Disruptions to the supply chain have caused massive economic damage in the past couple of years.
Nisun International Enterprise Development Group Co. Ltd. (NASDAQ:NISN) is one example of a company looking to fill the supply chain management vacuum.
Based in China, Nisun aims at a sophisticated supply chain integration (SCI) through an ecosystem that it reports is made to fulfill all the financial and logistical needs of partnering companies. It is seeking to solve the integration of industry and finance to create a supply chain system serving as an essential intermediary in both upstream and downstream transactions.
It also has the goal of helping small- to medium-sized enterprises (SMEs), which it says it accomplishes by providing SMEs with capital access through a closed-loop financial technology platform.
Linking Businesses For A Stronger Supply Chain
Nisun is focusing its partnership efforts in five industries: e-commerce, gold, coal, chemical and agriculture, aiming to create a network out of this $305 billion cluster.
Through these strategic partnerships, Nisun may help produce solutions to the supply-chain crisis and make itself a bigger player in the supply chain. It claims its current success will continue into the future and maintain its 74% annual growth year on year.
Similar companies in the supply chain and fintech space include NETSOL Technologies (NASDAQ:NTWK), 360 DigiTech, Inc. (QFIN), Katapult Holdings (NASDAQ:KPLT) and FinVolution Gr (NYSE:FINV)
To learn more about Nisun, click here.
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