What Every Home Appliance Insurance Companies Have to Know about Fb

While SCF is widely recognized and valued by the global industry, it has also encountered significant challenges and obstacles, one of which is how to control or avoid the credit risk of SCF that has resulted in many financial risks in reality, such as the Greensill incident (2021) in the USA (On March 8, 2021, Greensill, a well-known supply chain financial service provider founded in the United Kingdom, filed for bankruptcy protection, mainly because major insurers stopped providing credit insurance for $4.1 billion of debt in its portfolio created for clients including Credit Suisse due to questions about the quality of its debt receivable assets. SCF. With the development of the Internet, the combination of SCF and the Internet has gradually developed online, and its credit risk challenges have become more complicated. However, with the absence of data and inaccurate information, traditional risk assessment methods are frequently failed to assess the credit risk in SCF, especially for small- and medium-sized enterprises (SMEs). These incidents are forcing many financial institutions to shift to a cautious attitude towards the supply chain finance business and an increased focus on risk assessment. The change in the credit risk of upstream and downstream enterprises in the supply chain has a direct impact on the business status and future development trends. A rtic le was g en᠎er​at​ed ᠎by GSA Con᠎te nt Gen​erat or DEMO!

At the beginning of the 20th century, supply chain finance (SCF) gradually developed in China and established a certain scale after nearly 20 years of development. In this study, a grey correlation model is introduced and applied to the SCF risk assessment process for 15 firms in the Chinese home appliance industry with 15 performance indicators that represent profitability, solvency, operational capability, and development capability. However, it is very difficult for companies, especially for small- and medium-sized companies, to carry out supply chain financial risk assessment since relevant information, including data, is commercial secret for individual companies and is difficult to obtain. The empirical study displays the operability and effectiveness of the grey correlation model, which is superior to traditional methods in the supply chain financial risk assessment. It used qualitative and quantitative methods to analyze the principle of risk-sharing among the participants of SCF and evaluated the credit risk of SMEs. SCF, and evaluated these risks through the analytic hierarchy process and fuzzy comprehensive evaluation method. As of 2018, it reached a market size of 17.5 trillion and had been expected to reach 27 trillion by 2020. On January 19, 2017, the Ministry of Commerce, the National Development and Reform Commission, the Ministry of Land and Resources, the Ministry of Transport, and the State Post Bureau jointly issued the “13th Five-Year Plan for Trade and Logistics Development,” which was aimed, as stated in the planning area, at expanding financing channels and promote SCF, encouraging commercial and logistics enterprises to finance directly through equity investment, and undertaking bond financing and other mechanisms.

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Buyer's Book - An Informed Home Buyer's Guide Remember that this is an estimate and may vary based on your home’s size and location. This may end up causing the wood to rot. The General Office of the State Council issued the “Guiding Opinions on Actively Promoting Supply Chain Innovation and Application” in January 2020. The “Opinions” proposes that, by the end of 2020, a batch of new technologies and new models of supply chain development suitable for my country’s national conditions will be formed, and a smart supply chain system covering my country’s key industries will basically be formed to make China an important center of innovation and application in the global supply chain. The theory of SCF has been continuously developed and enhanced since it was put forward to the state of being a systematic and mature system. Finally, the study of the credit risk of enterprise SCF can reduce the financing risk of financial institutions and bring them more lucrative income. The credit risk between the government, banks, and many enterprises should pay attention to it. Secondly, in the SCF system, the small and medium enterprises can improve the situation of low credit rating and small capital scale with the commercial credit of core enterprises and obtain financing in a timely and effective manner, thus solving the problem of difficult and expensive financing.

The purpose of this study is to introduce a grey correlation model in supply chain financial risk assessment, firstly, which is no longer limited to the asset operation status and financial data of individual enterprises, but highlights the overall strength of the supply chain and the real transaction background between upstream and downstream enterprises, which is conducive to promoting the cooperation and coordinated development of core enterprises and upstream and downstream enterprises in the supply chain, improving the operation relationship, and realizing the value maximization and cost minimization of the supply chain. Then the model of grey relational analysis has been introduced in Section 4. Section 5 carries out the empirical study on supply chain finance credit risk. Under this circumstance, this study introduces a grey correlation model to assess supply chain financial risk, which is exactly in line with the basic characteristics of grey systems, to overcome the difficulty of missing data to the maximum extent. Grounding of the electrical service at the main water line must be within the first 5’ of water piping into the building, with at least 10’ of the metal water pipe horizontally buried in the ground.

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