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The Future of Supply Chains: Why Companies are Digitizing Payments
New report underscores benefits of shifting from cash to digital payments in corporate supply chains
Drawing on data and interviews with around 40 companies and organizations, the report shows how digitizing supply chain payments is having a profound impact on global businesses, economies and individuals. For example, in Kenya, small Unilever retailers grew sales by 20 percent thanks to accessing digital working capital loans. In Bangladesh, when H&M, Marks & Spencer, Target, Li & Fung, Lindex, Debenhams and Fast Retailing partnered with HERfinance, the number of instances when a woman was unable to save dropped by almost 70 percent.
These companies’ experience underscores why digital payments are a key pillar of a strong business model, and the lessons documented in the report are designed to help other brands know how to get started.
Business Case Studies:
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McLeod Russel / MM4P ✪ Improving profitability through digital payments
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Grupo Bimbo / Visa Inc. ✪ Strengthening Mexico’s small merchants through digital payments
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Gap Inc. ✪ Increasing supply chain transparency through digital payments
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NDDB Dairy ✪ Increasing partner loyalty through digital payments
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Unilever / Mastercard ✪ Driving sales through digital working capital loans for small merchant
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BSR ✪ Increasing factory worker well-being through digital payroll