Beauty and Wellbeing : London & Zoom - 15th August 2024

Beauty & Wellbeing Credit Risk Forum

Date: 15th August 2024
Location: London & Zoom
Frequency: Quarterly Meetings
Industry Focus: Beauty & Wellbeing (Manufacturers & Distributors)


Event Overview

The Beauty & Wellbeing Credit Risk Forum, a long-established gathering, invites you to its next meeting on 15th August 2024. This forum, which meets quarterly in London and is accessible via Zoom, is a hub for manufacturers and distributors of leading beauty, haircare, cosmetics, fragrances, and wellbeing products. The forum’s agenda is meticulously curated to cover a wide range of pertinent topics for professionals in the beauty and wellbeing industry.

Dual Venue

Reflecting the forum’s commitment to accessibility and inclusivity, attendees can choose to join in person in the vibrant city of London or virtually through Zoom. This flexible format is designed to cater to a diverse group of members from different geographies.

Forum Highlights

  • Diverse Membership: Key players from the beauty and wellbeing sectors, encompassing manufacturers and distributors.
  • Best Practice Sessions: Sharing of effective strategies and experiences in credit risk management.
  • Focused Discussions: In-depth analysis of specific accounts and relevant industry topics.
  • Process Improvement Sessions: Exploring opportunities for enhancing operational efficiency.
  • Guest Speakers: Insights and perspectives from industry experts and thought leaders.

Why Attend?

  • Hybrid Accessibility: Flexibility to participate either in person or online.
  • Networking Opportunities: Connect with a wide range of industry peers and leaders.
  • Industry-Specific Learning: Gain insights into credit risk management tailored to the beauty and wellbeing sectors.
  • Interactive Agenda: Engage in meaningful discussions and benchmarking activities.

Registration

Please register your interest to participate in the Beauty & Wellbeing Credit Risk Forum, either for the London in-person event or the Zoom session: christina@bakering.global

We look forward to welcoming you to this essential forum, where you can contribute to and benefit from the collective knowledge and expertise that drives the beauty and wellbeing industry forward. Join us in shaping the future of credit risk management in our dynamic sector.


Fashion, Apparel and Accessories : London & Zoom - 14th August 2024

Fashion, Apparel & Accessories Credit Risk Forum

Date: 14th August 2024
Location: London & Zoom
Frequency: Quarterly Meetings
Industry Focus: Fashion, Apparel, and Accessories (Manufacturers & Distributors)


Event Overview

Celebrating over two decades of influential gatherings, the Fashion, Apparel & Accessories Credit Risk Forum is set to convene again on 14th August 2024. This established forum, meeting quarterly in London and accessible via Zoom, brings together over 30 members from the fashion industry. Our membership roster boasts leading clothing, footwear, and accessory manufacturers and distributors.

Dual Venue

To accommodate our diverse and widespread membership, the forum offers a hybrid format. Members can choose to attend in person in the vibrant city of London or virtually via Zoom, ensuring maximum participation and convenience.

Forum Highlights

  • Elite Membership: An assembly of prominent manufacturers and distributors from the fashion industry.
  • Guest Speakers: Engaging presentations from industry leaders and experts.
  • Accounts for Discussion: Focused discussions on key accounts within the fashion sector.
  • Best Practice Sharing: Exchange of effective strategies and experiences.
  • Current Industry Topics: Exploration of the latest trends, challenges, and opportunities in fashion credit risk.

Why Attend?

  • Hybrid Format: Flexibility to join the discussions either in person or online.
  • Networking Opportunities: Connect with industry peers and leaders in a dynamic setting.
  • Sector-Specific Insights: Gain in-depth understanding and knowledge relevant to credit risk in the fashion industry.
  • Interactive Sessions: Engage in productive dialogues and benchmarking exercises.

Registration

Secure your participation in the Fashion, Apparel & Accessories Credit Risk Forum by registering for either the London in-person event or the Zoom session. Contact christina@bakering.global

We are excited to welcome you to this pivotal forum, where industry veterans and newcomers alike will share, learn, and collaborate. Join us to contribute to and benefit from the collective expertise that drives the fashion, apparel, and accessories sectors forward.


Construction UK: London & Zoom - 13th August 2024

Construction UK Credit Risk Forum

Date: T13th August 2024
Location: London & Zoom
Frequency: Quarterly Meetings
Industry Focus: Construction Credit Risk


Event Overview

Established in 2006, the Construction UK Credit Risk Forum proudly continues its tradition of bringing together over 30 member companies for its next session on 13th August 2024. This forum, known for its insightful quarterly meetings, will be held both in London and via Zoom, accommodating a wider range of participants. Membership comprises companies from various sectors, including hire, electrical, plumbing, building, and, since 2019, engineering suppliers.

Dual Venue

This event offers the flexibility of attending in person in London or virtually via Zoom. This hybrid model ensures broader accessibility and convenience for all members, regardless of their location.

Forum Highlights

  • Diverse Membership: Companies from hire, electrical, plumbing, building, and engineering supply sectors.
  • Focused Discussions: In-depth analysis and discussion on current topics in construction credit risk.
  • Benchmarking Sessions: Opportunities for comparative analysis and learning from peers.
  • Guest Speakers: Insights from industry leaders and experts.
  • Industry Insight: Exploring the latest trends, challenges, and opportunities.

Why Attend?

  • Hybrid Accessibility: Join in person or virtually, ensuring no one misses out.
  • Networking Opportunities: Connect with a wide range of professionals from various construction sectors.
  • Learning and Development: Gain valuable knowledge and insights to enhance your business practices.
  • Sharing Best Practices: Learn from the experiences and strategies of other industry members.

Registration

To participate in the Construction UK Credit Risk Forum, please register your interest for either the in-person event in London or the Zoom session – contact christina@bakering.global

We look forward to your valuable participation in this forum, where we aim to collectively advance our understanding and practices in construction credit risk management. Join us to be a part of this dynamic and evolving conversation.


Petroleum Distributors Intelligence Unit (PDIU) : TBC Venue - 24th July 2024

Petroleum Distributors Intelligence Unit (PDIU) Meeting

Date: 24th July 2024
Location: TBC
Industry Focus: Petroleum Distribution


Event Overview

The Petroleum Distributors Intelligence Unit (PDIU) meeting is scheduled to take place on 24th July 2024 in Liverpool. This important gathering brings together key players in the petroleum distribution sector. The PDIU meeting is an essential forum for discussing industry trends, challenges, and strategies specific to petroleum distribution.

Venue

The meeting will be held in Liverpool, providing a central location for attendees. The chosen venue offers a professional setting conducive to productive discussions and networking among industry professionals.

Meeting Highlights

  • Industry-Specific Discussions: Engage in focused conversations pertinent to the petroleum distribution sector.
  • Networking Opportunities: Connect and collaborate with peers and industry leaders.
  • Strategic Insights: Gain valuable insights into the latest trends and challenges facing the industry.
  • Expert Presentations: Benefit from presentations and sessions led by experienced professionals and thought leaders in the field.

Why Attend?

  • Targeted Content: Sessions and discussions are specifically tailored to the needs and interests of the petroleum distribution community.
  • Collaborative Environment: Foster meaningful connections and collaborations with industry counterparts.
  • Knowledge Enhancement: Stay updated with the latest developments and best practices within the industry.
  • Professional Growth: Leverage the meeting to gain insights that can drive personal and professional development.

Registration

To confirm your attendance at the Petroleum Distributors Intelligence Unit meeting in Liverpool, please register as soon as possible: christina@bakering.global

We look forward to welcoming you to this significant event, where we will collectively delve into and address key aspects of the petroleum distribution industry. Join us for a day of insightful discussions and networking opportunities.


Construction North Credit Risk Forum: Leeds - 23rd July 2024

Construction North Credit Risk Forum

Date: 23rd July 2024
Location: Leeds
Frequency: Quarterly Meetings
Industry Focus: Construction Credit Risk


Event Overview

The Construction North Credit Risk Forum, a notable event established in 2006, is set to convene on 23rd July 2024, in Leeds. This forum brings together over 30 members from various sectors within the construction industry, including hire, electrical, plumbing, building, and now engineering suppliers (included since 2019). the Forum is for credit professionals involved in the construction industry, and focusses on companies that supply product to customers predominantly in the North of England – from Liverpool, Manchester, Sheffield and Hull upward.

Venue

The chosen venue in Newcastle offers a prime location for members from different regions to convene. It provides a professional setting conducive to productive discussions and networking.

Forum Highlights

  • Diverse Membership: Participation from companies across hire, electrical, plumbing, building, and engineering supply sectors.
  • In-Depth Discussions: Engaging conversations on current topics relevant to construction credit risk.
  • Benchmarking Sessions: Comparative analysis of practices and performance metrics.
  • Guest Speakers: Insights from industry experts and thought leaders.
  • Industry Insight: Sharing of the latest trends, challenges, and opportunities in the construction credit sector.

Why Attend?

  • Comprehensive Coverage: Broad spectrum of topics addressing key aspects of construction credit risk.
  • Network Building: Opportunities to connect with a diverse group of professionals and companies.
  • Knowledge Enrichment: Gain valuable insights and information to enhance your business practices.
  • Experience Sharing: Engage in benchmarking and learn from the experiences of other members.

Membership and Participation

This forum is ideal for professionals and companies involved in construction credit risk. To participate in the Construction North Credit Risk Forum in Newcastle, please contact christina@bakering.global

Join us in Newcastle for an engaging and informative session that promises to enhance your understanding and management of credit risk in the construction industry.


FMCG UK (Food, drink, tobacco): TBC Venue - 18th July 2024

FMCG Credit Risk Forum – UK

Date: 18th July 2024
Location: TBC
Industry Focus: Fast Moving Consumer Goods (FMCG) – Food, Drink, Tobacco
Established: 1980s


Event Overview

The FMCG Credit Risk Forum, a prestigious event established in the 1980s, invites members to its next meeting on 18th July 2024, in TBC. This forum, with over 30 members, convenes quarterly in various hotel locations across the country, often featuring a group dinner the night before the meeting. It brings together companies from the confectionery, drinks, tobacco, frozen, ambient, and bakery sectors. The forum is a key platform for discussing credit risk management, sharing best practices, and exploring industry-specific topics.

Venue

TBC

Forum Highlights

  • Diverse Industry Representation: Attendees from various FMCG sectors, including food, drink, and tobacco.
  • Accounts for Discussion: In-depth analysis of key accounts within the FMCG sector.
  • Best Practice Sharing: Exchange of effective strategies and experiences in credit risk management.
  • Industry-Specific Topics: Discussions on current trends and challenges in the FMCG market.
  • Guest Speakers: Insights from experts and industry leaders.

Why Attend?

  • Specialized Focus: Tailored discussions relevant to the FMCG sector, particularly in food, drink, and tobacco.
  • Networking Opportunities: Connect with industry peers and leaders in a relaxed yet professional setting.
  • Knowledge Enhancement: Stay informed about the latest developments and best practices in FMCG credit risk management.
  • Professional Development: Engage in a forum that supports learning and growth in the FMCG industry.

