INTERNATIONAL. Standard Chartered today announced the launch of ‘Standard Chartered China: The Guide to Supply Chain Management and Logistics 2006/2007', to promote best industry practices and share the Bank’s expertise in the China supply chain and logistics industry.
Standard Chartered has been in China since 1858 and currently has one of the largest foreign owned banking networks in the country. Globally, the Bank has trade customers in 39 countries with the majority of transactions being conducted cross border. With the introduction of supplier and buyer financing, supply chain deals in China have doubled from 2004 to 2005.
Karen Fawcett, Global Head of Transaction Banking, Standard Chartered said: “For all companies investing and working in China we envisage that the Guide will be an essential reference point and companion for doing business. This guide is a great testimonial to our trade expertise. We are a forerunner in supply chain management, especially in a key market like China, where we have a strong history and presence.”
Azeem ur Rahim, Regional Head of Transaction Banking Middle East & Pakistan, Standard Chartered added: “As a result of the growth in economy and manufacturing base, China is becoming a critical trading partner for corporates operating in Middle East and Pakistan. Given the size and depth of the economy China has become one of the major markets with excellent growth potential. More and more corporates are sourcing from China by building strategic alliances with core suppliers.
"One of the key procurement drivers for companies is to look at ways to streamline process and rationalise supplier base. This guide will be an excellent source for these companies to make strategic decisions with respect to logistics, electronic procurement and financial aspects of supply chain”.
The guide comprises 45 articles by banking supply chain financing and industry practitioners. It provides expert commentary, insight and analysis on key aspects of supply chain management and logistics for all companies and investing in China. Covering a breadth of topics the guide’s articles include information on supply chain solutions, updates on the regulatory environment, logistics infrastructure, regional analysis, China markets, maps and case studies.
The guide is co-sponsored by DHL, the China Supply Chain Council, Kerry Logistics and Infosys and has been published in English and Chinese.
As part of the Standard Chartered's global transaction banking solutions to corporates and institutions, Transaction Banking provides cash management, securities services and trade services through the Bank’s network in Asia, Africa and the Middle East. The business provides a full suite of transactional products and serves as a bridge to these markets for clients from the US, Latin America and Europe.