Some good news, a rare occurrence these days. Freight costs have fallen dramatically. Some freight forwarders are now reporting $3,000 for a 40ft container from China to the UK. This is back to pre-pandemic prices. Last year, we reported the huge increase in shipping costs. Prices peaked at $20,000, for a 40 ft container from […]
Abcor Finance are delighted to have supported leading sportswear brand, Samurai Apparel with a £250k short-term purchase facility. “We were introduced to Abcor by our Invoice Financier, ECapital , as we required some short-term seasonal financing to fuel our continued growth. Andy and Colm quickly got to grips with our requirements; provided us with a […]
In our previous blog “Structural Changes in Supply Chain”, posted at the end of last year, little did we know how prescient the discussion and explanation of diversification, re-shoring and greater inventory would be. The context was around supply chain disruptions post-Covid, especially from China and the post Brexit re-alignment of supply chains in the UK. […]
Abcor Finance has expanded its support for UK businesses. It has added facilitation of International Payments, Abcor FX, to its existing Purchase Order and Trade Finance solutions. Abcor FX is a partnership between Abcor Finance and Intertrade Exchange to provide clients with the best foreign exchange rates. There are no fees when you make or […]
Increased consumer demand and supply chain disruptions remain. This is creating three discussion points on the future structure of supply chains; namely diversification, reshoring and greater inventory holdings. Suppliers compete on a combination of price, quality and service. We are now in a prolonged period of higher prices and disrupted services. The Financial Times is […]
A day doesn’t go by where there isn’t a news story on problems supplying and sourcing goods. Can trade finance help support businesses through this period? We seem to be in a perfect storm of increased consumer demand and supply chain disruptions, from logistics to raw materials, through to labour shortages. At the turn of […]
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‘McKinsey’ has calculated that the total addressable trade finance market could be in the region of USD$ 10 trillion of assets (growing at a rate of circa USD$ 45 billion per year, or close to 5%). However, it is also estimated that only 10% of those trade assets are financed. Trade finance means many things […]