With the increasing internationalisation of Chinese enterprises, businesses are expanding their global supply chains beyond national borders. This growth brings challenges in leveraging analytical frameworks and integrating multi-dimensional data from markets, industries, and individual companies to gain deeper supply chain insights. This is where Fintechs like TASConnect come in to help enterprises to mitigate risks, capitalise on opportunities, enrich industry trend analysis, and strengthen forecasting capabilities to navigate the complexities of global expansion, successfully.
Background
Yangtze Optical Fiber and Cable Joint Stock Limited Company (YOFC) is a global leader in the optical fiber and cable industry, with operations in over 100 countries and a vast portfolio of thousands of buyer companies. One of YOFC’s critical objectives is to efficiently serve its widely distributed global buyers while ensuring seamless collaborations and business alignment across its internal sales, treasury, and finance control functions.
The Challenge
The challenge lies in managing an extensive network of global buyers, optimising business and risk control framework, and supporting interdepartmental collaboration to drive supply chain efficiencies and digitalisation.
The Solution
TASConnect helped YOFC address these challenges by organising and integrating vast internal and external intellectual resources; building key indicators for the supply chain markets and counterparty early warning signs; and approach in discovering new business potentials to scale ecosystem management.
Driving Cross-Border Supply Chain Transformation
Gao Yihong, Chief Representative of North Asia and Chairman of China at TASConnect, emphasised the significance of this collaboration:
The YOFC implementation is a strong value validation for TASConnect in providing cross-border supply chain services to outstanding Chinese enterprises. We are honoured to offer digital initiatives to YOFC as well as key support through our team’s industry expertise and resources in both domestic China and international markets, helping them manage buyer portfolios more effectively and promote the digital transformation and sustainable development of cross-border supply chains.
Through the implementation of TASConnect’s data-driven initiatives, YOFC is now better positioned to refine its internal management frameworks and expand its cross-border supply chain business. The enhanced data intelligence capabilities provided by TASConnect enabled YOFC to optimise the precision of supply chain management, balance business expansion opportunities with risk mitigation strategies, and potentially drive greater revenue across the globe.
A Future of Continued Innovation and Expansion
Moving forward, TASConnect and YOFC will continue to explore more innovative supply chain models, expand use case scenarios, and enhance dynamic analysis. The goal is to enhance YOFC’s competitiveness in the international market and further scale its supply chain ecosystem.
Yang Jinpei, Chief Financial Officer of YOFC, highlighted the importance of this collaboration:
Optimising the precision of supply chain management, balancing business expansion opportunities with risk management, and enhancing real-time insights into overseas markets and industry trends are all key considerations in our globalisation process. TASConnect, with its international perspective and customer-centric approach, has provided us with multi-dimensional insights, an effective data analytics framework, and customised content that meets our complex needs across our sales, risk management, finance control, treasury and more functions.
With YOFC selecting us to help navigate the complexities of global supply chain management, our cutting-edge digital intelligence and deep industry expertise will drive innovation and efficiency in the evolving global trade landscape.
About YOFC
Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) (Stock Code: 601869.SH, 06869.HK), founded in 1988 and headquartered in Wuhan, Hubei Province, is a technology-driven enterprise focused on the optical fibre and cable industry chain and data communication-related products and solutions. It is also a global leading provider of optical fibre preforms, optical fibres, optical fibre cables, and integrated solutions. Since 2016, YOFC has maintained the largest global market share in optical fibre preforms, optical fibres, and optical fibre cables, with products sold to over 100 countries and regions worldwide.
About TASConnect
Headquartered in Singapore, TASConnect is a wholly owned subsidiary of SC Ventures Holdings Limited and incubated through SC Ventures – Standard Chartered’s innovation, fintech investment and ventures arm. We are a leading working capital solutions platform connecting complex enterprise ecosystems to deliver economic value with end-to-end visibility and control. We are firm believers in the principles of co-creation and collaboration with our clients.
