Issue 09 . Apr 2019
A global view on supply chain volumes shows that most (65.8%) come from cross border sales orders rather than domestic orders, and recent forecasts expected a growth of 1.1%. Leading markets are Hong Kong and Singapore each having over 90% of their supply chain volume in cross border sale orders, and closely following are Germany and the UK each with over 70%. China had the smallest volume with cross-border markets amount to 36.1% indicating its autarky in today’s globalised world. In collaboration with ICC United Kingdom and East & Partners, Trade Finance Global released its whitepaper at the ICC Beijing Annual Conference: State of the Supply Chain Finance Market 2019, focussing on the UK – China trade corridor.
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