The disruptive impact of the global pandemic and the subsequent lockdown period have disrupted the world health plan and produced an economic emergency that has increasingly prompted companies to reassess the strategic importance of their supply chains.
This tool, made up of various elements that enable companies to provide a product or service to meet the needs of the end customer, has been affected by supply chain disruptions (with more or less serious effects, depending on the resilience and adaptability of business systems) which have made and are making it increasingly necessary to speed up the process of creating even more innovative solutions to guarantee and improve the sustainability of the supply chain, including from a financial point of view.
Indeed, supply chains themselves are composed of a very large percentage of SMEs (essential parts of the supply chains of large companies) which, during the global pandemic, suffered the hardest setback, with failure rates skyrocketing.
Chains that were highly dependent on a country or group of suppliers suffered greatly from the situation, unlike those linked to companies that were able, as the case may be, to redistribute supply, reducing the backlash on their own production and market.
But the real key is the digitisation process which, accelerated by the pandemic crisis, has led companies to develop new business models, not only to overcome the global emergency, but to increasingly strengthen the supply chain, increase resilience and sustainability, and gain a strategic advantage in the international market.
The benefits of digitising the supply chain are manifold and range from a better customer experience (in terms of delivery forecasts, on-time delivery, etc.) to operational efficiency and the possibility of redesigning the business model to save costs.
In response to the pandemic crisis of the supply chain and its increasingly pronounced digitalization, TXT Working Capital Solutions has developed the innovative Polaris solution, a digital platform that has been designed and developed precisely to dynamically and centrally manage Supply Chain Finance programs and incentivize collaboration between buyers, suppliers and financial partners. A tool in the hands of client companies to initiate strategic management of supply chain finance issues.
The objective? To minimise the risk for the supply chain by creating the most suitable conditions for financial sustainability and stability.
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