To help get some answers on how SMEs can protect their supply chains and their businesses during this time of disruption we brought together experts in supply chain management, contracts, customs and the Incoterms® 2020 rules to answer key questions on how SMEs can protect themselves and have confidence in their international transactions.
Which Incoterms® rule an organization chooses for a trade transaction will depend on a number of factors. Here’s how to get it right.
Learn more about what Incoterms® are and how they’re used in advance of the new Incoterms® 2020 rules that will come into effect on January 1, 2020.
FITT and the Canadian Chamber of Commerce are partnering to deliver Incoterms® 2020 in-person training to Canadian businesses.
To improve communication and mitigate the risks of misunderstandings, the ICC developed Incoterms to serve as universal trade definitions.
My exposure to Incoterms goes back to 2002 when I took my first FITT-accredited international business course at Seneca College.
Labour disruptions have far-reaching implications for U.S. imports and exports, affecting businesses’ supply chains across the continent. Here are 7 ways businesses can plan ahead to mitigate future disruptions.
Procurement specialists at SMEs usually learn the main skills of the job by trial and error, which often leads to unnecessary costs to organizations. Knowing about and avoiding these mistakes will help small enterprises save money and increase profit. Here are eight of the most common global procurement mistakes made by SMEs.
By now, we are all probably well aware of the economic turmoil caused by the COVID 19 pandemic and the knock-on effects it has had,…
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.