Track D · TradeNode D3
Supply chains as financial structures
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~ 30s readThe thirty-second answer
What is this?
Goods don't move on their own. They move on letters of credit, trade insurance, and 60-day payment terms. Most "supply chain" problems are actually credit problems wearing physical clothes.
Why should I care?
When you read "supply chain crisis," read it as "credit crisis in trade finance." The physical bottleneck is real but secondary; the financial pullback is what makes it stick — and determines when it ends.
What's actually moving in a "supply chain"
- Goods
- obvious
- Working capital
- huge
- Trade credit
- huge
- Trade insurance
- decisive at the margin