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Are BPOs and eLCs the VHS and Betamax of trade finance?

Part one of a case comparison looks at BPOs and eLCs. Are both practices mutually viable in the long-term?
Are BPOs and eLCs the VHS and Betamax of trade finance?

Throughout the 1980s a war raged over a new customer group made available by technology advancements – the so-called video format wars. Sony and rival promoters of home video technology cut prices and pushed distribution of Betamax or VHS tapes in a market battle that is discussed in business schools throughout the world today.

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