Nordea's outlook for trade flow recoveries & supply chains post-pandemic
Patrik Zekkar, Global Head of Trade Finance & Working Capital Management, Nordea, speaks about his 2021 expectations for recoveries in trade flows, how supply chains will look as we begin to move out of the crisis, the adoption of digital technology next year, and what role supply chain finance and other trade finance solutions will have in aiding the recovery.
Join Caroline at the trading floor
“People are super helpful. I think the best thing about being a Graduate at Nordea is that you get a lot of responsibility early on,” says Graduate Caroline Kihlgren, working in FX/MM Sales.
Not having the typical financial background, she was nervous when she started – but not anymore. Now she thinks it’s amazing to work at the trading floor. Sounds exciting? Well, it could be you!
Visit our career blog to learn more: https://nordeamarkets.com/career/blog/
And go to see vacant position: https://www.nordea.com/en/careers/
“Order-to-Cash: Key to Increasing Supply Chain Visibility & Cash Flow”
This episode of Supply Chain Now features Dan Reeve. Dan is the US Director of Sales and Business Development for Esker. He has been with Esker for 18 years. As Sales Director he helps companies streamline and improve visibility across order to cash and procure to pay. Transforming customer service and helping companies utilize digital transformation in order to compete via service/customer loyalty. For P2P it means accelerating invoice approval, paying suppliers faster, freeing up cash flow and leveraging supply chain finance opportunities. Learn more about Esker here: www.esker.com
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Del Monte shares the benefits of updating its supply chain processes using Anaplan
Steve De Castro, Director of Supply Chain Finance, discusses how Anaplan’s flexibility and “what-if” capabilities improved Del Monte’s ability to adjust to market fluctuations in real time.
Del Monte is one of the biggest producers of pineapple products. We provide 20 percent of the global supply of pineapple. We are not just selling pineapple—we also sell health and wellness to every family.
My team handles the FP &A budgeting, forecasting, variance reporting. We had a system that was already conking out because of hardware issues. I didn’t want my team to go back to the Excel spreadsheets that we were using before. So we have three different workbooks for each channel. Each workbook has about 50 worksheets, and I approached my boss [and] said we need a platform for planning and for reporting.
We work in the food and beverage industry and most of our products are in the fast-moving consumer goods segment, and added to that is the complexity that these products have shelf lives. If they don’t get delivered on time, or if they don’t get produced when the demand is there, wastage is very high. What we have implemented so far is the FP &A use case, and when I say FP &A, it’s the budgeting where we have volume and non-operating income. But at the same time we have embedded into that use case supply chain finance aspects. So that’s the logistics, warehouse capacity planning and soon the bill of material-based costing for our culinary products.
With Anaplan, it’s really just like Excel on steroids. The multidimensionality of it, and then the fact that you can change your variable and everything automatically changes, it’s a big help for us because often times we have changes in the planning process where just key variables are being changed. When we were using BPC, if we had a variable change, we had to rewind the whole thing—so run volume allocation, run calculation because the changes were not dynamic and that’s where the productivity as well is coming from, from using Anaplan.
We just completed the budget cycle, and obviously because of the El Nino phenomenon that we are facing and performance in the past, we have issues and we have to prioritize some of our product allocations. And now because we have Anaplan, when we run our first scenario, we saw that certain areas were not profitable and we went back right away to our sales people and our channel team and our logistics team to inform them about this mismatch—and right away they knew that they needed to adjust.
Nordea Economic Outlook 03 2021 (English)
The economic reboot continues to spread around the world, with growth ramping up in the advanced economies. Yet despite the powerful restart, virus mutations continue to cast a shadow over the recovery, with government vaccination programmes racing against the spread of more infectious variants.
Inflation is the current market buzzword, as supply chain bottlenecks and increasing commodity prices have driven prices higher. Will the surge, particularly in the US, be “transitory” or more sticky, prompting the central banks to take action?
Find out what to expect in this recorded webinar with Nordea’s Chief Economist Helge J. Pedersen from 1 September 2021.
Read the full Nordea Economic Outlook: https://docs.nordeamarkets.com/nordea-economic-outlook/economic-outlook-2021/eo-en-03-2021/?utm_source=youtube &utm_medium=pdf &utm_campaing=eo2103-en#/