Supply Chain Management - Logistics
Wednesday, May 18
10:00 a.m. - 11:00 a.m.
 

A freight forwarder is a person who is hired to move shipments between foreign and domestic locations, or a portion of the way. Freight forwarders also handle many of the formalities involved in exporting such shipments. Interviewing potential freight forwarders can aid you in selecting the right one for your business and overseas market. Learn more about supply chain management: 1) Incoterms, 2) Freight Forwarders, and 3) 3PLs. The SBTDC is a business and technology extension program of the UNC System and is funded in part through a Cooperative Agreement with the U.S. Small Business Administration.

Trade Finance - Methods of Payment
Wednesday, June 2
10:00 a.m. - 11:00 a.m.
 

To succeed in today’s global marketplace and win sales against foreign competitors, exporters must offer their customers attractive sales terms supported by the appropriate payment methods. Because getting paid in full and on time is the ultimate goal for each export sale, an appropriate payment method must be chosen carefully to minimize the payment risk while also accommodating the needs of the buyer. There are four primary methods of payment for international transactions. During or before contract negotiations, you should consider which method in the figure is mutually desirable for you and your customer. Learn more about 1) Cash-in-Advance, 2) Letters of Credit, 3) Documentary Collections, and 4) Open Account The SBTDC is a business and technology extension program of the UNC System and is funded in part through a Cooperative Agreement with the U.S. Small Business Administration.

Trade Finance - Foreign Exchange
Wednesday, June 22
10:00 a.m. - 11:00 a.m. 
 

Foreign exchange (FX) is a risk factor that is often overlooked by small and medium-sized enterprises (SMEs) that wish to enter, grow, and succeed in the global marketplace. Although most U.S. SME exporters prefer to sell in U.S. dollars, creditworthy foreign buyers today are increasingly demanding to pay in their local currencies. From the viewpoint of a U.S. exporter who chooses to sell in foreign currencies, FX risk is the exposure to potential financial losses due to devaluation of the foreign currency against the U.S. dollar. Learn more about 1) FX risk management options, 2) Non-Hedging FX Risk Management Techniques, 3) FX Forward Hedges, and 4) FX Options Hedges. The SBTDC is a business and technology extension program of the UNC System and is funded in part through a Cooperative Agreement with the U.S. Small Business Administration.