How would you comment about SCF’s development over the next five years compared to what you thought one year ago before the Brexit results and Trump being elected?


These political events are going to make free trade and global supply chains more difficult to manage, but they will not be strong enough to reverse the trend of globalisation - especially considering we also have a lot of technology developments that make this thesis irrelevant. Supply chains will remain global, the need to finance them will remain, but it will probably become more complicated. The task and opportunity for the banks is to improve the way they understand the localities and, on the other side, how good they are at connecting all the dots and making sure that supply chains function and that the financing of the supply chain keeps functioning, even if they are now more physical and economical across states.


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