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Highland bank chase12/6/2023 ![]() Hey, do I get to take this home? Oh, cool. Because just like this, it's not one size fits all. We get to know your business, your objectives, and together we find a solution that's right for you. We have all kinds of innovative digital solutions to help improve your working capital and cashflow, so we can help you overcome whatever the world throws at you. We've been doing it for more than a hundred years. Trade finance today is challenging and always moving and that's where JP Morgan thrives. Of course, the kicker is once the retailers got all these hoodies in stock, people started returning to the office and demand changed from this wool to this wool. It gets the supplier paid early and gives the manufacturer more time to pay, closing the working capital gap for both parties. One tailor-made solution to this problem is supply chain finance. The price of raw goods fluctuates week after week. They also have no idea when they'll get paid back because items may be backordered. Oftentimes the manufacturer doesn't have the cash to pay the supplier upfront. And that's where trade finance can get tricky. Lots of different suppliers, lots of different timelines. They couldn't get the inventory fast enough. So retailers try to quickly procure large amounts of inventory, impacting their cashflow. In the pandemic, we didn't have casual Friday. A use case single-handedly dominated our lives just a few years ago, the hoodie. We also have some things that make trade finance even more complex. ![]() And sure, we've had some amazing advances in technology to make that trading easier. The entire world is your neighboring region. This tablet is essentially a letter of credit, a promise of payment. Merchants issued the very first promissory notes on clay tablets like this one. In fact, they've also unearthed some of the earliest examples of trade finance. Archeologists have found wool and other textiles dating back to the earliest civilizations, like here in Mesopotamia. It's been traded for thousands and thousands of years. So let me break it down into something a bit more digestible. In fact, these days it can be incredibly complex. Please enter a valid search, no special characters allowed.
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