The continuing expansion of cross-border trade, including south-south trade, is resulting in increasing corporate competition, more complex supply chains and new business dynamics. While the end goal for global finance directors remains the same – optimising profit and liquidity while mitigating risk – many are realising that looking purely to improve working capital efficiency is no longer enough. Frank-Oliver Wolf, Global Head of Cash Management & International Business at Commerzbank AG, explains why the companies that will be most successful are those that adopt a holistic view to Financial Supply Chain Management (FSCM) and recognise the interconnectedness of the supply chain, as well as the linked fortunes of each participant
