https://www.scmp.com/rss/511254/feed Bob Sternfels is global managing partner of McKinsey & Company. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Goods and services move around the world through the work of ships, trucks, planes, bytes and money. The US$5.2 trillion global trade finance system is as essential as the container or the data server to facilitate global trade. But it doesn’t always work as well as it could. According to the Asian Development Bank, the trade financing gap reached US$1.7 trillion in 2020, up 15 per cent from 2018. As a percentage of the global goods trade, the gap grew from 8 per cent in 2018 to 10 per cent in... https://www.scmp.com/comment/opinion/article/3157042/how-small-firms-will-benefit-simpler-integrated-trade-finance?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3157042/how-small-firms-will-benefit-simpler-integrated-trade-finance?utm_source=rss_feed Wed, 24 Nov 2021 06:30:16 +0000