Registration

Please register your interest to attend the FMCG Credit Risk Forum in Sheffield: christina@bakering.global

We look forward to welcoming you to this important forum, where we will collectively address key issues and strategies pertinent to credit risk management in the FMCG sector. Join us for a day of insightful discussions, knowledge sharing, and networking in the vibrant city of Sheffield.


BHETA Housewares & Small Electricals: Zoom Conference - 16th July 2024 AM

BHETA Housewares & Small Electricals Credit Risk Forum (Zoom Videoconference)

Date: 16th July 2024 AM
Time: Morning Session
Format: Zoom Videoconference
Hosted by: British Home Enhancement Trade Association (BHETA)
Industry Focus: Housewares & Small Electricals

Event Overview

Join us for the BHETA Housewares & Small Electricals Credit Risk Forum, a vital virtual meeting place for credit professionals in the housewares and small electricals sector. This event is part of the British Home Enhancement Trade Association’s initiative to provide a platform for discussing accounts, sharing best practices, and addressing the latest topics in the industry.

Virtual Venue

The forum will take place via Zoom, allowing members from across the country to participate and engage in discussions from the comfort of their own offices or homes.

Provisional Agenda

  • Accounts for Discussion: Focused talks and collaborative discussions on key accounts within the sector.
  • Best Practices: Sharing of effective strategies and insights for credit management in the housewares and small electricals industry.
  • Latest Industry Topics: Delving into current trends, challenges, and opportunities.
  • Guest Speakers: Hear from experts providing insights and updates relevant to the industry.

Why Attend?

  • Targeted Industry Insights: Gain a deep understanding of credit management specific to the housewares and small electricals sector.
  • Networking Opportunities: Connect with fellow professionals and industry leaders virtually.
  • Knowledge Sharing: Stay informed about the latest developments and best practices in your industry.
  • Expert Guidance: Benefit from the experiences and advice of guest speakers and industry veterans.

Registration

Please register for this insightful event by contacting sales@bakering.global

We look forward to your participation in the BHETA Housewares & Small Electricals Credit Risk Forum, where we’ll explore and discuss key topics crucial to the success of credit management within this dynamic sector.


BHETA DIY & Gardening: Zoom Conference - 16th July 2024 PM

BHETA Housewares & Small Electricals Credit Risk Forum (Zoom Videoconference)

Date: 16th July 2024 PM
Time: Morning Session
Format: Zoom Videoconference
Hosted by: British Home Enhancement Trade Association (BHETA)
Industry Focus: Housewares & Small Electricals

Event Overview

Join us for the BHETA Housewares & Small Electricals Credit Risk Forum, a vital virtual meeting place for credit professionals in the housewares and small electricals sector. This event is part of the British Home Enhancement Trade Association’s initiative to provide a platform for discussing accounts, sharing best practices, and addressing the latest topics in the industry.

Virtual Venue

The forum will take place via Zoom, allowing members from across the country to participate and engage in discussions from the comfort of their own offices or homes.

Provisional Agenda

  • Accounts for Discussion: Focused talks and collaborative discussions on key accounts within the sector.
  • Best Practices: Sharing of effective strategies and insights for credit management in the housewares and small electricals industry.
  • Latest Industry Topics: Delving into current trends, challenges, and opportunities.
  • Guest Speakers: Hear from experts providing insights and updates relevant to the industry.

Why Attend?

  • Targeted Industry Insights: Gain a deep understanding of credit management specific to the housewares and small electricals sector.
  • Networking Opportunities: Connect with fellow professionals and industry leaders virtually.
  • Knowledge Sharing: Stay informed about the latest developments and best practices in your industry.
  • Expert Guidance: Benefit from the experiences and advice of guest speakers and industry veterans.

Registration

Please register for this insightful event by contacting sales@bakering.global

We look forward to your participation in the BHETA Housewares & Small Electricals Credit Risk Forum, where we’ll explore and discuss key topics crucial to the success of credit management within this dynamic sector.


Oil & Fuel card Ireland: Dublin & Zoom - 13th June 2024

Oil & Fuel Card Ireland Forum

Date: 13th June 2024
Location: Dublin & Zoom
Industry Focus: Oil & Fuel Card Services


Event Overview

The Oil & Fuel Card Ireland Forum is scheduled to take place on 13th June 2024, offering both in-person attendance in Dublin and virtual participation via Zoom. This forum is specifically designed for professionals and companies involved in the oil and fuel card sector in Ireland. It serves as a key platform for discussing industry trends, challenges, and opportunities, as well as for sharing knowledge and best practices related to oil and fuel card services.

Dual Venue

Recognizing the diverse locations of its members, the forum will be conducted both in Dublin for local attendees and via Zoom for those who prefer or need to join remotely. This hybrid format ensures broad accessibility and engagement.

Forum Highlights

  • Industry-Specific Discussions: Focused sessions on topics pertinent to the oil and fuel card industry.
  • Networking Opportunities: A chance to connect with industry peers, experts, and thought leaders in both a physical and virtual setting.
  • Knowledge Exchange: Sharing of insights and strategies for managing and growing oil and fuel card services.
  • Expert Insights: Gain valuable perspectives from guest speakers with deep expertise in the sector.

Why Attend?

  • Targeted Content: Discussions and content specifically relevant to the oil and fuel card industry.
  • Flexible Participation: Join the forum in a way that suits you best, either in person or online.
  • Industry Connectivity: Build valuable relationships and collaborations within your industry.
  • Professional Growth: Enhance your knowledge and skills in the oil and fuel card sector.

Registration

Please register to confirm your participation in the Oil & Fuel Card Ireland Forum, choosing either the in-person event in Dublin or the virtual Zoom session: christina@bakering.global

We look forward to welcoming you to this essential gathering of professionals in the oil and fuel card industry. Join us to engage in meaningful discussions, share best practices, and explore the future of oil and fuel card services in Ireland.

 


FMCG Ireland (Food, drink, tobacco): Dublin & Zoom - 13th June 2024

Ireland FMCG Group Credit Risk Forum

Date: 13th June 2024
Location: Dublin & Zoom
Industry Focus: Fast-Moving Consumer Goods (FMCG) – Food, Drink, Tobacco
Established: 2008


Event Overview

The Ireland FMCG Group Credit Risk Forum, established in 2008, is set to host its next meeting on 13th June 2024, in Dublin, with an option to join via Zoom. This significant forum brings together manufacturers and distributors from the Fast-Moving Consumer Goods (FMCG) sector, including confectionery, drinks, tobacco, frozen, ambient, and bakery industries. The forum offers a quarterly platform for discussing credit risk management, sharing best practices, and exploring industry-specific topics.

Dual Venue

The forum will be held in Dublin, offering an in-person experience, along with the option to participate virtually via Zoom. This hybrid approach ensures greater accessibility and convenience for all members.

Forum Highlights

  • Diverse Industry Representation: Attendees from various FMCG sectors, including food, drink, and tobacco.
  • Accounts for Discussion: Focused analysis of key accounts within the FMCG sector.
  • Best Practices: Sharing of effective strategies and experiences in credit risk management.
  • Industry-Specific Topics: Discussions on current trends and challenges in the FMCG market.
  • Guest Speakers: Insights from experts and industry leaders.
  • FMCG Export Meetings: Occasional meetings focusing on export-related topics, based on member requests.

Why Attend?

  • Specialized Focus: Tailored discussions relevant to the FMCG sector, particularly in food, drink, and tobacco.
  • Networking Opportunities: Connect with industry peers and leaders in both a physical and virtual setting.
  • Knowledge Enhancement: Stay informed about the latest developments and best practices in FMCG credit risk management.
  • Professional Development: Engage in a forum that supports learning and growth in the FMCG industry.

Registration

Please register your interest to attend the Ireland FMCG Group Credit Risk Forum in Dublin or via Zoom: christina@bakering.global

We look forward to welcoming you to this pivotal forum, where we will collectively address key issues and strategies pertinent to credit risk management in the FMCG sector. Join us for a day of insightful discussions, knowledge sharing, and networking in the vibrant city of Dublin or from the comfort of your home or office.


Asset Finance Credit Control and Collections: Birmingham - 12th June 2024

Asset Finance Credit Control and Collections Forum

Hosted by: Forums International

Date: 12th June 2024
Location: Birmingham
Format: In-Person
Industry Focus: Asset Finance Credit Control and Collections


Event Overview

Forums International is proud to host the Asset Finance Credit Control and Collections Forum, taking place in Birmingham. This event is a significant gathering for professionals within the asset finance sector, focusing specifically on credit control and collections. The forum aims to facilitate in-depth discussions on challenges, innovations, and best practices in asset finance credit management.

Venue

Set in the heart of Birmingham, the venue offers a conducive environment for professional engagement and learning. It provides an ideal setting for industry experts and practitioners to share insights and network.

Provisional Agenda

  • Critical Account Discussions: Focused dialogues on key accounts in the asset finance sector.
  • Credit Control Strategies: Exchange of effective techniques and successful approaches in credit control and collections.
  • Emerging Trends and Challenges: Exploration of new developments and the challenges they pose in asset finance.
  • Expert Insights: Perspectives from leading figures in the industry, offering valuable knowledge and experience.

Why Attend?

  • Specialised Focus: Direct attention to the specifics of credit control and collections within asset finance.
  • Networking Opportunities: Connect with peers, industry leaders, and influencers in an engaging setting.
  • Knowledge Enhancement: Stay updated with the latest strategies and trends in your field.
  • Expert Guidance: Gain insights from seasoned professionals and thought leaders.

Registration

Secure your place at this pivotal forum by reaching out to christina@bakering.global

We eagerly anticipate your participation in the Asset Finance Credit Control and Collections Forum, where we will delve into the crucial aspects of credit management in asset finance, driving forward our collective expertise and understanding in this dynamic field.


BPF Polymer Distributors & Compounders : Zoom only - 11th June 2024 AM

Event Overview

The BPF Polymer Distributors & Compounders Credit Forum, established in 2006, is set to convene its next meeting on the morning of 11th June 2024 AM, exclusively via Zoom. This forum, hosted in association with the British Plastics Federation, is a pivotal event for manufacturers in the polymer distribution and compounding industry. Held three times a year, the forum brings together industry professionals to discuss accounts, delve into relevant topics, engage in benchmarking, and share best practices.

Virtual Venue

To ensure broad accessibility and convenience, this session of the forum will be held online via Zoom, enabling members to participate and engage effectively from various locations.

Forum Highlights

  • Accounts for Discussion: Focused analysis and discussions on key accounts within the polymer industry.
  • Industry-Specific Topics: Exploration of current trends, challenges, and opportunities specific to polymer distribution and compounding.
  • Benchmarking: Comparative analysis and insights into industry practices and performance.
  • Best Practice Sharing: Exchange of effective strategies and experiences among industry peers.

Why Attend?

