In the United States, consumer credit card debt has surpassed the $1 trillion mark, leading to growing concerns about credit insecurity among both consumers and providers. Supply Chain Finance should be on point. A study revealed that consumers facing credit accessibility challenges due to high debt and overdrafts often found themselves in financially precarious situations, resulting in damaged credit scores, difficulties with interest payments, and the necessity to resort to additional loans to cover debt repayment.
Tags: Supply Chain Finance , Trade financing,
