BCR’s annual review of the global approved payables finance sector, entitled the World Supply Chain Finance Report 2021, suggests the market for supply chain finance (also known as approved payables finance or reverse factoring) has grown by 35% in volume in 2020 compared to 2019 reaching USD 1,311bn. The amount of funds in use as at the end of 2020 is estimated at USD 505bn, an increase of 42%.
Supply chain finance is a form of receivables finance for the suppliers of large corporates and is now offered by most of the major banks around the globe.
Michael Bickers, Editor of the Report, said, ‘Supply chain finance continues to grow despite the pandemic. In fact, the rate of volume growth during 2020 appears to have accelerated as has utilisation of funds. The level of adoption and development of digitalisation technology has also sped up in the strive to support fragile supply chains and get funding to smaller suppliers.’
Note to editors: Regional figures: Europe volume, USD 337bn (+31%); funds in use: USD 154bn (+38%); Americas volume, USD 726bn (+37%); funds in use: USD 271bn (+39%); Asia volume, USD 227bn (+35%); funds in use: USD 69bn (+70%); Africa volume, USD 21bn (+34%); funds in use: USD 11bn (+29%).
The World Supply Chain Finance Report has been published annually by BCR Publishing since 2010. BCR has specialised in receivables finance reports and yearbooks since 1993.
Figures are based on industry estimates provided by senior executive practitioners.
Please visit www.bcrpub.com to download a FREE copy of the World Supply Chain Finance Report 2021.
Contact: 
Georgia Clark
BCR Publishing Ltd
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Bromley, Kent BR2 9JF
Email: georgia.clark@bcrpub.com; Tel: +44 (0)20 8466 6987