Philip Prowse

Showing no recourse: in defence of supply chain finance post-Greensill

This article emerged in response to the onslaught of publicity generated by the insolvency of Greensill. For many this has been their first true introduction to supply chain finance and the coverage has not been very positive. Every few years the collapse of an industry stalwart or promising up-and-comer is held up as a cautionary tale, emblematic of underlying weaknesses or failings of its sector. However, it would be unfortunate to let Greensill’s legacy be the tarring of supply chain finance in general when it plays such an important role in facilitating global trade.