Deutsche Bank’s Christian Hausherr appointed Chair of the Global Supply Chain Finance Forum
The forum is an initiative comprising of the ICC Banking Commiss...
The Global Supply Chain Finance Forum has appointed its new Chair, Christian Hausherr.
The forum is an initiative comprising of the ICC Banking Commission, Bankers Association for Finance and Trade (BAFT), the Europe Banking Association (EBA), Factors Chain International (FCI), and the International Trade and Forfaiting Association (ITFA).
The forum, which was introduced in 2014, has appointed a Deutsche Bank’s European Product Head of Supply Chain Finance as its Chair.
“SCF is one of the fastest growing trade products, and while uptake of the Standard Definitions has been promising so far, further work is required to ensure alignment across a complex ecosystem of stakeholders involved in international supply chains,” stated Hausherr.
“Recent developments in the accounting treatment of some techniques have also underlined this need for engagement, and I am delighted to be leading this important initiative.”
The forum was established to develop, publish and champion agreed standard market definitions for Supply Chain Finance.
Hauscherr played a prominent role in drafting Standard Definitions and the Wolfsberg/ICC/BAFT Trade Finance Principles.
5 minutes with: Ivalua’s Sundar Kamak
Who are you?
My name is Sundar Kamak, I’m Head of Manufacturing Solutions at Ivalua. I’ve been with the company for around two years now, and I’m responsible for our industry solutions and our pre-sales team. Before joining Ivalua I spent almost 20 years in the source-to-pay procurement space, working for a number of providers. But I got my career started in manufacturing and supply chain, specifically in automotive and aerospace.
And what is currently taking up the majority of your professional time?
The last year I've been focused in helping organisations put together a digital transformation strategy, especially manufacturing companies, so they can continue to address some of the challenges they face due to the COVID pandemic.
The traditional approach of engineers designing their latest product then procurement going off to source no longer works
What are the biggest challenges facing your corner of supply chain?
We have a lot of clients coming from different backgrounds - aerospace, high-tech, automotive - and they’re feeling the pressure and the crunch. There’s a lack of product, lack of material availability, lack of resources, labour shortages. So, I work with the leadership in these organisations, try to understand what problems they're looking to solve and come back with Ivalua solutions that can help them address some of these challenges.
Where do the biggest opportunities lie?
If we look at manufacturing, it all comes back to procurement and supply chain being involved sooner in the process. The traditional approach of engineers designing their latest product then procurement going off to source no longer works. It’s important to treat suppliers like partners, which means you build trust, so they can participate very early on in the product design and product development process. It’s not done consistently in the manufacturing sector, but it will be key.