Potential Influence of Fintech on MSMEs Supply Chain Performance Improvement in Bangladesh

Abstract

The use of financial technology (fintech) has the potential to significantly improve the supply chain performance of micro, small, and medium-sized enterprises (MSMEs) in Bangladesh. The financial sector all over the world is changing so rapidly that it is adding so many new things to it. Fintech can be used to automate tasks, improve visibility, and reduce costs, all of which can lead to better supply chain performance.

This paper will explore the potential influence of emerging fintech on MSME's supply chain performance improvement in Bangladesh. The primary goal of this study is to find out factors that affect supply chain performance in MSMEs of Bangladesh. It will begin by providing an overview of fintech and its potential applications in the supply chain. Then, it will discuss the challenges that MSMEs face in Bangladesh and how fintech can help to address these challenges. Finally, it will present a case study of an MSME that has used fintech to improve its supply chain performance.

The study includes 42 people with professionals, tutors, and students related to Supply chain and other professions. The respondents were asked about the importance of improving the supply chain of MSMEs in Bangladesh and tried to understand the factors that affect supply chain performance in MSMEs of Bangladesh by asking them about the study.

The paper concludes that fintech has the potential to significantly improve the supply chain performance of MSMEs in Bangladesh. However, several challenges need to be addressed before fintech can be fully adopted by MSMEs. These challenges include the lack of awareness of fintech, the high cost of fintech solutions, and the lack of skilled workers.

Despite these challenges, the paper argues that fintech is a promising tool for MSMEs in Bangladesh. With the right support, MSMEs can use fintech to improve their supply chain performance and become more competitive in the global market.