For the consumer, the ready availability of cash is largely a given.
Indeed in times of adversity people turn to physical currency as a safe store of value, a means of transaction that does not require working infrastructure – be that financial institutions, electricity or communication supplies – and often also as a budgetary tool to help manage household finances.
The provision of currency is dependent on a highly complex supply chain both providing new and fit currency for withdrawal (the manufacturing supply chain), but also for the collection of deposits and surplus currency, in technical terms referred to as Reverse Supply Logistics. The cash cycle is in effect a Closed Loop Supply Chain on a vast scale.
While this article was written by the Blond Group as a whitepaper for NCR, back in 2010, many of the considerations raised then remain valid today.
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One of the Blond Group’s longstanding clients, NCR is a global leader in consumer transaction technology.
We have completed a number of whitepaper, though leadership and other client confidential assignments for the company over a number of years.
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