  • Specialized Focus: Tailored discussions relevant to the polymer distribution and compounding sector.
  • Networking Opportunities: Connect with other professionals and industry leaders in a virtual setting.
  • Insightful Learning: Stay informed about the latest developments and best practices in the industry.
  • Professional Development: Enhance your knowledge and skills through collaborative learning.

Registration

Please register to participate in the BPF Polymer Distributors & Compounders Credit Forum by emailing christina@bakering.global

We look forward to your valuable participation, where we will collectively explore and discuss the critical aspects of credit management in the polymer distribution and compounding industry. Join us for an insightful session of knowledge sharing and professional engagement.


Metals & Steel Credit Risk Forum : Zoom only - 11th June 2024 PM

Metals & Steel Credit Risk Forum

Date: 11th June 2024 PM
Format: Zoom only
Industry Focus: Metals & Steel
Established: 2021


Event Overview

Introduced in 2021, the Metals & Steel Credit Risk Forum is scheduled for an afternoon session on 11th June 2024 PM. This forum is a key gathering for companies associated with the metals and steel industry. It provides a unique platform for discussions on industry-specific topics, benchmarking, and insights from guest speakers, all centered around the theme of credit risk in the metals and steel sector.

Virtual Venue

To facilitate participation from various geographic locations, this forum will be conducted exclusively via Zoom. This online format ensures accessibility and convenience for all attendees.

Forum Highlights

  • Industry-Specific Discussions: Focused conversations on current topics relevant to the metals and steel industry.
  • Benchmarking: Opportunities to compare and contrast business practices with industry peers.
  • Guest Speakers: Insights and perspectives from experts and thought leaders in the metals and steel sector.
  • Industry Insights: Exploration of the latest trends, challenges, and opportunities in the field.

Why Attend?

  • Specialized Content: Tailored discussions and content specifically relevant to the metals and steel industry.
  • Virtual Networking: Connect and engage with industry professionals and leaders from across the globe.
  • Knowledge Enhancement: Stay updated with current practices, trends, and strategies in the industry.
  • Professional Growth: Opportunity to gain insights that can contribute to your personal and professional development.

Registration

Please register for the Metals & Steel Credit Risk Forum to ensure your participation in this important industry event: christina@bakering.global

Join us for an enriching afternoon session where we dive into the complexities and nuances of credit risk management specific to the metals and steel industry. This forum promises to be an insightful experience, fostering knowledge sharing and professional advancement in this vital sector.


International Freight & Logistics Forum: London - 6th June 2024

International Freight & Logistics Forum

Date: 6th June 2024
Location: London
Industry Focus: International Freight & Logistics


Event Overview

The International Freight & Logistics Forum is scheduled for 6th June 2024, in London. This forum is an essential gathering for professionals and companies involved in the international freight and logistics industry. It offers a platform for discussing the latest trends, challenges, and innovations in the field, providing valuable insights into the complexities of global logistics and freight management.

Venue

Set in the dynamic city of London, the chosen venue provides an ideal setting for industry leaders and professionals to come together. The location facilitates easy accessibility for both local and international attendees, enhancing the opportunity for networking and collaboration.

Forum Highlights

  • Industry-Specific Discussions: Engage in in-depth conversations on current topics relevant to international freight and logistics.
  • Networking Opportunities: Connect with industry peers, experts, and thought leaders.
  • Innovative Solutions: Explore new technologies and strategies that are shaping the future of international logistics.
  • Expert Insights: Gain valuable perspectives from guest speakers renowned in the freight and logistics sectors.

Why Attend?

  • Strategic Knowledge: Enhance your understanding of global freight and logistics in today’s ever-evolving market.
  • Collaborative Environment: Share experiences and strategies with other professionals in the field.
  • Stay Ahead: Keep up with the latest trends and advancements in international freight and logistics.
  • Professional Growth: Leverage this platform for networking and career development.

Registration

To confirm your attendance at the International Freight & Logistics Forum, please register as soon as possible: christina@bakering.global

We eagerly anticipate your participation in this pivotal event, where industry professionals will unite to navigate the future of international freight and logistics. Join us for a day of insightful discussions and networking in the heart of London.


Beauty and Wellbeing : London & Zoom - 16th May 2024

Beauty & Wellbeing Credit Risk Forum

Date: 16th May 2024
Location: London & Zoom
Frequency: Quarterly Meetings
Industry Focus: Beauty & Wellbeing (Manufacturers & Distributors)


Event Overview

The Beauty & Wellbeing Credit Risk Forum, a long-established gathering, invites you to its next meeting on 16th May 2024. This forum, which meets quarterly in London and is accessible via Zoom, is a hub for manufacturers and distributors of leading beauty, haircare, cosmetics, fragrances, and wellbeing products. The forum’s agenda is meticulously curated to cover a wide range of pertinent topics for professionals in the beauty and wellbeing industry.

Dual Venue

Reflecting the forum’s commitment to accessibility and inclusivity, attendees can choose to join in person in the vibrant city of London or virtually through Zoom. This flexible format is designed to cater to a diverse group of members from different geographies.

Forum Highlights

  • Diverse Membership: Key players from the beauty and wellbeing sectors, encompassing manufacturers and distributors.
  • Best Practice Sessions: Sharing of effective strategies and experiences in credit risk management.
  • Focused Discussions: In-depth analysis of specific accounts and relevant industry topics.
  • Process Improvement Sessions: Exploring opportunities for enhancing operational efficiency.
  • Guest Speakers: Insights and perspectives from industry experts and thought leaders.

Why Attend?

  • Hybrid Accessibility: Flexibility to participate either in person or online.
  • Networking Opportunities: Connect with a wide range of industry peers and leaders.
  • Industry-Specific Learning: Gain insights into credit risk management tailored to the beauty and wellbeing sectors.
  • Interactive Agenda: Engage in meaningful discussions and benchmarking activities.

Registration

Please register your interest to participate in the Beauty & Wellbeing Credit Risk Forum, either for the London in-person event or the Zoom session: christina@bakering.global

We look forward to welcoming you to this essential forum, where you can contribute to and benefit from the collective knowledge and expertise that drives the beauty and wellbeing industry forward. Join us in shaping the future of credit risk management in our dynamic sector.


Construction UK: Castle Donington & Zoom - 14th May 2024

Construction UK Credit Risk Forum

Date: Tuesday, 6th February 2024
Location: Castle Donington & Zoom
Frequency: Quarterly Meetings
Industry Focus: Construction Credit Risk


Event Overview

Established in 2006, the Construction UK Credit Risk Forum proudly continues its tradition of bringing together over 30 member companies for its next session on Tuesday, 6th February 2024. This forum, known for its insightful quarterly meetings, will be held both in Castle Donington & Zoom, accommodating a wider range of participants. Membership comprises companies from various sectors, including hire, electrical, plumbing, building, and, since 2019, engineering suppliers.

Dual Venue

This event offers the flexibility of attending in person in Castle Donington or Zoom. This hybrid model ensures broader accessibility and convenience for all members, regardless of their location.

Forum Highlights

  • Diverse Membership: Companies from hire, electrical, plumbing, building, and engineering supply sectors.
  • Focused Discussions: In-depth analysis and discussion on current topics in construction credit risk.
  • Benchmarking Sessions: Opportunities for comparative analysis and learning from peers.
  • Guest Speakers: Insights from industry leaders and experts.
  • Industry Insight: Exploring the latest trends, challenges, and opportunities.

Why Attend?

  • Hybrid Accessibility: Join in person or virtually, ensuring no one misses out.
  • Networking Opportunities: Connect with a wide range of professionals from various construction sectors.
  • Learning and Development: Gain valuable knowledge and insights to enhance your business practices.
  • Sharing Best Practices: Learn from the experiences and strategies of other industry members.

Registration

To participate in the Construction UK Credit Risk Forum, please register your interest for either the in-person event in Castle Donington & Zoom session – contact christina@bakering.global

We look forward to your valuable participation in this forum, where we aim to collectively advance our understanding and practices in construction credit risk management. Join us to be a part of this dynamic and evolving conversation.


BHETA Housewares & Small Electricals: Zoom Conference - 23rd April 2024 AM

BHETA Housewares & Small Electricals Credit Risk Forum (Zoom Videoconference)

Date: Tuesday, 23rd January 2024
Time: Morning Session
Format: Zoom Videoconference
Hosted by: British Home Enhancement Trade Association (BHETA)
Industry Focus: Housewares & Small Electricals

Event Overview

Join us for the BHETA Housewares & Small Electricals Credit Risk Forum, a vital virtual meeting place for credit professionals in the housewares and small electricals sector. This event is part of the British Home Enhancement Trade Association’s initiative to provide a platform for discussing accounts, sharing best practices, and addressing the latest topics in the industry.

Virtual Venue

The forum will take place via Zoom, allowing members from across the country to participate and engage in discussions from the comfort of their own offices or homes.

Provisional Agenda

  • Accounts for Discussion: Focused talks and collaborative discussions on key accounts within the sector.
  • Best Practices: Sharing of effective strategies and insights for credit management in the housewares and small electricals industry.
  • Latest Industry Topics: Delving into current trends, challenges, and opportunities.
  • Guest Speakers: Hear from experts providing insights and updates relevant to the industry.

Why Attend?

  • Targeted Industry Insights: Gain a deep understanding of credit management specific to the housewares and small electricals sector.
  • Networking Opportunities: Connect with fellow professionals and industry leaders virtually.
  • Knowledge Sharing: Stay informed about the latest developments and best practices in your industry.
  • Expert Guidance: Benefit from the experiences and advice of guest speakers and industry veterans.

Registration

Please register for this insightful event by contacting sales@bakering.global

We look forward to your participation in the BHETA Housewares & Small Electricals Credit Risk Forum, where we’ll explore and discuss key topics crucial to the success of credit management within this dynamic sector.


BHETA DIY & Gardening: Zoom Conference - 23rd April 2024 PM

BHETA Housewares & Small Electricals Credit Risk Forum (Zoom Videoconference)

Date: Tuesday, 23rd January 2024
Time: Morning Session
Format: Zoom Videoconference
Hosted by: British Home Enhancement Trade Association (BHETA)
Industry Focus: Housewares & Small Electricals

Event Overview

Join us for the BHETA Housewares & Small Electricals Credit Risk Forum, a vital virtual meeting place for credit professionals in the housewares and small electricals sector. This event is part of the British Home Enhancement Trade Association’s initiative to provide a platform for discussing accounts, sharing best practices, and addressing the latest topics in the industry.

Virtual Venue

The forum will take place via Zoom, allowing members from across the country to participate and engage in discussions from the comfort of their own offices or homes.

Provisional Agenda

  • Accounts for Discussion: Focused talks and collaborative discussions on key accounts within the sector.
  • Best Practices: Sharing of effective strategies and insights for credit management in the housewares and small electricals industry.
  • Latest Industry Topics: Delving into current trends, challenges, and opportunities.
  • Guest Speakers: Hear from experts providing insights and updates relevant to the industry.

