09/11/2022
6 factors that can significantly affect your business costs
Organizations doing business internationally must understand the different factors that can affect their business costs if they want to remain profitable.
FITTskills Refresher
There’s a lot to know when it comes to international trade. So every now and then we like to pull out snippets of wisdom from our FITTskills series of international trade textbooks and pass them on. Whether it’s brand new for you or its information you’ve already learned but may have forgotten, you can rest assured that FITTskills Refreshers are practical and industry-validated.
05/10/2022
Getting paid: 4 trade finance instruments you can use to reduce your risk
While there are many risks inherent in international trade finance, there are also numerous methods of settlement in international trade available to exporters and importers to manage and mitigate risks. Here are the 4 most common trade finance instruments you can use.
12/08/2022
Product compliance: What you need to know about product regulatory compliance
Product compliance is a constantly evolving process. Because laws, standards and regulation continuously change, manufacturers, retailers and suppliers are pressed to innovate quickly in order…
29/07/2022
A Guide to Preparing an International Business Plan
An international business plan acts as a framework that identifies goals and objectives, specific target markets and clients, resources required and strategies to be developed…
28/06/2022
3 solutions to manage your company’s risk management and mitigation
While there are many risks inherent in international trade finance, there are also numerous solutions available to exporters and importers to manage and mitigate risks….
22/06/2022
A primer on e-commerce and why your business should be there
Technology, especially the Internet, has transformed how business is conducted in both domestic and international markets. In 2011, the number of digital buyers worldwide…
02/06/2022
Pros and cons of using subcontracting as a market entry strategy
Subcontracting is a transfer-related market entry strategy. Here are the pros and cons of adapting a subcontracting strategy.
12/05/2022
Quick read: The Service-Product Relationship
Provided on a global scale, product-related services generate billions in international trade revenue. It is important to understand the relationship between services and products when developing products.
13/04/2022
Identify and mitigate the 4 types of financial risk: commercial risk, foreign currency risk, country risk, and bank risk
Trade finance instruments and practices are designed to assist importers and exporters with effective mitigation techniques for all types of financial risk. The risks, which can be mitigated through appropriately structured trade finance instruments or services, include: commercial risk, foreign currency risk, country risk, and bank risk.
16/03/2022
What should be on every bill of lading
When trading goods across international borders, the period of transit has a high level of risk and a high cost of liability should anything happen to a shipment of goods. That’s why transport documents like a bill of lading are so crucial, acting as a contract and a receipt for the goods delivered to the carrier for shipment.