Posted on January 17, 2019 by Shanghai CPA Firm under China
In these years, there are some significant changes in IFRS, such as IFRS 15 – Revenue from contracts with customers, IFRS 16 –leases and etc. They all have impacts on the Chinese market. The PRC GAAP has some subject changes to follow up with IFRS. 1. Distinguish continuous operating net profit with terminus operating net […]
Posted on January 16, 2019 by Keith Warburton under Market Entry, Steps
Step 1 – Selecting a Market Far too many companies’ approach to international trade is reactive rather than strategic. People react to chance enquiries or random meetings at trade shows, and those ad hoc encounters are somehow translated into a global market strategy. This approach seldom works. Your approach to international should be strategic and […]
Posted on January 2, 2019 by Neil Moon under Cargo Insurance, Supply Chain Management
I am sure, as a supply chain professional, you ensure that your procurement and sales teams use the appropriate INCO terms in their contracts. This determines the transfer of risk from seller to buyer and the responsibility for insurance of the cargo while in transit. But ask yourself: Have you taken the time to check […]
Posted on December 26, 2018 by Nigel Cliffe under Digital Marketing, Engagement Funnel
Have you ever spent ten, twenty, perhaps even thirty minutes longer than you should have done, frozen as you deliberated over which birthday gift to buy a friend? Even if it were a friend you know very well, I wouldn’t blame you for being immobilised by choice. In today’s option-saturated world we are surrounded by […]
Posted on December 19, 2018 by Keith Warburton under Bank Relationship, Corporate Treasury, International Trade, Letter of Credit, Trade Banking
How to Start Improving the Collection Success of your Export Letters of Credit Sales For as long as any of us can remember, Export Letters of Credit have occupied the unique position of being both one of the most “secure” forms of trade payment but also one of the most frustrating and hard to collect. […]
Posted on December 12, 2018 by Keith Warburton under Global Market Entry, India
Lots of British and US companies who are heavily committed to China seem reluctant to develop a significant presence and invest in India for some reason. They cite a number of obstacles to market entry in India such as IP risks, corruption, bureaucracy, the size of the country and even language barriers – forgetting that […]
Posted on December 5, 2018 by Neil Moon under Logistics, Logistics Collaboration
Why is it that collaboration is seen as such an obvious benefit and yet it fails so often? Logistics collaboration is often cited as an effective way to improve supply chain performance. But in many of the case studies cited it seems that one party is in a stronger or dominant position and that their […]
Posted on November 28, 2018 by Nigel Cliffe under Content Marketing, Digital, Thought Leadership
Thought leadership! It’s the buzzword of modern business right now. But what exactly is ‘thought leadership’ and what is simply opinion, information or ‘content marketing’? It’s certainly true that thought leadership is a frequently used and often ‘abused’ term. Many organisations claim to be ‘thought leaders’ but are in fact simply stating their own aims, […]
Posted on November 21, 2018 by Nigel Cliffe under Emerging Markets, Market Entry
As partners of TGG, we have all helped western companies enter and grow their business successfully in some key emerging markets around the world during our careers. A majority of clients come to us at a very early stage and ask for strategic and practical solutions; the others tend to come to us having tried […]
Posted on November 21, 2018 by Keith Warburton under Bank Relationship, Cash Management, Corporate Treasury, Trade Banking
For many corporates, the signing of the all-important Factoring Agreement signals the end of much hard work in finding a Factored Receivables lender, gaining credit approval and negotiating the commercial legal terms and legals, after which a reliable and consistent stream of cash can be expected to flow into the company bank account every week. […]
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