Why Attend?

  • Targeted Industry Insights: Gain a deep understanding of credit management specific to the housewares and small electricals sector.
  • Networking Opportunities: Connect with fellow professionals and industry leaders virtually.
  • Knowledge Sharing: Stay informed about the latest developments and best practices in your industry.
  • Expert Guidance: Benefit from the experiences and advice of guest speakers and industry veterans.

Registration

Please register for this insightful event by contacting sales@bakering.global

We look forward to your participation in the BHETA Housewares & Small Electricals Credit Risk Forum, where we’ll explore and discuss key topics crucial to the success of credit management within this dynamic sector.


FMCG UK (Food, drink, tobacco): Sheffield - 18th April 2024

FMCG Credit Risk Forum – UK

Date: Thursday, 18th April 2024
Location: Sheffield
Industry Focus: Fast Moving Consumer Goods (FMCG) – Food, Drink, Tobacco
Established: 1980s


Event Overview

The FMCG Credit Risk Forum, a prestigious event established in the 1980s, invites members to its next meeting on Thursday, 18th April 2024, in Sheffield. This forum, with over 30 members, convenes quarterly in various hotel locations across the country, often featuring a group dinner the night before the meeting. It brings together companies from the confectionery, drinks, tobacco, frozen, ambient, and bakery sectors. The forum is a key platform for discussing credit risk management, sharing best practices, and exploring industry-specific topics.

Venue

The chosen venue in Sheffield offers a prime setting for professional engagement and learning. It provides an ideal environment for industry experts and practitioners to share insights and network in a comfortable and hospitable atmosphere.

Forum Highlights

  • Diverse Industry Representation: Attendees from various FMCG sectors, including food, drink, and tobacco.
  • Accounts for Discussion: In-depth analysis of key accounts within the FMCG sector.
  • Best Practice Sharing: Exchange of effective strategies and experiences in credit risk management.
  • Industry-Specific Topics: Discussions on current trends and challenges in the FMCG market.
  • Guest Speakers: Insights from experts and industry leaders.

Why Attend?

  • Specialized Focus: Tailored discussions relevant to the FMCG sector, particularly in food, drink, and tobacco.
  • Networking Opportunities: Connect with industry peers and leaders in a relaxed yet professional setting.
  • Knowledge Enhancement: Stay informed about the latest developments and best practices in FMCG credit risk management.
  • Professional Development: Engage in a forum that supports learning and growth in the FMCG industry.

Registration

Please register your interest to attend the FMCG Credit Risk Forum in Sheffield: christina@bakering.global

We look forward to welcoming you to this important forum, where we will collectively address key issues and strategies pertinent to credit risk management in the FMCG sector. Join us for a day of insightful discussions, knowledge sharing, and networking in the vibrant city of Sheffield.


Construction North Credit Risk Forum: Newcastle - 16th April 2024

Construction North Credit Risk Forum

Date: Thursday, 25th January 2024
Location: Newcastle
Frequency: Quarterly Meetings
Industry Focus: Construction Credit Risk


Event Overview

The Construction North Credit Risk Forum, a notable event established in 2006, is set to convene on Thursday, 25th January 2024, in Leeds. This forum brings together over 30 members from various sectors within the construction industry, including hire, electrical, plumbing, building, and now engineering suppliers (included since 2019). the Forum is for credit professionals involved in the construction industry, and focusses on companies that supply product to customers predominantly in the North of England – from Liverpool, Manchester, Sheffield and Hull upward.

Venue

The chosen venue in Newcastle offers a prime location for members from different regions to convene. It provides a professional setting conducive to productive discussions and networking.

Forum Highlights

  • Diverse Membership: Participation from companies across hire, electrical, plumbing, building, and engineering supply sectors.
  • In-Depth Discussions: Engaging conversations on current topics relevant to construction credit risk.
  • Benchmarking Sessions: Comparative analysis of practices and performance metrics.
  • Guest Speakers: Insights from industry experts and thought leaders.
  • Industry Insight: Sharing of the latest trends, challenges, and opportunities in the construction credit sector.

Why Attend?

  • Comprehensive Coverage: Broad spectrum of topics addressing key aspects of construction credit risk.
  • Network Building: Opportunities to connect with a diverse group of professionals and companies.
  • Knowledge Enrichment: Gain valuable insights and information to enhance your business practices.
  • Experience Sharing: Engage in benchmarking and learn from the experiences of other members.

Membership and Participation

This forum is ideal for professionals and companies involved in construction credit risk. To participate in the Construction North Credit Risk Forum in Newcastle, please contact christina@bakering.global

Join us in Newcastle for an engaging and informative session that promises to enhance your understanding and management of credit risk in the construction industry.


Petroleum Distributors Intelligence Unit (PDIU) : Liverpool - 10th April 2024

Petroleum Distributors Intelligence Unit (PDIU) Meeting

Date: Tuesday, 13th February 2024
Location: Liverpool
Industry Focus: Petroleum Distribution


Event Overview

The Petroleum Distributors Intelligence Unit (PDIU) meeting is scheduled to take place on Tuesday, 13th February 2024, in Liverpool. This important gathering, initially planned for the 17th of January, brings together key players in the petroleum distribution sector. The PDIU meeting is an essential forum for discussing industry trends, challenges, and strategies specific to petroleum distribution.

Venue

The meeting will be held in Liverpool, providing a central location for attendees. The chosen venue offers a professional setting conducive to productive discussions and networking among industry professionals.

Meeting Highlights

  • Industry-Specific Discussions: Engage in focused conversations pertinent to the petroleum distribution sector.
  • Networking Opportunities: Connect and collaborate with peers and industry leaders.
  • Strategic Insights: Gain valuable insights into the latest trends and challenges facing the industry.
  • Expert Presentations: Benefit from presentations and sessions led by experienced professionals and thought leaders in the field.

Why Attend?

  • Targeted Content: Sessions and discussions are specifically tailored to the needs and interests of the petroleum distribution community.
  • Collaborative Environment: Foster meaningful connections and collaborations with industry counterparts.
  • Knowledge Enhancement: Stay updated with the latest developments and best practices within the industry.
  • Professional Growth: Leverage the meeting to gain insights that can drive personal and professional development.

Registration

To confirm your attendance at the Petroleum Distributors Intelligence Unit meeting in Liverpool, please register as soon as possible: christina@bakering.global

We look forward to welcoming you to this significant event, where we will collectively delve into and address key aspects of the petroleum distribution industry. Join us for a day of insightful discussions and networking opportunities.


FMCG Ireland (Food, drink, tobacco): Dublin & Zoom - 21st March 2024

Ireland FMCG Group Credit Risk Forum

Date: Thursday, 21st March 2024
Location: Dublin & Zoom
Industry Focus: Fast-Moving Consumer Goods (FMCG) – Food, Drink, Tobacco
Established: 2008


Event Overview

The Ireland FMCG Group Credit Risk Forum, established in 2008, is set to host its next meeting on Thursday, 21st March 2024, in Dublin, with an option to join via Zoom. This significant forum brings together manufacturers and distributors from the Fast-Moving Consumer Goods (FMCG) sector, including confectionery, drinks, tobacco, frozen, ambient, and bakery industries. The forum offers a quarterly platform for discussing credit risk management, sharing best practices, and exploring industry-specific topics.

Dual Venue

The forum will be held in Dublin, offering an in-person experience, along with the option to participate virtually via Zoom. This hybrid approach ensures greater accessibility and convenience for all members.

Forum Highlights

  • Diverse Industry Representation: Attendees from various FMCG sectors, including food, drink, and tobacco.
  • Accounts for Discussion: Focused analysis of key accounts within the FMCG sector.
  • Best Practices: Sharing of effective strategies and experiences in credit risk management.
  • Industry-Specific Topics: Discussions on current trends and challenges in the FMCG market.
  • Guest Speakers: Insights from experts and industry leaders.
  • FMCG Export Meetings: Occasional meetings focusing on export-related topics, based on member requests.

Why Attend?

  • Specialized Focus: Tailored discussions relevant to the FMCG sector, particularly in food, drink, and tobacco.
  • Networking Opportunities: Connect with industry peers and leaders in both a physical and virtual setting.
  • Knowledge Enhancement: Stay informed about the latest developments and best practices in FMCG credit risk management.
  • Professional Development: Engage in a forum that supports learning and growth in the FMCG industry.

Registration

Please register your interest to attend the Ireland FMCG Group Credit Risk Forum in Dublin or via Zoom: christina@bakering.global

We look forward to welcoming you to this pivotal forum, where we will collectively address key issues and strategies pertinent to credit risk management in the FMCG sector. Join us for a day of insightful discussions, knowledge sharing, and networking in the vibrant city of Dublin or from the comfort of your home or office.


Oil & Fuel card Ireland: Dublin & Zoom - 21st March 2024

Oil & Fuel Card Ireland Forum

Date: Thursday, 21st March 2024
Location: Dublin & Zoom
Industry Focus: Oil & Fuel Card Services


Event Overview

The Oil & Fuel Card Ireland Forum is scheduled to take place on Thursday, 21st March 2024, offering both in-person attendance in Dublin and virtual participation via Zoom. This forum is specifically designed for professionals and companies involved in the oil and fuel card sector in Ireland. It serves as a key platform for discussing industry trends, challenges, and opportunities, as well as for sharing knowledge and best practices related to oil and fuel card services.

Dual Venue

Recognizing the diverse locations of its members, the forum will be conducted both in Dublin for local attendees and via Zoom for those who prefer or need to join remotely. This hybrid format ensures broad accessibility and engagement.

Forum Highlights

  • Industry-Specific Discussions: Focused sessions on topics pertinent to the oil and fuel card industry.
  • Networking Opportunities: A chance to connect with industry peers, experts, and thought leaders in both a physical and virtual setting.
  • Knowledge Exchange: Sharing of insights and strategies for managing and growing oil and fuel card services.
  • Expert Insights: Gain valuable perspectives from guest speakers with deep expertise in the sector.

Why Attend?

  • Targeted Content: Discussions and content specifically relevant to the oil and fuel card industry.
  • Flexible Participation: Join the forum in a way that suits you best, either in person or online.
  • Industry Connectivity: Build valuable relationships and collaborations within your industry.
  • Professional Growth: Enhance your knowledge and skills in the oil and fuel card sector.

Registration

Please register to confirm your participation in the Oil & Fuel Card Ireland Forum, choosing either the in-person event in Dublin or the virtual Zoom session: christina@bakering.global

We look forward to welcoming you to this essential gathering of professionals in the oil and fuel card industry. Join us to engage in meaningful discussions, share best practices, and explore the future of oil and fuel card services in Ireland.

 


International Freight & Logistics Forum: London - 14th March 2024

International Freight & Logistics Forum

Date: Thursday, 14th March 2024
Location: London
Industry Focus: International Freight & Logistics


Event Overview

The International Freight & Logistics Forum is scheduled for Thursday, 14th March 2024, in London. This forum is an essential gathering for professionals and companies involved in the international freight and logistics industry. It offers a platform for discussing the latest trends, challenges, and innovations in the field, providing valuable insights into the complexities of global logistics and freight management.

