UCR: Cutting Edge Supply Chain Finance
Union Copper Rod (UCR) exports much of its output overland to customers in Saudi Arabia, incurring significant logistics costs in the process. The company was keen to improve its Days Payable Outstanding (DPO) in relation to these costs, while at the same time supporting its key logistics suppliers. Sunil Veetil, Regional Head of Global Trade Solutions, Middle East, North Africa and Türkiye at HSBC, explains how the company managed to achieve this by becoming the first company in MENAT to adopt HSBC's highly-automated Supply Chain Finance platform.
