Nicosia, Cyprus. Eurobank supported the 19th Supply Chain, Logistics Conference and Exhibition held in Nicosia this month, according to a bank announcement. Sustainability, digitalisation and artificial intelligence were presented as key elements shaping the future of logistics.
Supply chain role and recent disruptions
In the context of the conference, the supply chain was described as shifting from an “invisible” operational mechanism to a strategic pillar for businesses and economies. Recent disruptions including the pandemic, geopolitical tensions and extreme climate events were cited as evidence of both the sector’s fragility and its decisive importance.
Three forces highlighted in discussions
Discussions focused on three forces described as redefining the sector: resilience and efficiency, sustainability, and the digital transition supported by artificial intelligence.
Comments from Eurobank corporate banking leadership
Addressing the conference, Eurobank general manager of corporate banking Nicolas Panayi said a supply chain is “not only a flow of goods, but also a flow of capital, data and risk.” He referred to a transition toward more resilient and proactive structures, including supplier diversification, greater transparency and more flexible logistics networks.
Sustainable financing and investment priorities
Panayi said investments in sustainable supply chains strengthen operational continuity and improve companies’ credit profile. He said sustainability “is no longer a side strategy, but a key financing criterion,” citing links to cost, regulatory risk and access to capital.
Digitalisation, AI and support for SMEs
Within the same context, digitalisation and artificial intelligence were presented as tools enabling better risk prediction, optimisation of working capital and more targeted financing solutions. The conference also highlighted the importance of supporting small and medium-sized enterprises, described as the backbone of the Cypriot economy but more exposed to supply-chain disruptions.
Eurobank support and partnerships
Eurobank said it supports businesses in the sector through trade finance solutions, sustainable financing tools and digital banking services, aiming to contribute to more resilient and sustainable supply chains. Concluding his remarks, Panayi said the future of the supply chain is built through partnerships and ecosystems involving cooperation between banks, businesses, technology providers and regulators, which Eurobank considers a strategic necessity.
What role do you think sustainability and AI will play in shaping supply chains in Cyprus?