Venue

Set in the dynamic city of London, the chosen venue provides an ideal setting for industry leaders and professionals to come together. The location facilitates easy accessibility for both local and international attendees, enhancing the opportunity for networking and collaboration.

Forum Highlights

  • Industry-Specific Discussions: Engage in in-depth conversations on current topics relevant to international freight and logistics.
  • Networking Opportunities: Connect with industry peers, experts, and thought leaders.
  • Innovative Solutions: Explore new technologies and strategies that are shaping the future of international logistics.
  • Expert Insights: Gain valuable perspectives from guest speakers renowned in the freight and logistics sectors.

Why Attend?

  • Strategic Knowledge: Enhance your understanding of global freight and logistics in today’s ever-evolving market.
  • Collaborative Environment: Share experiences and strategies with other professionals in the field.
  • Stay Ahead: Keep up with the latest trends and advancements in international freight and logistics.
  • Professional Growth: Leverage this platform for networking and career development.

Registration

To confirm your attendance at the International Freight & Logistics Forum, please register as soon as possible: christina@bakering.global

We eagerly anticipate your participation in this pivotal event, where industry professionals will unite to navigate the future of international freight and logistics. Join us for a day of insightful discussions and networking in the heart of London.


Asset Finance Credit Control and Collections: Birmingham - 13th March 2024

Asset Finance Credit Control and Collections Forum

Hosted by: Forums International

Date: Wednesday, 24th January 2024
Location: Birmingham
Format: In-Person
Industry Focus: Asset Finance Credit Control and Collections


Event Overview

Forums International is proud to host the Asset Finance Credit Control and Collections Forum, taking place in Birmingham. This event is a significant gathering for professionals within the asset finance sector, focusing specifically on credit control and collections. The forum aims to facilitate in-depth discussions on challenges, innovations, and best practices in asset finance credit management.

Venue

Set in Birmingham, the venue offers a conducive environment for professional engagement and learning. It provides an ideal setting for industry experts and practitioners to share insights and network.

Provisional Agenda

  • Critical Account Discussions: Focused dialogues on key accounts in the asset finance sector.
  • Credit Control Strategies: Exchange of effective techniques and successful approaches in credit control and collections.
  • Emerging Trends and Challenges: Exploration of new developments and the challenges they pose in asset finance.
  • Expert Insights: Perspectives from leading figures in the industry, offering valuable knowledge and experience.

Why Attend?

  • Specialised Focus: Direct attention to the specifics of credit control and collections within asset finance.
  • Networking Opportunities: Connect with peers, industry leaders, and influencers in an engaging setting.
  • Knowledge Enhancement: Stay updated with the latest strategies and trends in your field.
  • Expert Guidance: Gain insights from seasoned professionals and thought leaders.

Registration

Secure your place at this pivotal forum by reaching out to christina@bakering.global

We eagerly anticipate your participation in the Asset Finance Credit Control and Collections Forum, where we will delve into the crucial aspects of credit management in asset finance, driving forward our collective expertise and understanding in this dynamic field.


BPF Polymer Distributors & Compounders : Zoom only - 12th March 2024 AM

Event Overview

The BPF Polymer Distributors & Compounders Credit Forum, established in 2006, is set to convene its next meeting on the morning of Tuesday, 12th March 2024, exclusively via Zoom. This forum, hosted in association with the British Plastics Federation, is a pivotal event for manufacturers in the polymer distribution and compounding industry. Held three times a year, the forum brings together industry professionals to discuss accounts, delve into relevant topics, engage in benchmarking, and share best practices.

Virtual Venue

To ensure broad accessibility and convenience, this session of the forum will be held online via Zoom, enabling members to participate and engage effectively from various locations.

Forum Highlights

  • Accounts for Discussion: Focused analysis and discussions on key accounts within the polymer industry.
  • Industry-Specific Topics: Exploration of current trends, challenges, and opportunities specific to polymer distribution and compounding.
  • Benchmarking: Comparative analysis and insights into industry practices and performance.
  • Best Practice Sharing: Exchange of effective strategies and experiences among industry peers.

Why Attend?

  • Specialized Focus: Tailored discussions relevant to the polymer distribution and compounding sector.
  • Networking Opportunities: Connect with other professionals and industry leaders in a virtual setting.
  • Insightful Learning: Stay informed about the latest developments and best practices in the industry.
  • Professional Development: Enhance your knowledge and skills through collaborative learning.

Registration

Please register to participate in the BPF Polymer Distributors & Compounders Credit Forum by emailing christina@bakering.global

We look forward to your valuable participation, where we will collectively explore and discuss the critical aspects of credit management in the polymer distribution and compounding industry. Join us for an insightful session of knowledge sharing and professional engagement.


Metals & Steel Credit Risk Forum : Zoom only - 12th March 2024 PM

Metals & Steel Credit Risk Forum

Date: Tuesday, 12th March 2024, Afternoon Session
Format: Zoom only
Industry Focus: Metals & Steel
Established: 2021


Event Overview

Introduced in 2021, the Metals & Steel Credit Risk Forum is scheduled for an afternoon session on Tuesday, 12th March 2024. This forum is a key gathering for companies associated with the metals and steel industry. It provides a unique platform for discussions on industry-specific topics, benchmarking, and insights from guest speakers, all centered around the theme of credit risk in the metals and steel sector.

Virtual Venue

To facilitate participation from various geographic locations, this forum will be conducted exclusively via Zoom. This online format ensures accessibility and convenience for all attendees.

Forum Highlights

  • Industry-Specific Discussions: Focused conversations on current topics relevant to the metals and steel industry.
  • Benchmarking: Opportunities to compare and contrast business practices with industry peers.
  • Guest Speakers: Insights and perspectives from experts and thought leaders in the metals and steel sector.
  • Industry Insights: Exploration of the latest trends, challenges, and opportunities in the field.

Why Attend?

  • Specialized Content: Tailored discussions and content specifically relevant to the metals and steel industry.
  • Virtual Networking: Connect and engage with industry professionals and leaders from across the globe.
  • Knowledge Enhancement: Stay updated with current practices, trends, and strategies in the industry.
  • Professional Growth: Opportunity to gain insights that can contribute to your personal and professional development.

Registration

Please register for the Metals & Steel Credit Risk Forum to ensure your participation in this important industry event: christina@bakering.global

Join us for an enriching afternoon session where we dive into the complexities and nuances of credit risk management specific to the metals and steel industry. This forum promises to be an insightful experience, fostering knowledge sharing and professional advancement in this vital sector.


Fashion Export : Zoom only - 7th March 2024

Fashion, Apparel & Accessories Exporters Forum

Date: Thursday, 7th March 2024
Time: 11 am (1 hour duration)
Format: Zoom only
Industry Focus: Fashion, Apparel, and Accessories Export (Manufacturers & Distributors)


Event Overview

Established in 2020 as a response to the challenges posed by the Covid-19 crisis, the Fashion, Apparel & Accessories Exporters Forum is a vital platform for manufacturers and distributors in the fashion industry. Scheduled for Thursday, 7th March 2024, at 11 am, this forum focuses on discussing credit risk issues in various countries and regions around the world. This event is exclusively for members who are navigating the complex landscape of international trade in the fashion sector.

Virtual Venue

Given the international nature of the discussions, the forum will be held via Zoom. This online format ensures global accessibility and allows members from different geographical locations to participate and engage effectively.

Forum Highlights

  • Global Credit Risk Discussions: In-depth analysis of credit risk issues specific to different countries and regions.
  • Manufacturers & Distributors: Tailored content for those in the fashion manufacturing and distribution sectors.
  • Country-Specific Insights: Sharing experiences and strategies for managing credit risk in various global markets.
  • Networking Opportunities: Connect with industry peers facing similar international trade challenges.
  • Expert Presentations: Insights from seasoned professionals with expertise in global fashion trade.

Why Attend?

  • Focused Global Perspective: Gain insights into managing credit risks in the ever-evolving landscape of global fashion export.
  • Collaborative Learning: Share and learn from the experiences of others in similar roles and markets.
  • Strategic Planning: Enhance your approach to international credit management in the fashion industry.
  • Virtual Networking: Build connections with a diverse group of professionals from across the globe.

Registration

To join this essential discussion on fashion export credit risks, please register for the Zoom event: christina@bakering.global

We look forward to your participation in the Fashion, Apparel & Accessories Exporters Forum. This is an unparalleled opportunity to deepen your understanding of global market challenges and credit risk strategies in the dynamic world of fashion export.


Baker Ing Bulletin: 23rd February 2024

Polymetal's Move, German Bets, CEE Shakes, EU Sanction Storm, and Germany's Economic Outlook — Baker Ing Bulletin

Is it Friday already?! Welcome once again to The Baker Ing Bulletin, where we serve up a dish of the week’s most tantalising economic tales, all with a side of trade credit intrigue.

First up, Polymetal International bails on Russia faster than you can say “sanctions,” flipping its operations for a cool $3.69 billion. Meanwhile, German firms are pouring cash into the US like it’s the last round at a bar. Over in the CEE, wages are popping like champagne corks, stirring up the pot for businesses banking on stable costs. Then there’s the EU’s latest sanctions saga turning the heat up on Russia, pulling Chinese companies into the mix. And for the grand finale, we offer a deep dive into Germany’s economy, providing credit professionals with intel they need to navigate the stormy seas ahead with confidence.

Buckle-up…

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Gold Rush or Bust? Polymetal Ditches Russia 🏃💰

The divestiture of Polymetal International plc’s Russian operations to JSC Mangazeya Plus for $3.69 billion is particularly interesting due to the nuanced interplay of geopolitical risk and its direct implications on credit management within the precious metals sector and beyond. The transaction, set against a backdrop of potential nationalisation/expropriation by the Russian government, offers insights for managing credit risks in volatile geopolitical environments.

The valuation of Polymetal Russia at 5.3 times its enterprise value/EBITDA under the terms of the deal serves as a valuable reference point when evaluating companies facing similar geopolitical challenges or operating in at-risk industries. Valuations are influenced not just by a company’s financials but also by external geopolitical pressures – Polymetal gives us an indication of by how much this might be so. By integrating this valuation as a scenario-based metric in credit risk models, credit managers may be able to better understand the impact of geopolitical tensions on company valuations and their subsequent creditworthiness. Adjusting risk premiums to reflect this layer of uncertainty helps ensure these models are more aligned with the real risk environment.

The transaction’s strategic rationale, aimed at removing or substantially mitigating critical political, legal, financial, and operational risks points towards the importance of continuously monitoring geopolitical developments and their potential impact on the creditworthiness of counterparties. Furthermore, Polymetal’s board recommendation for shareholder approval of the deal highlights the role of corporate governance in managing credit risks. Trade credit should advocate for and participate in cross-functional teams that assess and respond to geopolitical risks, ensuring that credit perspectives are integral to corporate strategy and risk management frameworks. Here’s your case study to get that buy-in.

