How does a large firm, let alone a small business, increase its supply chain capacity to better serve its customers? CAPEX investments in new manufacturing plants, logistics fleet, or enterprise technologies are costly upgrades. If a firm does not have sufficient cash to pay for these upgrades due to outstanding account receivables, one trending financial recourse — exacerbated by the pandemic no doubt — is to increase assets through supply chain financing.
Fifty years ago, Milton Friedman published his landmark work The Social Responsibility Of Business Is to Increase Its Profits in The New York Times Magazine. A reaction against the surging support for social justice in 1970, the essay would go on to influence the course of economics and corporate governance for the next half century.