Finanzas y deudas de la cadena de suministro (Capítulo 3 Compendio CASSANDRA – CORE2007b)


El tercer capítulo del Compendio CASSANDRA aclara conceptos y técnicas financieros y de seguros en la gestión de la cadena de suministro internacional. En el comercio transfronterizo, los exportadores y los importadores a menudo se aseguran contra una variedad de riesgos, incluyendo la pérdida y daño de las mercancías en tránsito, las fluctuaciones cambiarias, y el incumplimiento de la otra parte. En particular, el intercambio de bienes por dinero entre vendedores (exportadores) y compradores (importadores) es una gran fuente de riesgo e incertidumbre en las operaciones de logística internacional. Por ejemplo, el pago por adelantado no es favorable para los importadores en términos de costos, flujo de caja y riesgo de incumplimiento. Para la mitigación de riesgos, los exportadores comúnmente se protegen contra el impago por parte de los compradores, mientras que los importadores se protegen contra el no cumplimiento de entrega de las mercancías por parte de los vendedores. El capítulo ilustra cómo las transacciones y los convenios financieros sustentan el flujo físico de mercancías en las cadenas de suministro internacionales. El compendio CASSANDRA está disponible en (disponible solo en inglés).

Revisión por Toni Männistö (CBRA).

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Full review

International trading involves many risks. Exporters bear the risk that buyers fail to pay for goods in full or in time. On the other hand, if the exporter requires the importer to pay for goods before shipping them, the importer faces a risk of paying but not receiving the purchased goods in right time, quantity and condition. There are, fortunately, various financial instruments and insurances that both the exporters and importers may purchase to reduce or eliminate such risks. Perhaps the most common instrument is the letter of credit (LC), a guarantee from the buyers’ bank to pay the seller if the seller dispatch goods and meets the terms of delivery. Other common financial services, that allow exporters to hedge against non-payment of foreign buyers, include export credit insurance, export factoring and forfeiting (selling one’s receivable debts for cash). These financial products cost money, but they reduce or eliminate the risks involved in cross-border commerce. Prices and terms of these credit and insurance schemes depend on the creditworthiness of applying companies and riskiness of concerned logistics operations.

The CASSANDRA compendium chapter provides insights into the legal infrastructure – laws, conventions and standard business practices – that set the basis for trust between sellers and buyers in the cross-border commerce. For example, the Rotterdam Rules (“Convention of Contracts for the International Carrying of Goods Wholly or Partly by Sea”) and Hague-Visby determine much of the legal rules for carrying goods by sea. International contract schemes are not always straightforward, but fortunately there are Incoterms, standard trade terms, published by the International Chamber of Commerce (ICC), that determine when ownership of goods change, how costs of shipping are shared, and who is responsible for insuring cargo at different stages in the supply chain. Incoterms are defined in the contract between buyer and seller. The contracts between cargo owners (shipper or consignee) and freight forwarder, an agent organizing the transport, is a separate document, the same way than the agreement between the freight forwarders and carriers.

Supply chain finances is a crucial topic for trading companies, but how do the financial aspect relate to CORE, a supply chain security and optimization project? Related to security, if customs and other border control authorities had visibility over financial transactions, they could use this information for more accurate risk assessment of cross-border shipments. The authorities might be able to identify suspicious financial transactions that do not correspond physical flow of goods (e.g., routing or cargo description). With respect to the logistics optimization, CORE visibility solutions enable companies to monitor location and status of their consignments and help them to react faster to logistics contingencies and disruptions. If increased visibility lowers risk of supply chain glitches, it may also lower insurance premiums and interest rates for credits. Visibility also facilitates investigation of insurance claims, helps resolve liability disputes, and may lower related litigation costs. Track & trace data on cargo en route, for example, helps determine the location and time of unauthorized tampering of a container, with obvious benefit for resolving liability issues. The CORE’s demonstrations will likely benefit from this account of basic trade finances that the third chapter of the CASSANDRA compendium provides. The financial aspects should be considered also in CORE’s education and training material.


Hintsa, J. and Uronen, K. (Eds.) (2012), “Common assessment and analysis of risk in global supply chains “, Compendium of FP7-project CASSANDRA, Chapter 3



Cadenas Globales de Suministro Integradas a las TI, Seguras, Eficientes y Resilientes: Introducción, Descripción General y Temas de Investigación, Lecture Notes in Computer Science, por Klievink, B., Zomer, G., 2015 (CORE2003)

Resumen: ¿Cómo la innovación en TI contribuye al desarrollo de las cadenas de suministro internacionales seguras, resilientes e integradas? Esta es la pregunta que Klievink y Zomer buscan abordas mediante el examen de los programas de investigación pasados y presentes de un conjunto de proyectos europeos en cadenas de suministro. En su trabajo de investigación, estos autores identifican tres áreas principales de innovación -tecnología, conceptos de riesgo en la cadena de suministro y conceptos de colaboración y supervisión- que lideran el camino hacia una mayor incorporación de las nuevas TI y servicios en las cadenas de suministro globales. Los autores sostienen que los desarrolladores de modernas cadenas de suministro integradas a las TI, deberían colocar más atención a los desafíos no técnicos que a menudo dificultan la adopción de soluciones modernas de TI. El estudio también presenta y discute cinco trabajos de investigación que serán presentados en el cuarto Taller de Cadenas Globales de Suministro Integradas a las TI, Seguras, Eficientes y Resilientes, WITNESS 2015. El documento completo estará disponible para dominio público en otoño 2016.

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Full review: The paper provides a comprehensive outlook on innovation agendas that present EU 7th framework supply chain projects follow. The study summarises CORE’s innovation goals and clarifies definitions and purposes of CORE key concepts such as the system-based supervision, supply chain resiliency and advanced data capture and sharing mechanisms. Therefore, the paper strengthens the conceptual basis of the CORE’s IT and risk management clusters. The CORE demonstrations will benefit from the paper indirectly if the IT and risk clusters refine the paper’s ideas and findings into applicable concepts that could be implemented in the demonstrations. The paper highlights three main areas of innovation that will likely improve security, resiliency and efficiency of the global supply in the future:

Technological innovation – The technological innovation focuses largely on IT-enabled capture and sharing of data among operators who are involved in end-to-end supply chains. Timely sharing of relevant and quality data is believed to support secure and efficient supply chain management because such data helps supply chain actors to detect faster logistics contingencies and disruptions and react to them. The higher data availability also supports use of modern sensor, track & trace and cargo screening technologies. For example, better information about cargo flows allow customs administrations to focus their screening activities on high-risk cargo.

Risk concepts – The data availability leads to higher visibility over the supply chain and empowers supply chain actors to regain control over cargo. The increased control helps the supply chain actors to detect faster to operational contingencies and disruptions.

Collaboration and supervision models – Risk-based approach to customs inspections is a departure from the 100% screening philosophy, under which every single shipment faces inspection. The modern risk-based approach disrupts less cross-border trade and commerce than the 100% screening because customs (and other border control agencies) select only a percentage of shipments, those that represent the highest risk, to inspection. Another new concept is system-based supervision, an approach that seeks to assess traders’ internal controls of customs compliance rather than conducting transaction-driven

Reference: Klievink, B., Zomer, G., 2015. IT-enabled Resilient, Seamless and Secure Global Supply Chains: Introduction, Overview and Research Topics, Lecture Notes in Computer Science (pp. 443-453)



Gerwin Z. y FP7-CORE

Our second blog-interview is with Mr. Gerwin Zomer, focusing on CORE – Consistently Optimised Resilient Secure Global Supply Chains.

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