Supply Chain Finance: Outlook 2021

and Trends 2022

The pandemic has drastically re-modelled the consumption patterns across
industries worldwide. From sourcing raw materials to end consumer supply, the
value chain has been disrupted coherently in the past few years. However,
businesses have been relentlessly transforming their operations and adapting to
the technological revolution in this pivot or perish environment. Industries
across the globe are now nurturing the digital boom and supply chain finance,
stands as no exception.

The sector has been undergoing massive acceleration with the onset of
advanced technology and innovation.

Supply chain finance volumes have grown significantly in recent years, reaching
a total value of $1.31 trillion in 2020, as per the World Supply Chain Finance
Report, published BCR. The Supply Chain Financing market is expected to grow
at a CAGR of 17.1%, with an incremental spend of about USD 82.75 Billion, by
2024. Furthermore, while the global revenue pool for supply chain finance grew
approximately 7% year over year in the first half of 2021, the total industry
revenue, according to BCG, is expected to reach $11 billion in 2030.

Moreover, on the supply side, North America, South America, Europe, the
Middle East, and Africa, and APAC is expected to have the maximum influence
owing to the diverse supplier base. While the industry is expected to accelerate
at a great pace in the coming y