The pandemic hit global trade flows harder than the global financial crisis of 2008–2009. The second wave of COVID cases in the United States and Europe are dashing hopes of an early recovery.
For large Indian corporates, that could mean a continuation of troubles experienced in the first half of this year, including supply-chain disruptions due to lockdown measures, industrial shutdowns and the resulting delays in shipping and transport.
Battered by the COVID-19 crisis, large Indian companies are looking to their banks for digital solutions that can make their supply chains more resilient to pandemic-related disruptions.
In an interaction with Moneycontrol's Kamalika Ghosh, Tim Nicolle, Founder and CEO, PrimaDollar, talks about challenges of trade finance for traders during COVID-19.
Tune in to the Macro Minutes podcast for more.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.