Blue Yonder to Expand Supply Chain Solutions With Doddle Acquisition Blue Yonder, a supply chain solutions provider, has signed an agreement to acquire Doddle, a first- and last-mile technology business. The deal will allow Blue Yonder to expand its suite of supply chain management and commerce offerings, incorporating final mile, returns management and reverse logistics solutions, the company said in a Thursday (Oct. 12). “The proliferation of eCommerce — and, therefore, returns — has placed increased pressure on carriers, muddied the waters of inventory management and created frustrations for shoppers,” Blue Yonder CEO Duncan Angove said in the release. “Doddle’s capabilities unlock a differentiated, superior customer experience and will help us to further our mission to transform the supply chain.” With Doddle’s capabilities, Blue Yonder aims to provide retailers and logistics service providers with a simplified experience for their customers, as well as enhanced growth potential to strengthen their businesses and build more sustainable supply chains, according to the release. Read More: https://ngulminthanglhanghal.wordpress.com/2023/08/16/absa-cib-joins-contour-trade-finance-network/ #TradeFinanceNetwork #NgulminthangLhanghal

Absa CIB Joins Contour Trade Finance Network Absa CIB is positioning itself at the forefront of digital developments by being a part of Contour’s digital trade finance network. Many of Africa’s trade transactions are manual and paper-based, which slows down trade growth and creates another layer of complexity and costs. Absa CIB’s clients will now have access to Contour’s digital Letter of Credit (LC), which reduces the process of presenting documents from an average of 5-10 days to under 24 hours. Digital developments are a big part of addressing challenges and creating access to new markets. In Africa, digitisation is critical to the success of the African Continental Free Trade Area (AfCFTA), a flagship project that aims to boost intraAfrica trade by 52.3 percent and expand the size of the continent’s economy to US$29 trillion by 2050. Read more: https://ngulminthanglhanghal.wordpress.com/2023/08/16/absa-cib-joins-contour-trade-finance-network/ #TradeFinanceNetwork #AfCFTA #LetterofCredit #CIB #Contour #NgulminthangLhanghal

Trade Finance Services 🌐 Unlock Global Trade Opportunities! 🌐 Emerio Banque provides specialized trade finance solutions to help exporters and importers. 💼 Letters of Credit (LCs) - Secure transactions 💰 Export & Import Financing - Optimize cash flow 🔒 Bank Guarantees - Strengthen contracts With Emerio Banque, experience frictionless international trade. We provide specialized trade finance solutions to help importers and exporters around the world. Secure payments are made possible by using irreversible Letters of Credit (LCs) to protect transactions. Improve cash flow by bridging payment gaps and quickening your trade cycle with export and import financing. Build trust with your partners by strengthening contractual responsibilities with our dependable Bank Guarantees. Don't let money problems stop you. To learn how our trade finance services can improve your international business endeavors, get in touch with us right now at tradefinance@emeriobanque.com. Trade Finance Experts You Can Trust. 💼 https://www.emeriobanque.com/trade-finance-services #TradeFinanceServices #GlobalTrade #LettersofCredit #BankGuarantees #TradeFinanceExperts

Eezyimport Partners With Drip Capital, Streamlines Access To Simplified Trade Financing Eezyimport, a leading global import management platform, has announced a partnership with Drip Capital, a global fintech company, to provide integrated, streamlined trade finance solutions for U.S. importers. This collaboration will enable small and medium-sized businesses (SMBs) to quickly access collateral-free trade financing online while simplifying import processes and reducing documentation. Eezyimport's innovative self-service platform provides a seamless experience for U.S. importers, helping them navigate the complexities of global trade. With its user-friendly interface, Eezyimport allows businesses to manage their import process, from initial order placement to shipment tracking, customs clearance, and now trade financing in collaboration with Drip Capital. Drip Capital provides working capital solutions to SMBs globally. In the US, the company offers payables financing, which gives buyers additional time to pay for all their purchases with minimal documentation and no collateral. The financing platform has developed a data-driven risk assessment model to underwrite transactions and disburse funds within 24 hours. The Eezyimport - Drip partnership will immensely benefit businesses seeking import management solutions and trade financing services. Read more: https://www.forpressrelease.com/forpressrelease/618849/4/eezyimport-partners-with-drip-capital-streamlines-access-to-simplified-trade-financing #Eezyimport #DripCapital #tradefinancing #importers #tradefinance #digitalsolutions #NgulminthangLhanghal

Charting the global economy: BOE's surprise and global trade may be improving The Bank of England stepped up efforts to beat back the worst inflation since the 1980s by boosting interest rates half a percentage point to the highest level in 15 years. The move surprised investors who had priced in a 40% chance of a hike of that magnitude. BOE policymakers also reiterated earlier guidance pointing to even higher rates, similar to the message Federal Reserve Chair Jerome Powell conveyed to US lawmakers this week. Central bankers in Norway joined the BOE in accelerating their rate increases, while Switzerland dialed back its pace of hiking. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: World ​In addition to the UK, Norway raised its benchmark rate a half point to 3.75%, while central banks in Indonesia, the Philippines, Mexico and Brazil left borrowing costs unchanged. The Swiss National Bank delivered its smallest hike since policy tightening began a year ago, while saying more action is likely. Read more: https://ngulminthang.weebly.com/news/charting-the-global-economy-boes-surprise-and-global-trade-may-be-improving #finance #banking #tradefinance #bank #import #export #tradebusiness #trading #tradefinance #importfinance #currencyexchange

