With over 10 years of experience in seafood processing, the company exports a diverse range of processed seafood products to meet its overseas customers’ needs. The trader’s annual exports exceed USD 10 million. Although the trader maintained a relatively stable financial situation in an increasingly complex global trade environment, it suffered from a cash flow shortage, partly due to the longer payment terms requested by new buyers.

The trader tried to seek financing help from banks, but its asset-light nature proved to be a roadblock in securing funding. With financial constraints, the company had to turn down orders. The lack of working capital hindered its growth, especially in peak seasons.

Introduced by friends who work for foreign trade enterprises, the client turned to Tradewind for its timely and flexible financing services. In using the USD 4 million export factoring facility from Tradewind, the trader was able to close the working capital gap and support open account terms of 60 to 120 days for its buyers.

“The client was attracted to Tradewind’s strong reputation of reliable tailor-made financing solutions and their solid 22-year record in trade finance. Through working with Tradewind, the client was able to maintain good relationships with suppliers and develop more qualified buyers, which enabled the company to sharpen its competitive edge and achieve market expansion successfully,” said Dickson Au, Regional Commercial Leader – Far East, at Tradewind Hong Kong.

About Tradewind Finance

Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.

The post Tradewind Provides USD 4 Million Export Factoring Facility for Frozen Seafood Trader in China appeared first on Tradewind Finance.

Newly founded within the past few years, the company wished to generate more business from larger buyers stateside. To do that, it required additional cash flow so it could offer these so-called “bigger fish” greater flexibility on when payment was due for their purchases. The receivables-based funding from Tradewind gave seafood buyers the freedom to pay up to two months after invoices were issued.

“As is the case with any young company, cash flow is always the main challenge and by coming on-board with Tradewind they were able to turn around their receivables within 24 hours so they could pay suppliers quicker and grow the business more efficiently,” Kevin Gillespie, Vice President – Sales at Tradewind’s USA branch, said.

Known for its international footprint and cross-border trade finance capabilities, Tradewind was well-equipped to support the overseas supply structure.

Buying at fair trade prices, the importer works directly with African fisherman and prioritizes their economic well-being. It has supplied thousands of crab cages, free of cost, to fisherman so they could increase their catch and earn more money.

Not only is the brand socially conscious, it also cares about the health of the oceans. For each packaged product, a barcode traces the origin of the crab, including when it was caught and by what boat, in order to curb illegal fishing.

Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.

The post Tradewind Finance Announces USD 1 Million in Funding for Seafood Importer based in the USA with Ties in Africa appeared first on Tradewind Finance.

Having been in business for more than 15 years, this high-end seafood trader specializes in selling frozen fish, such as wild-caught and farmed finfish, Atlantic salmon, and shrimp. These high-quality varieties are sourced from Europe, Southeast Asia, and Latin America and distributed domestically to restaurants, hotels, and airlines.

The client expressed an interest in reducing their reliance on the bank after discussions about the financing partnership began. Tradewind offered a non-recourse receivables-based facility that does not require collateral to secure funding and, through credit protection, also safeguards receivables against buyer insolvency risks.

Tradewind’s factoring facility of USD 350,000 has helped the client improve cash flow, which is often hindered by long credit terms with buyers. Sales are financed through the facility on open account terms of 90-120 days. Through the enhanced liquidity, the client is able to meet all of their working capital needs, including those related to the increase in orders.

“The hospitality industry has been hard hit by the recent pandemic. Due to the lack of support from their current banks, the client was looking for a financial institution that understood their challenges and would assist them in getting out of their financial bind,” said Soheil Zali, Tradewind’s Regional Commercial Director for West and South Asia.

He continued, “Tradewind was able to offer the client collateral-free financing at a competitive cost, which enabled them to not only grow their company, but also maintain their existing borrowing arrangements.”

In addition to its headquarters in Germany, Tradewind Finance has offices in Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, United Arab Emirates, and the United States. By combining financing, credit protection, and collections, Tradewind offers streamlined, flexible, and best-in-class services to exporters and importers around the globe.

The post Dubai high-end seafood company uses Tradewind Finance’s domestic factoring facility to support its growing sales following the pandemic appeared first on Tradewind Finance.

