Managing Risk in Exports and Imports
Whether it’s expanding sales to overseas buyers or purchasing from vendors in other countries, many U.S. agribusiness companies are reaping the benefits of foreign trade. International commerce subjects companies to risks as well as opportunities, and requires businesses to understand their exposures and take steps to mitigate them. Fortunately, financial tools and resources are available to help you deal with these challenges and turn foreign business opportunities into profitable outcomes.
Key Takeaways
- Foreign trade presents enterprises with risks above and beyond those encountered in domestic markets.
- Importers and exporters must understand the different buyer/seller obligations for international payment methods.
- The right banking partner plays a key role in connecting businesses to a wide range of resources that will allow them to take advantage of global opportunities.