the spread of these techniques. The work also highlights that the economic crisis as a consequence of the pandemic has significantly involved the Scf sector. Given the systemic nature of the crisis, economic recovery can only go through an institutional response, partly already implemented, expanding interventions in favor of company liquidity and reducing obstacles to receivables financing.

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