Though the electronics company was accustomed to receiving sight payment from their customers, they wanted to make an increased effort to keep winning the business of their new US buyer, so they decided to offer open account payment terms to them. Concerned that a 60-day open account arrangement would jeopardize their working capital and ability to pay their domestic suppliers, the company welcomed their buyer’s proposal for supply chain financing. The buyer enlisted Tradewind’s help once again, impressed with their services in the onboarding of their first supplier to the program.

The early funding from Tradewind’s facility, with cash advances structured in USD, equipped the electronics company with the liquidity to pay their suppliers and stay competitive in securing the orders of their customer. The company could also rest assured knowing that Tradewind provided credit protection in the case of default due to buyer’s insolvency.

As a result of Tradewind’s reverse factoring, the exporter had sufficient cash to fill requests for orders, and the buyer was able to stock up on the merchandise it needed for the season, before Thanksgiving.

“We are happy to provide services that are beneficial to both the seller and the buyer. With our funding, our client received the footing to grow their business. Furthermore, our team ensured a quick turnaround time that allowed the importer to equip for their seasonal sales under a tight schedule. The Tradewind team is appreciative for the trust the buyer had in us in making the decision to onboard a second supplier for our supply chain finance services,” states Alice Lo, VP of Sales for Tradewind Hong Kong.

Tradewind (formerly DS-Concept) maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible and best-in-class services to the world’s exporters and importers.

The post Tradewind Provides Reverse Factoring Facility to Electronics Company based in Hong Kong appeared first on Tradewind Finance.

As the canned seafood brand had a surge of orders within the US, it sought financing from Tradewind. In order to keep up with demand stateside, the Miami subsidiary needed faster cash flow from a parent company based in Ecuador. Moreover, the parent company intended to move all sales out of Latin America to its US entity, a move that would require additional working capital.

Tradewind’s ability to finance the transit of goods from the parent company in Ecuador to the Miami office it supplied set it apart from other lenders from the very beginning. Having a presence in Latin America and the United States also ensured a dedicated level of care for the client. Tradewind’s competitive pricing, scalable funding that can increase as sales and customer lists grow, and credit protection that ensures 100% payment in the event of buyer bankruptcy also made Tradewind an attractive option for the client.

Tradewind’s flexible financing has won industry recognition for years. “We are delighted that our client chose us to be their lender of choice. Our goal is to support their growth ambitions in the US and their overseas sales in the future,” said Flavia Coetzee, Vice President of Sales in Tradewind’s New York office.

In addition to its headquarters in Germany, Tradewind Finance has offices in Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, United Arab Emirates, and the United States. By combining financing, credit protection, and collections, Tradewind offers streamlined, flexible, and best-in-class services to exporters and importers around the globe.

The post Miami-based canned seafood company receives USD 2.5 million in funding from Tradewind Finance appeared first on Tradewind Finance.

A look into how India’s second significant trade agreement, following the CEPA deal with the UAE earlier this year will impact banks, businesses, and the global economy

After nearly ten years of negotiations, the Modi government ratified a landmark trade agreement between India and Australia on April 2. This is the Modi government’s second significant trade agreement, following the UAE agreement earlier this year.

With Australia’s long-standing diplomatic problems with Beijing, Morrison has looked to India to help the country trade more freely and reduce its dependency on China.

Over the next decade, the South Pacific nation is set to export items worth $12.6 billion to India.

Hitting the ‘GDP’ goldmine

According to the most recently available trade figures, India is Australia’s sixth-largest trading partner and fifth-largest export market.

Almost 85 percent of Australian items shipped to India, such as sheep meat, wool, lobsters, alumina, and coal, will no longer be subject to tariffs as a result of the deal.

Meanwhile, 96 percent of Indian goods would be allowed duty-free entry into Australia.

Exports totalled to $418 billion, much above the government’s expectations. Furthermore, India’s GDP is expected to grow to $5 trillion in the following years, as stated by Chief Economic Adviser, V. Anantha Nageswaran during a post-Budget press conference, earlier this year.

India could obtain higher growth chances in line with its economic strategy as a result of more lenient policies implemented by free trade agreements, such as the one with Australia.

