by Michael McDonough, Executive Director, Supply Chain and Structured Commodity Finance, J.P. Morgan
Overview
As post-crisis equipment sales showed signs of recovery in 2009, global manufacturer Caterpillar saw challenges for suppliers who might struggle to finance ramped-up production. Rather than use its cash to support suppliers, Caterpillar chose J.P. Morgan to help balance working capital management and supplier liquidity.
We’re extremely proud of the focused yet comprehensive solution we’ve built for Caterpillar. Their Supply Chain Finance Programme’s capability continues to expand globally to meet the needs of all parties.
Michael McDonough
J.P. Morgan proposed a supply chain finance programme that in addition to funding offered global programme management and ongoing support for enrolling suppliers.
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