DBS to set up base in GIFT City The Development Bank of Singapore (DBS), a Singaporean multinational banking and financial services corporation, has been given approval by the International Financial Services Centre Authority (IFSCA) to set up an international banking unit (IBU) at GIFT City. GIFT City officials believe more financial companies from Singapore will enter GIFT City after the arrival of SGX Nifty. DBS will offer financial services like trade finance, external credit borrowing (ECB), treasury operations and derivatives at its GIFT City IBU. According to sources, the IBU will make DBS bank's offering on foreign currency loans and trade finance business competitive. Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/dbs-to-set-up-base-in-gift-city #DBS #financialservices #GIFT #tradefinance #InternationalFinancialServices #IFSCA

Bank Btpn In Indonesia Streamlines Trade Finance Processing Surecomp, a leading provider of global trade finance solutions, has announced that PT. Bank BTPN Tbk (BTPN), one of the leading privately-owned banks in Indonesia and part of the SMBC Group, has gone live with its DOKA solution. This solution is aimed at streamlining BTPN’s back-office trade finance processing automation, replacing the bank’s previous trade finance application. According to a recent report by the International Chamber of Commerce, Asia is the world’s largest region for trade finance, with a total of $1.98 trillion in trade finance issued in 2020. Indonesia is one of the key players in this region, with trade finance playing a crucial role in the country’s economic growth. The DOKA solution, which is hosted in Jakarta, has been fully deployed and supported by Surecomp’s local teams in Asia. Read more: https://ngulminthang.weebly.com/news/bank-btpn-in-indonesia-streamlines-trade-finance-processing #Surecomp #BTPNBank #tradefinance #Indonesiastreamlines #DOKAsolution #SupplyChain #NgulminthangLhanghal

Democratising The Trade Finance Process Through Digitalisation The World Trade Organisation (WTO) estimates that 80–90% of world trade relies on trade finance. It is a mechanism that not only ensures security between importers and exporters but can also extend a line of credit to companies desperately needing cashflow to get their operations moving. Pandemic disruptions, political upheaval and currency fluctuations have made companies more nervous to trade internationally. “With every crisis, trust among the participants goes down and that’s when you reconsider the risk that is involved in open account transactions,” says Enno-Burghard Weitzel, senior vice president of Strategy, Digitalisation and Business Development at Surecomp. “The more insecure these financial flows to physical supply chains are, the more you want to secure them with a guarantee” from trusted financial intermediaries. Unfortunately, trade finance has not always been a straightforward solution due to an excessively manual process, and a lack of access to smaller corporates who might not have the know-how to get the best deals. Read more: https://ngulminthanglhanghal.wordpress.com/2023/05/22/democratising-the-trade-finance-process-through-digitalisation/ #tradefinance #WorldTradeOrganisation #Digitalisation #Democratising #supplychains #Surecomp #NgulminthangLhanghal

How do specialised Trade Finance companies differ from Banks? Exporters are increasingly running into cash flow issues as payment cycles lengthen and more importers seek credit terms on payment. If your funds are held up, you won't be able to pay your vendors on time or stock up on materials for future orders. This could stifle expansion and potential, ultimately detrimental to your export business's success. Exporters often use bank loans to bridge this funding gap. However, bank lines are unsuitable for Trade Finance Service due to the following reasons: Collateralized: When you apply for a loan from a bank, they will want you to provide tangible collateral, such as a piece of property or some machinery. You won't be able to have access to bank lines if you don't have any collateral to put up. Limited: There is a direct correlation between the value of your fixed assets and the quantity of financing you may get from a bank. However, companies often have sales that are much beyond their fixed assets and need more capital to export their surplus through traditional banking channels. In addition, you'll need access to your locked-up working capital during peak seasons when you may be experiencing additional demand, but banks will only extend your facility. Read more: https://emeriobanque.medium.com/how-do-specialised-trade-finance-companies-differ-from-banks-69b096d48843 #InternationalTradefinance #financialinstitutions #LetterofCredit #BankGuarantee #TradeFinanceService

3 Common Types of Trade Finance Products Explained There are several definitions of trade finance available online, and the terminology employed is intriguing. It is characterised as a "science" and "an imprecise term covering a variety of different activities." Both are correct, as is the nature of these things. Managing the money required for international trade is a precise science. However, within this science, Trade Finance Service has access to a vast range of tools that affect how cash, credit, investments, and other assets can be used for trade. Common Types of Trade Finance Products: 1. Letter of Credit A letter of credit is a payment pledge provided by a bank on behalf of the importing client. It's a common trade finance document that you should be familiar with. Essentially, it is a commitment by the bank to pay the exporter the money within a specified time frame and under the terms and circumstances agreed upon. It enables sellers and buyers to mitigate some of the inherent hazards of international trade, including currency fluctuations, non-payment, and economic instability. 2. Purchase Order (PO) Finance Purchase Order (PO) financing is intended for SMEs that are experiencing inefficiency in their cash flow. To put it simply, it gives funds to pay suppliers with the validated purchase order in order to ensure seamless cash flow. It enables firms to accept a huge volume of orders while adjusting the lending basis to match their specific requirements. This is especially true for SMEs, who frequently get a significant amount of orders but lack the necessary working capital to process them. That is exactly what it does. Even if the volume of orders reduces, there are no ties, so you can quit using it whenever you want. Read more: https://www.emeriobanque.com/blogs/3-common-types-of-trade-finance-products-explained #Tradefinance #letterofcredit #BankGuarantee #supplychainfinance #SMEs #internationaltrade