Spur influx of textile and apparel production laborers

India exports a substantial amount of textile items to Australia, which are subject to import charges of between 5 percent and 7 percent. All products from labor-intensive industries, such as apparel and leather, are now duty-free for export.

According to the government, in the next three years, India’s textile and apparel exports are expected to increase from $392 million to $1.1 billion.

This would primarily benefit domestic textile and apparel production, which will result in the creation of 40,000 jobs each year.

The free trade deal can also help India become a more critical manufacturing base by providing more access to raw material-rich countries like Australia.

Because Australian exports are primarily raw materials and intermediates, Indian sectors such as the textile and garment industries will profit from lower cotton prices than their Bangladeshi counterparts. As a result, the textile industry in India will have a significant competitive edge.

The shift in dependency from banks to financial services

In the past 20 years, the supply chain has adjusted itself to meet the requirements of the diverse global trends.

Companies in the clothing industry to the food and beverage, seafood, electronics, automotive, chemical, and consumer goods industries in the United States, Europe, and Australia, are standing proof of diversification and change in the supply chain industry.

Unfortunately, despite major advancements in the financial field, we still look at it from a worm’s vision, robbing us of the multitude of opportunities available to us from financial service providers.

Here, a few opportunities and services that businesses need to start considering to get ahead in the race:

Factoring:

Many banks have been forced to restrict their lines of credit as a result of the current economic climate, placing many businesses in financial distress.

And in times like these, many businesses have realised the critical need for a non-recourse factoring solution that does not demand collateral; non-recourse factoring is essential.

Under this, the financial partner assumes responsibility for any bad debts given the circumstances and predetermined conditions.

Factoring and supply chain finance services are extremely unusual in this section of the region, but they are something that new investors should take advantage of because they assist businesses to enhance cash flow by allowing them to collect payments from consumers sooner rather than later.

Receivables based fund:

Apart from factoring, investors should keep an eye out for receivables-based funding, which allows businesses to receive cash payments based on their accounts receivables.

Multiple products can be used at any time to ensure that transactions go well by giving the importer and exporter access to personalised financial solutions.

Credit protection:

Apart from effective cross-border flow management, it is crucial that services such as credit protection be sought.

For example, if one of their Australian buyers defaults, we may cover the entire payment and ensure that they receive their money.

Enhancing business liquidity:

Furthermore, because of the market’s severe volatility, businesses should focus on enhancing liquidity while also lowering trade risks and looking for financial partners that can assist with these two critical variables.

Soheil Zali, Regional Commercial Director at Tradewind Asia

The post Free trade deal between Australia and India to create 40,000 jobs annually (Published in Arabian Business) appeared first on Tradewind Finance.

Maine-based Diversified Communications organized the event, which featured pop-up counters from seafood companies around the world, who provided samples of their delicacies to potential buyers and other attendees.

Unlike other traditional lenders, Tradewind is willing to work with companies in the seafood sector despite the perishable nature of the products. Among the companies it has provided tailored financial assistance to are American, Icelandic, Turkish, and Maldivian firms dealing in fresh and frozen fish. Tradewind has extensive experience in the seafood sector, which means it fully understands the unique challenges seafood businesses face and provides financing solutions designed to increase cash flow and provide access to credit protection.

Furthermore, Tradewind’s international network in the seafood industry offers clients access to local experts when entering new markets.

“After two years of cancellations, the seafood industry finally reconnected in Boston. As a first timer at the show, I was thrilled having so many good conversations and meetings with existing clients from all over the world. The endless samples were pretty good, too. I look forward to seeing what the year brings,” said René Pastor, CEO of Tradewind Americas.

“Tradewind is pleased to be a part of such a successful conference and looks forward to forming new partnerships with the players that will drive the seafood industry forward,” said Catherine Alvino, Marketing Manager in Tradewind’s New York office.

The post Tradewind Finance Exhibits at Seafood Expo North America in Boston appeared first on Tradewind Finance.

The seafood importer, which primarily sells octopus, had started diversifying its product offerings by adding frozen tuna and salmon, and it needed a financial partner that could support its increased business other than the self-financing methods it already had in place. The company planned on continuing to grow, but wanted to make sure it did so cautiously.

