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Why fintech is the next supply chain frontier - Bessemer Venture Partners

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The package you were expecting might be delayed—again. The Red Sea crisis, which has been punctuated by ongoing attacks on commercial shipping containers, has had downstream effects on global supply chains—in part because 30% of the world’s container traffic moves through the Suez Canal. And that’s just one example of a major supply chain disruption. Global supply chain disruptions are commonplace today, whether driven by the COVID-19 pandemic, freight price volatility, crumbling infrastructure, or drought conditions in the Panama Canal. These cascading crises have forced businesses to rethink their supply chains and find more sustainable ways to procure materials and manage shipping operations. Over the past few years, businesses and logistics providers alike have been rocked by supply chain disruptions. These developments have put into stark relief the outdated systems and processes that manufacturers, distributors, carriers, third-party logistics (3PLs), and shippers use to manage t

Jump around Why AI-powered fintech is the next supply chain frontier Six challenges with supply chain transactions Opportunities in the supply chain fintech ecosystem 1. Software for analyzing procurement data and automating financial workflows 2. Faster and more streamlined payments for suppliers and carriers 3. Solving the working capital gap Mapping the market Freight pricing, procurement, and payments Fine avoidance and compliance Distributor software SaaS-enabled supply chain finance End-to-end shipper financial services Looking ahead to a robust intelligent fintech layer Contributors Mik

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