Polymetal International’s divestiture of its Russian operations to JSC Mangazeya Plus is not just a manoeuvre to evade the risks of nationalisation or expropriation; it is a case study in the imperative for credit professionals to integrate geopolitical risk assessment into credit management strategies and to be involved in corporate strategy. This transaction illustrates the need for dynamic, nuanced approaches to managing trade credit risks in industries and regions susceptible to geopolitical volatility – which is increasingly many.


American Dream or EU Nightmare? German Giants Bet Big 🇩🇪🇺🇸

There’s been quite the surge of German capital investment into the United States lately, highlighted by a record $15.7 billion in 2023. This influx, largely incentivised by the Inflation Reduction Act and Chips and Science Act, signals a strategic pivot not just for German corporations but for credit professionals too.

Its not merely in the volume of capital flowing from Germany to the US that’s interesting, but the fact that as German companies ramp up their presence in the US, particularly within the manufacturing sector, trade credit is presented with a complex matrix of risks and opportunities to decode…

Firstly, the move reflects a broader trend of diversification away from traditional markets like China, in favour of the perceived stability and growth potential within the US. This shift, underscored by significant projects like Volkswagen’s Scout Motors’ $2 billion investment in South Carolina, necessitates a recalibration of risk assessment models. The geopolitical undertones of this shift—from Europe’s stringent regulatory environment and China’s market uncertainties to the US’s welcoming investment climate—add layers of complexity to credit decision-making.

Understanding the strategic motivations behind these investments is crucial. German firms are not merely seeking safe harbour; they are strategically positioning themselves within a market that promises substantial growth, driven by a robust policy framework and incentives for manufacturing and tech innovation. For credit managers, this requires a deeper dive into the stability and long-term prospects of these investments, beyond conventional financial metrics and into geopolitical and policy-driven risks and opportunities.

Moreover, the sector-specific nature of these investments—largely centered on manufacturing and technology—presents a double-edged sword. On one hand, there’s the potential for enhanced business with new entrants and expanded operations of existing players, offering a broader base for trade credit activities. On the other, there’s increased competition and sectoral volatility, particularly as new technologies and manufacturing capabilities evolve under the banner of these investments.

The role of trade credit in this evolving shift extends beyond mere risk assessment to strategic partnership and advisory, guiding clients and customers through the complexities of engaging with or competing against these German investments. This entails not just adjusting credit policies and terms to reflect the new risk landscape but also identifying opportunities for collaboration and growth that these investments may herald.

The surge in German investment into the US, therefore, is not just a testament to shifting global capital flows but a call to trade credit managers. It demands a sophisticated, nuanced approach to credit management that accounts for the geopolitical, sectoral, and policy dimensions shaping the future of US-German trade relations. As this new chapter unfolds, the strategic insights and actions of credit professionals will be pivotal in navigating the opportunities and challenges ahead, ensuring that our firms can capitalise on this wave of investment whilst mitigating the inherent risks it brings.


CEE's Wages: Tightrope Walk for Shared Service Centers 📈🌍

As Central and Eastern Europe (CEE) showcases a vibrant tableau of economic indicators, the spotlight turns sharply to the burgeoning wage growth across the region—a trend stirring both optimism and caution among credit professionals. With Poland leading the charge, boasting a remarkable 12.8% year-on-year wage growth in January, a wider view unfolds across the CEE, revealing a complex dance of economic vitality and inflationary pressures.

At the heart of matters for many credit functions is the burgeoning challenge for businesses leveraging shared service centres in the CEE. These hubs, central to the operational efficiency of multinational corporations, now face the headwinds of escalating labour costs, underscored by wage growth figures out of Poland, Croatia, and beyond. Croatia’s real wage growth, hitting an impressive 8.6% year-on-year in December, mirrors a region-wide trend that, while signalling economic health, also poses nuanced challenges for maintaining competitive operational costs long-term.

This economic dynamism, however, isn’t confined to wage metrics alone. The CEE’s unemployment offers additional layers of insight, with Slovakia maintaining a modest 5.2% in January, juxtaposed against Croatia’s uptick to 6.8%. These figures, when parsed alongside wage growth, paint a detailed picture of labour market tightness and the resultant wage pressures.

Moreover, the currency strength observed across the CEE adds another layer for consideration. The recent appreciation of CEE currencies against the euro not only impacts the cost-competitiveness of exports but also recalibrates the cost structure of shared service centres in the region. For multinational corporations, this currency movement could potentially inflate the local currency cost base.

Navigating this intricate economic environment necessitates engaging in a delicate balancing act, aligning operational and credit risk strategies with the new and nuanced economic realities of the CEE. This includes a proactive engagement with currency hedging mechanisms to mitigate the financial impact of currency fluctuations and even, perhaps, a strategic diversification of service centre locations to dilute the risk concentration in any single market long-term.

The evolving wage growth and economic conditions in the CEE region present a multifaceted challenge for trade credit managers. The path forward calls for a nuanced understanding of local economies, an agile approach to risk management, and a strategic recalibration that aligns operational efficiencies with the economic realities of wage inflation and currency movements. As we move deeper into 2024, the ability to navigate these complexities will increasingly define the resilience and competitiveness of businesses operating in the vibrant, yet challenging, economies of Central and Eastern Europe.


EU's Russia Sanctions Shake-Up: Credit Alert 🌍🔒

On the eve of the second anniversary of the conflict in Ukraine, the European Union has escalated its economic offensive against Russia, unfurling a new suite of sanctions that casts a wider net to include about 200 companies and individuals, notably bringing Chinese firms into the fold for their alleged support to Moscow’s military efforts. This latest manoeuvre, hailed as one of the EU’s broadest sanction packages, underscores an intensification of pressure.

For credit managers, particularly those navigating the complexities of international trade within and beyond the EU, this development could be a critical juncture. The inclusion of Chinese companies in the sanctions list is a clear signal of the EU’s commitment, potentially reshaping the landscape of global trade relationships and credit risks. The measures cut deep into the energy sector, banking, and high-technology components, presenting a multifaceted challenge. This extension of trade restrictions necessitates a recalibration of risk management strategies, especially for those with exposure to or operations within the targeted sectors.

Trade credit must now scrutinise the indirect exposure of our portfolios to sanctioned entities, including the complex supply chains that may inadvertently link to the Russian military-industrial complex or sanctioned Chinese companies. This involves a granular review of counterparties and their affiliations to ensure compliance and mitigate the risk of entanglement in the sanctions web.

The introduction of sanctions against Chinese companies suspected of supporting Russia’s military efforts also introduces a novel dimension of geopolitical risk. This could have ripple effects on the global supply chain and trade dynamics, necessitating a reassessment of credit risks associated with affected regions and industries. We’ll need to closely monitor the unfolding economic repercussions and adjust credit policies to navigate fallout.

As the sanctions take effect, staying ahead of the curve will be paramount for maintaining stability and resilience.


Navigating the Waters: Germany's Economic Landscape 🇩🇪🔍

In the rapidly evolving economic climate of 2024, the insights from Baker Ing’s Germany Spotlight Report gain new significance, especially in light of recent developments that impact Germany’s position on the global stage. With Germany at the forefront of the European Union’s latest sanctions against Russia and the nation’s strategic economic manoeuvres, such as substantial investments in the US, understanding the underlying dynamics of Germany’s economy is more crucial than ever for trade credit.

This report dives into the drivers of Germany’s economy, such as technological advancement and its role within the EU; instrumental in evaluating how recent economic policies and global events might influence Germany’s economic resilience and, consequently, credit risks.

Don’t miss the opportunity to gain a competitive edge in one of the world’s most influential economies. You can download the Germany Spotlight Report now at https://bakering.global/product/germany-spotlight-2023/


And so, as we close the book on another illuminating chapter of The Baker Ing Bulletin, I hope we have helped you traverse the labyrinthine world of credit with the curiosity of a scholar and the insight of a sage.

To our distinguished connoisseurs of commerce, those sagacious scholars of the ledger and ledgerdemain, we must remember that being well-informed is not just a feather in one’s cap; it is, indeed, the secret sauce to triumph! For a deeper dive into the narratives that shape our economic day-to-day, we encourage you to visit https://bakering.global/global-outlook/.

Until next time, may your balance be bountiful and your risk merely a mirage…


Baker Ing Bulletin: 16th Feb 2024

UK Stumbles, VW's Ethics Quagmire, EU's Law Limbo, Eurozone's Fiscal Shuffle, 3PL Exposé — Baker Ing Bulletin: 16th February 2024

Ah, the melodrama of the credit world! Welcome back to The Baker Ing Bulletin, where we take a wry squint at the week’s financial foibles and fumbles, focusing on what they might mean for trade credit.

Leading our parade of pecuniary puzzlements is Blighty’s own economy – less of a catastrophic collapse and more like an aristocrat fainting onto a chaise lounge – a peculiarly British spectacle of economic ennui.

Vorsprung durch Technik? Not on this occasion. Volkswagen finds itself in a bit of a pickle, with Uncle Sam’s boys in blue nabbing their swanky motors over some rather unsavory supply chain secrets. It’s a tale of high-end horsepower meeting low-end ethics, all unfolding like a Shakespearean tragedy set in a car showroom.

As for the Eurocrats, they’ve been busy (or perhaps not busy enough) with the Corporate Sustainability Due Diligence Directive. The grand plan for cleaning up corporate supply chains is, much like our well-intentioned New Year’s resolutions, facing the risk of being quietly shelved.

And then there’s the Eurozone, where the economic outlook is about as hard to pin down as diplomat dodging a direct question.

And for the pièce de résistance, we present Baker Ing’s own magnum opus on Third-Party Logistics. This report, peppered with insights, cuts through the complexities of logistics to deliver sharp analysis without delay.

So, dear readers, settle in for a jaunt through the week’s monetary maze, where every twist and turn is more intriguing than the last. It’s credit, but not as you know it…

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UK Economy Hits a Snag: Recession Creeps In 📉😬

The UK economy, often seen as a bastion of stability, has hit a rough patch, slipping into a recession that’s more about a slow burn than a dramatic plunge. With a GDP dip of 0.3% in the final quarter of 2023, it’s clear that the nation is facing a period of economic stagnation, a context that will have significant repercussions for credit professionals.

This recession, while modest in numbers, is a red flag for those in the business of credit. It’s not just about the current contraction, but the broader implications of a prolonged period of tepid growth that could well reshape the business landscape for the long-term. Key sectors like manufacturing, construction, and wholesale are already feeling the pinch, signaling potential cash flow challenges that could ripple through their credit chains.

In such times, the lessons from previous periods of economic stagnation are particularly instructive. They suggest a need for a more nuanced approach to credit risk assessment, going beyond traditional financial metrics to include a closer examination of current cash flows, market position, and the broader economic context. This level of analysis is crucial in identifying early warning signs of financial stress in client businesses.