Tradewind has a strong reputation as an alternative lender with expertise in the seafood industry and an understanding of the fish sector, according to the company. As a result of Tradewind’s competitive rates, flexible financing, and international capabilities, the company found Tradewind to be the most suitable fit for its capital needs. Furthermore, the financial firm’s provision of credit protection in the event of buyer insolvency, as well as its collection management, eased importer concerns about trade risk and made its business transactions more secure.

Tradewind provided the company with scalable funding that increases as sales grow, a feature that was crucial to expansion. Due to Tradewind’s accelerated cash flow to the seafood company, it was able to make timely payments to its suppliers and take on more orders quickly and with confidence; these timely payments and the ability to process orders on demand shortened the company’s sales cycle.

“The Tradewind team is pleased to have assisted our client in bringing more flexibility to their supplier relationships and delivering larger orders to larger buyers with our customized cash flow solutions. Tradewind looks forward to their success in the US market,” Daniel Najman, Vice President of Sales at Tradewind’s USA office, said.

Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible and best-in-class services to the world’s exporters and importers.

The post US-based Frozen Seafood Importer and Distributor Receives USD 1.5 Million in Trade Financing from Tradewind Finance appeared first on Tradewind Finance.

Companies are stocking up for good reason. Chinese factories are closing their doors and letting their employees leave a week prior to when the holiday—the “Year of the Tiger”— begins.

Factories, in turn, have moved to send out products before January 21 or risk them sitting idle for nearly a month’s time. According to Dickson Au, Regional Commercial Leader – Far East for international trade finance firm Tradewind Finance, many manufacturers have already jumped ahead in the calendar and shipped out orders in November.

The planning by retailers to avoid supply chain bottlenecks and secure inventory in anticipation of the Lunar New Year proved to be a boon for China, which accounts for one-third of global manufacturing: The country’s exports rose 22% in November, hitting a record high.

Mr. Au adds, “There has been continuing global demand for Chinese goods, which has been strong throughout the pandemic. It is possible that if the spread of the new omicron virus causes other nations to enter lockdowns again, then that will likely provide further support for China’s exports.”

With whopping shipping costs, jammed ports, and shortages in truck and warehouse workers, companies and their supply partners may have to strategize even further about their orders.

Some in China’s major sectors like apparel, seafood, and consumer electronics may consider trade finance, which includes international factoring and can be yet another tool brands use to move along their shipments and for exporters to keep up with the rise in demand. Chinese suppliers, who traditionally seek at-sight payment, can receive the majority of the invoice amount upfront from a financial intermediary. Retailers and distributors, in turn, are given longer windows to pay their bills and hence can preserve their capital.

For China’s manufacturers, the receivables-based financing also provides credit protection in the case a buyer defaults, one less worry in the supply chain chaos.

This Chinese New Year, the tiger is celebrated for its courage, a virtue many companies have had to adopt during the pandemic to survive, whether it be in adjusting their business model or taking extra precautions in the workplace. If the business sector carries forth with this spirit in 2022—in strategy and decision-making—it might just be in good shape.

The post Trade Finance Can Support China’s Exports in the Year of the Tiger appeared first on Tradewind Finance.

President Xi Jinping delivered a keynote speech at the opening ceremony via video link, highlighting the importance of China’s accessibility to global players as a key manufacturing and distribution hub as the rest of the world continues to navigate ongoing supply-chain challenges.

China, being the second-largest economy in the world, has been and continues to remain a key market for the Tradewind Group. Chinese exporters however are not impervious to cash-flow constraints and buyer non-performance. Since entering the Chinese market in 2013, Tradewind has provided customized financing solutions to a variety of SMEs and mid-market clientele operating across the automotive, electronics, seafood, chemical & consumer goods, and food & beverage sectors.

Tradewind’s customized export factoring supports companies by improving their cash flow position, streamline collections, and control exposure to bad debts, enabling them to generate more sales by offering longer payment terms without disrupting cash flow or taking on undue risk.

About Tradewind Finance

Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.

The post Tradewind Exhibits at the 4th China International Import Expo appeared first on Tradewind Finance.