Webinar | The value of money within International Business - 6 August 2020

Events

Overview

As the UK prepares for change at the end of the transition period and the move to a wider international trading landscape, the fluidity of EU and global supply chains will be of particular focus for many businesses.

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Traditional supply chains focus on three flows; product, information and financial. They can be affected by a range of factors including the availability of materials, industrial variables, economic uncertainty, currency fluctuations and the need to consider working business capital in order to meet any new statutory changes but also to maintain agile and flexible supply chains.


Topics

This webinar, co-hosted alongside moneycorp, will focus on cross-border international supply chains and will cover the following four key areas:

Foreign Exchange (Fortex)

  • As industries and markets approach a new transition period globally, understanding the currency exposure of your business is the first step towards mitigating any risk and protecting your company from fluctuations of the market. In this session, Andy Medler explains identifying business functions that may leave you vulnerable to the currency market using current market insights, and utilisation of a wide range of foreign exchange tools in order to protect your operations and profits.  

Banking & Finance

  • Financing international trade is often a balancing act, a combination of funding and cashflow management as well as minimising potential risks to your business which might arise from your terms of trade. We’ll take a look at the most common challenges to funding overseas trade and the benefits of a properly structured funding package.

Customs Duty

  • This session will cover the impact of customs duty on the international supply chain, focusing on how you might legitimately reduce or streamline costs by considering four key areas. The key areas include: the origin of the goods within your supply chain routes, the application of the tariff and tariff preferences, the shipping terms - who bears what cost for the associated movement of goods and the valuation used for customs purposes. As you seek to meet the demands of your customer base, each of these areas will affect the import duties you will have to pay which represents an outright cost to your business. 

VAT

  • This session will cover how VAT is applied and reported in terms of the movement of goods cross border in the international supply chain. Reference will be made to VAT registration requirements, documentary requirements and potential efficiencies and simplification measures available. The session will also look at potential changes to the international scene that will impact on these reporting and legislative requirements.

We will include steps which you can take now across these four areas to identify and realise unused opportunities for cost reductions and flexibility of cash-flow, to allow you to efficiently meet the demands of your suppliers and customers by identifying options which make sense for your business.

Now is the time to consider what alternatives are available beyond the traditional routes to compliment what may already be your standard practice, ready to respond to change to grow and transform your business.

This webinar will run for an hour and half and following the session, there will be the opportunity to ask our panel questions. If you would like to join our webinar, please register here or click on the button below. If you have issues accessing our webinar, please contact Leanne Green.

Join our webinar


Webinar Details

Date
Thursday 6 August 2020

Format and timings
12:00pm Start
13:30pm Finish
(There will be a Q&A session)

Link to Webinar
Register here


We are here to help

In the meantime, if you would like to discuss the webinar topic or would like to arrange a call with a member of the team to discuss the impact of COVID-19 on your organisation, please get in touch with your local Wilkins Kennedy contact


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