The situation also calls for a strategic adjustment in credit policies. In a stagnating economy, businesses will seek longer payment terms to manage tight cash flows. While it’s important to support client relationships, trade credit must balance this with the increased risk of extended receivables. Crafting flexible but prudent credit solutions is key in this landscape. A scalable resource at the ready is also advisable to react quickly to changing circumstances.

Looking ahead, credit professionals must also keep an eye on policy responses from the government and central bank. While these measures aim to stimulate economic growth, they could have varied implications for different sectors. Understanding these policy shifts will be crucial in adjusting strategies accordingly.
The UK’s economic stagnation presents a complex challenge for credit. It requires a blend of in-depth financial analysis, adaptive credit policies, and a keen understanding of the broader economic environment. As ever however, for those that can navigate through these challenging times, there is now as much opportunity to reap rewards as there is succumbing to risk.


Volkswagen's Luxury Car Crisis: US Customs Cracks Down 🚗🚓

The recent seizure by US customs of thousands of luxury cars from the Volkswagen Group, including high-end brands like Porsche, Bentley, and Audi, has sent shockwaves through the automotive industry and beyond. This enforcement action, triggered by allegations of forced labor in China’s Xinjiang region (a risk previously covered in this Newsletter), shines a spotlight on the intricate and often opaque world of global supply chain management.

At the heart of this issue is the use of electronic components suspected of being produced under unethical labor conditions. The implications for Volkswagen are immediate and multifaceted. The company faces not only the logistical hurdle of replacing these components across thousands of vehicles, a process expected to stretch until the end of March, but also the broader challenge of scrutinising and potentially overhauling its supply chain practices.

This situation is a stark reminder of the complexities faced by companies operating in highly globalised markets. In the automotive sector, where supply chains are deeply integrated and span across multiple countries and suppliers, ensuring ethical compliance at every level is challenging. Volkswagen’s response to this crisis, including their investigation and potential actions against suppliers, will be closely watched by industry peers and credit professionals alike.

For trade credit, the Volkswagen case underscores the importance of a comprehensive understanding of a client’s supply chain. The financial health of a company is no longer just about balance sheets and profit margins; it now involves a critical assessment of supply chain ethics and compliance with international labor laws. The risk of association with unethical practices, even indirectly, can lead to significant reputational damage, legal repercussions, and financial loss.

This incident reflects a broader trend towards greater accountability and transparency in supply chains, driven by both regulatory pressures and a growing consumer demand for ethically produced goods. The ripple effects of this shift are likely to be felt across a range of industries, prompting companies to reevaluate their supply chain strategies and practices.


EU Ethics Drama: Italy and Germany Throw a Spanner in the Works 🇪🇺🔧

The European Union’s recent stumble in advancing the Corporate Sustainability Due Diligence Directive (CSDDD), legislation aimed at enforcing ethical supply chain practices, echoes the broader global narrative on corporate responsibility. The delay, primarily due to Germany and Italy’s abstention, adds a layer of uncertainty to an already complex international trade environment, further complicated by the recent US actions against Volkswagen.

This is significant, as it reflects growing tensions between the drive for ethical supply chains and concerns over economic and bureaucratic burdens for businesses. The CSDDD, designed to hold companies accountable for forced labor and environmental damage within their supply chains, mirrors the objectives of the Uyghur Forced Labor Prevention Act (UFLPA) in the US, which led to the seizure of Volkswagen’s vehicles. Both legislative actions signify a hardening stance on corporate responsibility in global supply chains, yet the EU’s hesitation reveals the challenges in balancing these ethical objectives with practical business concerns.

Germany, traditionally an EU integration engine, now appears to be a brake, with its finance minister Christian Lindner citing the directive’s potential to overburden businesses. For credit professionals, the postponement of the CSDDD, alongside the Volkswagen incident in the US, suggests a period of regulatory uncertainty ahead. Businesses operating within the EU, or those with significant ties to the region, might face a shifting compliance landscape, affecting their operational costs, reputational risks, and ultimately, their creditworthiness.

The EU’s postponement of the CSDDD , set against the backdrop of the US’s actions on Volkswagen, highlights the growing global focus on ethical supply chains, underscoring the need for adaptability and a broadened risk assessment scope that considers not just financial health but also compliance with evolving international regulations and ethical practices.


Eurozone's Economic Wobble: Growth Slows to a Crawl 🐌💸

The European Commission’s recent revision of its growth and inflation forecasts for the eurozone in 2024 signals a nuanced shift, with growth expected to slow to 0.8% and inflation to drop to 2.7%. These forecasts, influenced by the European Central Bank’s interest rate hikes and ongoing geopolitical tensions, bring varied implications for different sectors…

In the construction and real estate sectors, this economic forecast presents a contrasting scenario. Whilst slower growth could dampen investment and consumer spending, potentially impacting the financial stability of businesses in these spaces, the anticipated ECB rate cuts later in the year might stimulate investment, offering some respite.

Energy-intensive industries, such as manufacturing, might find some relief in the forecasted drop in inflation, reflecting lower energy prices. This could ease the cost burdens these sectors have been facing, possibly improving their financial health and ability to manage credit obligations.

Conversely, consumer spending is likely to tighten in response to the eurozone’s reduced growth outlook, impacting the retail and consumer goods sectors. Credit professionals should be particularly vigilant about businesses in these areas, as reduced consumer spending could affect their sales and cash flows, influencing creditworthiness and payment behaviours.

Automotive and machinery sectors could also feel the pinch of the economic slowdown. With potential declines in demand for high-value items like cars and machinery, companies in these sectors may encounter reduced orders and extended payment cycles, necessitating a closer review of credit risks and terms.
The situation in Germany, as the eurozone’s largest economy, deserves special attention. The significant downgrade in its growth forecast is indicative of challenges in key industries like automotive and manufacturing. This necessitates a cautious approach for trade credit dealing with clients in these sectors, as they might be more vulnerable to the impacts of the slowdown.

Meanwhile, in France, the outlook, albeit slightly better than Germany’s, still calls for caution. Sectors like tourism and luxury goods, sensitive to consumer spending and global economic trends, may face hurdles despite the slightly more optimistic forecast.
In summary, the European Commission’s revised forecasts for the eurozone in 2024 present a complex sector-specific outlook. For credit professionals, understanding these nuances is crucial. While some sectors will see opportunities in the easing of inflation and potential rate cuts, others will need careful monitoring due to the broader economic slowdown. Navigating this requires a detailed understanding of each sector’s unique challenges and opportunities in the context of the broader eurozone economy.


Baker Ing Spills the Beans on 3PL: A Deep Dive into Logistics 🕵️📦

Baker Ing’s latest release, a compelling report on Third-Party Logistics (3PL), hits the mark in a week when supply chain and economic developments are making headlines. Now available on LinkedIn and for Download, this detailed analysis offers a sharp look into how global economic shifts are reshaping the logistics landscape.

At a time when companies like Volkswagen are navigating complex supply chain challenges, this report is essential reading. It delves into the impact of booming e-commerce and explores how sustainability is becoming a crucial factor in logistics operations. The report also navigates through the latest technological advancements, including AI and IoT, which are transforming operational and financial strategies within the logistics sector.

A must-read for credit professionals in 3PL and beyond. It’s not just about understanding the current state of logistics; it’s about being prepared for what the future holds in this dynamic industry and how it impacts us all.

View and download the report to stay ahead in the evolving world of Third-Party Logistics.

🔗 View Online: View Online

🔗 Download: Download for In-Depth Insights


And so, we bring down the curtain on yet another week of The Baker Ing Bulletin, with more twists and turns than a politician’s promise.

To our astute aficionados of finance, those shrewd navigators of the ever-twisting maze of credits, debits, and daring deals, let this be your mantra: in the world of credit, knowing the score isn’t just savvy – it’s your ticket to the treasury. Sneak a peek at https://bakering.global/global-outlook/ for more insight and analysis.

Until our paths cross again, keep your assets liquid and your liabilities laughable…


Global 3PL Shake-Up: Brexit, Pandemic, and War Reshape Logistics

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Download this paper from Global Outlook: Download

Presented by Baker Ing: Your Guide Through the Complex 3PL Industry

Venture into the intricate world of Third-Party Logistics (3PL), where global events and technological advancements continuously transform the industry. Baker Ing, renowned for our prowess in managing high-value and sensitive accounts, delivers customised solutions designed for key players in this dynamic field.

At Baker Ing, we combine the strengths of our experienced credit professionals with targeted strategies, equipping you to excel in the challenging 3PL sector.

Explore the unique advantages offered by Baker Ing and understand how our collaboration can elevate your approach to receivables management and credit control in an industry where precision and strategic foresight are paramount.


Petroleum Distributors Intelligence Unit (PDIU) : Manchester - 13th February 2024

Petroleum Distributors Intelligence Unit (PDIU) Meeting

Date: Tuesday, 13th February 2024
Location: Manchester
Industry Focus: Petroleum Distribution


Event Overview

The Petroleum Distributors Intelligence Unit (PDIU) meeting is scheduled to take place on Tuesday, 13th February 2024, in Manchester. This important gathering, initially planned for the 17th of January, brings together key players in the petroleum distribution sector. The PDIU meeting is an essential forum for discussing industry trends, challenges, and strategies specific to petroleum distribution.

Venue

The meeting will be held in Manchester, providing a central location for attendees. The chosen venue offers a professional setting conducive to productive discussions and networking among industry professionals.

Meeting Highlights

  • Industry-Specific Discussions: Engage in focused conversations pertinent to the petroleum distribution sector.
  • Networking Opportunities: Connect and collaborate with peers and industry leaders.
  • Strategic Insights: Gain valuable insights into the latest trends and challenges facing the industry.
  • Expert Presentations: Benefit from presentations and sessions led by experienced professionals and thought leaders in the field.

Why Attend?

  • Targeted Content: Sessions and discussions are specifically tailored to the needs and interests of the petroleum distribution community.
  • Collaborative Environment: Foster meaningful connections and collaborations with industry counterparts.
  • Knowledge Enhancement: Stay updated with the latest developments and best practices within the industry.
  • Professional Growth: Leverage the meeting to gain insights that can drive personal and professional development.

Registration

To confirm your attendance at the Petroleum Distributors Intelligence Unit meeting in Manchester, please register as soon as possible: christina@bakering.global

We look forward to welcoming you to this significant event, where we will collectively delve into and address key aspects of the petroleum distribution industry. Join us for a day of insightful discussions and networking opportunities.


Beauty and Wellbeing : London & Zoom - 8th February 2024

Beauty & Wellbeing Credit Risk Forum

Date: Thursday, 8th February 2024
Location: London & Zoom
Frequency: Quarterly Meetings
Industry Focus: Beauty & Wellbeing (Manufacturers & Distributors)


Event Overview

The Beauty & Wellbeing Credit Risk Forum, a long-established gathering, invites you to its next meeting on Thursday, 8th February 2024. This forum, which meets quarterly in London and is accessible via Zoom, is a hub for manufacturers and distributors of leading beauty, haircare, cosmetics, fragrances, and wellbeing products. The forum’s agenda is meticulously curated to cover a wide range of pertinent topics for professionals in the beauty and wellbeing industry.

