News / SMEs must go digital or they will lose the chance to access finance

With supply chain costs soaring, cash-strapped SMEs can gain easier access to trade finance and do more business “if they use digital forwarders”.

According to Allianz Global Investors, demand for trade finance has been accelerating since the Covid-crisis triggered widespread supply chain delays and disruption, noting “a higher level of working capital is required to operate in today’s environment”.

Allianz added: “Broad-based inflation has increased input costs and the capital required to purchase and carry inventory. The bottlenecks in global shipping and ...