Set in the logistics 4.0 era, we dissect how supply-chain finance (SCF) simultaneously strengthens supply-chain resilience (SCR) and builds risk buffers across the goods–data flow. Empirically, we find a dual-channeled causality. First, within the digital-economy epoch, smart-logistics infrastructures endow SCF with self-healing capacity: real-time visibility compresses information asymmetry, elevating credit-quality assessment and injecting cost-efficiency into financing contracts while embedding dynamic risk-off mechanisms at each node. Second, and centrally, the paper theorizes and tests how SCF acts as a relational lubricant that vertically integrates small and medium-sized enterprises (SMEs) with upstream and downstream actors. SCF can wide the coordination bandwidth among supply-chain partners, dilute systemic exposure and unlock liquidity for SMEs by receivables and collateralizing inventory, thereby stiffening the resilience of the entire industrial ecosystem. These insights furnish policymakers with a framework for coupling intelligent logistics with SCF architectures, simultaneously strengthening macro-level chain resilience and micro-level organizational robustness of SMEs.

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The Impact Mechanism of Supply Chain Finance Enabling Supply Chain Resilience Under the Background of Smart Logistics

  • Xiaoya Xu,
  • Wenxuan Jiang,
  • Ping Jiao,
  • Haoran Xie,
  • Fu Lee Wang

摘要

Set in the logistics 4.0 era, we dissect how supply-chain finance (SCF) simultaneously strengthens supply-chain resilience (SCR) and builds risk buffers across the goods–data flow. Empirically, we find a dual-channeled causality. First, within the digital-economy epoch, smart-logistics infrastructures endow SCF with self-healing capacity: real-time visibility compresses information asymmetry, elevating credit-quality assessment and injecting cost-efficiency into financing contracts while embedding dynamic risk-off mechanisms at each node. Second, and centrally, the paper theorizes and tests how SCF acts as a relational lubricant that vertically integrates small and medium-sized enterprises (SMEs) with upstream and downstream actors. SCF can wide the coordination bandwidth among supply-chain partners, dilute systemic exposure and unlock liquidity for SMEs by receivables and collateralizing inventory, thereby stiffening the resilience of the entire industrial ecosystem. These insights furnish policymakers with a framework for coupling intelligent logistics with SCF architectures, simultaneously strengthening macro-level chain resilience and micro-level organizational robustness of SMEs.