Table A3

Cross-case analysis processor – part 1

Macro variableVariableFirm EFirm CFirm DFirm BFirm A
SCF solutionSCF solutionWhat: RF with Retailer
When: 5–10 years
What: DD
When: under evaluation
What: RF with retailerWhat: RF
When: proposed in 2018, not implemented
What: RF with retailer
When: 2016
What: RF
When: not implemented
What: RF
When: 6 years +
What: IF Control
How: repurchase option, no LSP, derecognition, without dispossession
When: 2016, closed in 2018
What: RF
When: 2016, 2018 (green coffee)
What: IF Control
When: evaluated (2019) but not implemented
TechnologyNo technology  Technological platformPlatform to support RF No technological platformGeneral traceability system already presentSupplier portal 
SC stageSC stageProcessor – RetailerProcessors SMEs – ProcessorProcessor – RetailerProducers – ProcessorProcessor – RetailerProcessors SME – ProcessorProducers – Processor
Cooperative/Processors SME – Processor
ProcessorCooperative/ Processors SME – ProcessorProcessor
ActivatorRetailerProcessorRetailerProcessorRetailerProcessorProcessorProcessorProcessor 
SizeSizeBig FirmBig FirmBig FirmBig Firm
Used by SMEs
Big FirmBig Firm
Used by both big and small firms
Big FirmBig FirmBig Firm
Used by both big and small producers
Big Firm
RegulationLate Payment Directive   Art 62 fostering the solution      
Nonpossessory revolving pledge       Lack of regulation on pledge making the solution stop  
Product categoryCategoryCategory: PackagedFresh, commodityFreshFreshFrozenFresh/CommodityFreshAgedCommodityCommodity
ProductBakery MilkMilkIce cream and frozen croissanterieButter, flour, milk powderMilkHamCoffeeCoffee
DriversBankruptcy risk of suppliers      X   
Payment termsX (No change in payment terms) X (Lower DSO)X (Higher DPO) X (Decrease suppliers' DSO)X (decrease DSO for producers, increase DPO for processor) X (increase DPO for processor; decrease DSO for suppliers) 
Lack of liquidity   X X (for suppliers)X (for suppliers)X (for processor)X (suppliers) 
Exploit the excess of liquidity X (due to seasonality)        
Need of ensure quality      X X 
Lack of access to financial services  X (no issues)X (for suppliers) X (for small suppliers)  X (for small suppliers) 
Long production cycles       X X
Level of stocks       X (high NOWC) X (high NOWC)
Lack of collateral          
Short maturity period          
 Sustainability        X 
New driversNeed to collaborate with relevant customersX   X     
Need to improve balance sheet composition    X     
BarriersKnowledge about SCF     X X  
Technological barriersXX X (for small suppliers)      
Collaboration and visibility          
Organizational policies   X (Stop imposed by the parent company)      
Regulatory barriers       X (noncompliant with accountability policies)X (Government law) 
Macro-institutional challenges   X (Language barriers)    X (Language and cultural differences) 
Asymmetric information          
Lack of high volumes     XX X 
New barriersCultural changeFear of change         
Complexity and time efforts          
Uncertain marketability       X  
Finding a financial institution willing to take the risk       X X
Source: Authors’ own creation

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