BofA is concentrating on supply chain finance in the face of faster demand brought on by global disturbances like the Russian incursion of Ukraine, which is upsetting regular schedules at several European manufacturing sites, and renewed Covid controls in China's industrial clusters.

BofA, which lends over $30 billion globally under this category, has already increased its lending in India for supply chain finance. For instance, the bank participates in a partnership with Marco Polo Network to build a network of suppliers and buyers across important trade instruments using blockchain technology, which can greatly simplify the transmission of trade information.