Dual Venue

Reflecting the forum’s commitment to accessibility and inclusivity, attendees can choose to join in person in the vibrant city of London or virtually through Zoom. This flexible format is designed to cater to a diverse group of members from different geographies.

Forum Highlights

  • Diverse Membership: Key players from the beauty and wellbeing sectors, encompassing manufacturers and distributors.
  • Best Practice Sessions: Sharing of effective strategies and experiences in credit risk management.
  • Focused Discussions: In-depth analysis of specific accounts and relevant industry topics.
  • Process Improvement Sessions: Exploring opportunities for enhancing operational efficiency.
  • Guest Speakers: Insights and perspectives from industry experts and thought leaders.

Why Attend?

  • Hybrid Accessibility: Flexibility to participate either in person or online.
  • Networking Opportunities: Connect with a wide range of industry peers and leaders.
  • Industry-Specific Learning: Gain insights into credit risk management tailored to the beauty and wellbeing sectors.
  • Interactive Agenda: Engage in meaningful discussions and benchmarking activities.

Registration

Please register your interest to participate in the Beauty & Wellbeing Credit Risk Forum, either for the London in-person event or the Zoom session: christina@bakering.global

We look forward to welcoming you to this essential forum, where you can contribute to and benefit from the collective knowledge and expertise that drives the beauty and wellbeing industry forward. Join us in shaping the future of credit risk management in our dynamic sector.

 


Fashion, Apparel and Accessories : London & Zoom - 7th February 2024

Fashion, Apparel & Accessories Credit Risk Forum

Date: Wednesday, 7th February 2024
Location: London & Zoom
Frequency: Quarterly Meetings
Industry Focus: Fashion, Apparel, and Accessories (Manufacturers & Distributors)


Event Overview

Celebrating over two decades of influential gatherings, the Fashion, Apparel & Accessories Credit Risk Forum is set to convene again on Wednesday, 7th February 2024. This established forum, meeting quarterly in London and accessible via Zoom, brings together over 30 members from the fashion industry. Our membership roster boasts leading clothing, footwear, and accessory manufacturers and distributors.

Dual Venue

To accommodate our diverse and widespread membership, the forum offers a hybrid format. Members can choose to attend in person in the vibrant city of London or virtually via Zoom, ensuring maximum participation and convenience.

Forum Highlights

  • Elite Membership: An assembly of prominent manufacturers and distributors from the fashion industry.
  • Guest Speakers: Engaging presentations from industry leaders and experts.
  • Accounts for Discussion: Focused discussions on key accounts within the fashion sector.
  • Best Practice Sharing: Exchange of effective strategies and experiences.
  • Current Industry Topics: Exploration of the latest trends, challenges, and opportunities in fashion credit risk.

Why Attend?

  • Hybrid Format: Flexibility to join the discussions either in person or online.
  • Networking Opportunities: Connect with industry peers and leaders in a dynamic setting.
  • Sector-Specific Insights: Gain in-depth understanding and knowledge relevant to credit risk in the fashion industry.
  • Interactive Sessions: Engage in productive dialogues and benchmarking exercises.

Registration

Secure your participation in the Fashion, Apparel & Accessories Credit Risk Forum by registering for either the London in-person event or the Zoom session. Contact christina@bakering.global

We are excited to welcome you to this pivotal forum, where industry veterans and newcomers alike will share, learn, and collaborate. Join us to contribute to and benefit from the collective expertise that drives the fashion, apparel, and accessories sectors forward.


Construction UK: London & Zoom - 6th February 2024

Construction UK Credit Risk Forum

Date: Tuesday, 6th February 2024
Location: London & Zoom
Frequency: Quarterly Meetings
Industry Focus: Construction Credit Risk


Event Overview

Established in 2006, the Construction UK Credit Risk Forum proudly continues its tradition of bringing together over 30 member companies for its next session on Tuesday, 6th February 2024. This forum, known for its insightful quarterly meetings, will be held both in London and via Zoom, accommodating a wider range of participants. Membership comprises companies from various sectors, including hire, electrical, plumbing, building, and, since 2019, engineering suppliers.

Dual Venue

This event offers the flexibility of attending in person in London or virtually via Zoom. This hybrid model ensures broader accessibility and convenience for all members, regardless of their location.

Forum Highlights

  • Diverse Membership: Companies from hire, electrical, plumbing, building, and engineering supply sectors.
  • Focused Discussions: In-depth analysis and discussion on current topics in construction credit risk.
  • Benchmarking Sessions: Opportunities for comparative analysis and learning from peers.
  • Guest Speakers: Insights from industry leaders and experts.
  • Industry Insight: Exploring the latest trends, challenges, and opportunities.

Why Attend?

  • Hybrid Accessibility: Join in person or virtually, ensuring no one misses out.
  • Networking Opportunities: Connect with a wide range of professionals from various construction sectors.
  • Learning and Development: Gain valuable knowledge and insights to enhance your business practices.
  • Sharing Best Practices: Learn from the experiences and strategies of other industry members.

Registration

To participate in the Construction UK Credit Risk Forum, please register your interest for either the in-person event in London or the Zoom session – contact christina@bakering.global

We look forward to your valuable participation in this forum, where we aim to collectively advance our understanding and practices in construction credit risk management. Join us to be a part of this dynamic and evolving conversation.


Fashion, Apparel and Accessories : London & Zoom - 15th May 2024

Fashion, Apparel & Accessories Credit Risk Forum

Date: 15th May 2024
Location: London & Zoom
Frequency: Quarterly Meetings
Industry Focus: Fashion, Apparel, and Accessories (Manufacturers & Distributors)


Event Overview

Celebrating over two decades of influential gatherings, the Fashion, Apparel & Accessories Credit Risk Forum is set to convene again on 15th May 2024. This established forum, meeting quarterly in London and accessible via Zoom, brings together over 30 members from the fashion industry. Our membership roster boasts leading clothing, footwear, and accessory manufacturers and distributors.

Dual Venue

To accommodate our diverse and widespread membership, the forum offers a hybrid format. Members can choose to attend in person in the vibrant city of London or virtually via Zoom, ensuring maximum participation and convenience.

Forum Highlights

  • Elite Membership: An assembly of prominent manufacturers and distributors from the fashion industry.
  • Guest Speakers: Engaging presentations from industry leaders and experts.
  • Accounts for Discussion: Focused discussions on key accounts within the fashion sector.
  • Best Practice Sharing: Exchange of effective strategies and experiences.
  • Current Industry Topics: Exploration of the latest trends, challenges, and opportunities in fashion credit risk.

Why Attend?

  • Hybrid Format: Flexibility to join the discussions either in person or online.
  • Networking Opportunities: Connect with industry peers and leaders in a dynamic setting.
  • Sector-Specific Insights: Gain in-depth understanding and knowledge relevant to credit risk in the fashion industry.
  • Interactive Sessions: Engage in productive dialogues and benchmarking exercises.

Registration

Secure your participation in the Fashion, Apparel & Accessories Credit Risk Forum by registering for either the London in-person event or the Zoom session. Contact christina@bakering.global

We are excited to welcome you to this pivotal forum, where industry veterans and newcomers alike will share, learn, and collaborate. Join us to contribute to and benefit from the collective expertise that drives the fashion, apparel, and accessories sectors forward.


Baker Ing Bulletin: 26th Jan 2024

U.S. Growth Galore, Red Sea Rerouting, Lithium Lows, China's Latin Leap, Credit Insights Unveiled — Baker Ing Bulletin: 26th Jan 2024

Welcome back to the Baker Ing Bulletin, your weekly dose of financial savvy mixed with straightforward credit intelligence.

This week, we’re zooming in on a variety of stories in an increasingly China-centric world – looking at the U.S.’s economic resilience and China’s bold maritime strategy to the ripple effects of lithium’s price drop, China’s investment game-changer in Latin America, and the latest gems from our ‘Credit Frontier 2024’ webinar.

So, let’s get to it…

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1️⃣ U.S. Economic Surge: A Resilient Force in Global Trade 📈🇺🇸

In a striking display of economic muscle, the U.S. economy clocked a formidable 3.3% growth in its fourth quarter, shattering expectations and silencing doomsayers. This isn’t just a dry statistic; it shakes-up what we were beginning to think was the status quo.

The ripple effect of this economic surge on the U.S. dollar is something to watch. A beefed-up economy usually gives the dollar a shot in the arm, but this isn’t a straightforward win for trade credit. A brawny dollar could mean U.S. exports get pricier, potentially squeezing cash flow for American exporters. On the flip side, it’s good news for those importing goods into the U.S., as cheaper imports could be on the cards. Credit managers need to keep their eyes peeled for these currency swings.

Then there’s the Federal Reserve, whose interest rate moves are dictated by the economy’s performance. With the U.S. economy flexing its muscles, immediate rate cuts seem off the table. But here’s the kicker: a robust economy could mean the Fed keeps rates steady or even hikes them to keep inflation in check. This could crank up the cost of borrowing, impacting businesses’ creditworthiness. It’s a tightrope walk for credit; we’ll need to juggle these changes while keeping an eye on both local and international credit risks.

And let’s not forget the driving force behind this growth spurt: consumer spending. With consumers opening their wallets, businesses in sectors like retail and hospitality could see more stable cash flows, making them potentially safer bets for credit managers. It’s a sign of a consumer market buzzing with activity.

Moreover, this economic growth is backed by a number of factors, including government spending and business investments, pointing to an economy that’s not just improving but also balanced. This could mean smoother sailing for trade credit, as growth is not tied to any single sector.

Overall, this robust performance from the U.S. economy in the last stretch of the year provides a complex but largely upbeat start to the new year. The forecast? A mix of currency jitters, shifting borrowing costs, and a consumer market surge. For those managing trade credit, it’s about staying sharp, flexible, and ready to pivot as the economic winds change direction.

2️⃣ Strategic Shift in the Red Sea: Chinese Shipping Lines Make a Calculated Move 🚢🌏

In a move that’s set supply chain gurus abuzz, Chinese shipping lines are boldly steering into the Red Sea, a strategic play that’s rewriting the rules of global trade at a time when other operators are shying away. This development is laden with implications for credit professionals navigating the turbulent waters of international commerce.

The Red Sea, a vital maritime artery, has been a hotspot of geopolitical tension, notably due to the Houthi rebel attacks. The entry of Chinese operators into these troubled waters signals not only a bold assertion of commercial presence but also a willingness to engage in an environment where risk is as prevalent as opportunity. For industries heavily reliant on these maritime routes, such as energy, automotive, and manufacturing, the presence of Chinese lines could offer a semblance of stability and an alternative to the disrupted logistics pathways. However, this comes with an added layer of geopolitical risk, given the volatile nature of the region and geopolitical tussles. