According to Gartner Inc. (NYSE: IT ), the future could see a substantial reinvention of supply chain management, unlocking the potential for supply chains to play an increasingly prominent role in business. It postulates that integrating financial services into supply chain management could generate considerable and impactful cost reductions for businesses.
Meet Nisun International Enterprise Development Group Co. Ltd (NASDAQ: NISN ) — a technology-driven, integrated supply chain solutions company providing professional supply chain solutions to enterprises and financial institutions in the People's Republic of China. The company was founded in 2005 and is headquartered in Shanghai.
Nisun provides solutions for technology supply chain management, asset routing and digital transformation of financial institutions.
The company says that through its closed-loop ecosystem built on fintech platforms, it enables small- and mid-sized enterprises (SMEs) to enhance their access to capital. In addition, it supports small- and medium-sized commercial banks and other financial institutions by providing direct banking solutions for the distribution and management of their banking and other financial products.
Apart from the financial sector, Nisun has expanded its interests into the coal supply chain industry and, more recently, the agriculture industry. Its competition includes FinVolution Group (NYSE: FINV ), Qudian Inc . (NYSE: QD ), 360 DigiTech, Inc . (NASDAQ: Full story available on Benzinga.com