Technology Investment Drives Growth in Supply Chain Finance
Technological advancements in digitalization and automation have led to significant growth in the supply chain finance (SCF) market. According to a report by Allied Market Research, the global SCF market is projected to reach $13.4 billion by 2031, growing at a compound annual growth rate of 8.8% from 2022 to 2031. These advancements have made SCF more accessible and efficient, resulting in the proliferation of platforms and solutions that streamline the processing of invoices and payments.
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