Prof. Dr. Erik Hofmann is Director of the Institute of Supply Chain Management at the University of St.Gallen, Switzerland. His primary research interest are innovations in purchasing, supply chain financing and industry 4.0. He is head of the Supply Chain Finance-Lab and member of the board of the Supply Chain Finance Community (SCFC). Dr. Hofmann’s research is published in, e.g. Journal of Business Logistics, International Journal of Production Economics or International Journal of Physical Distribution & Logistics Management. He is author of several awarded books like “Performance Measurement and Incentive Systems in Purchasing” or “Financing the End-to-End Supply Chain.”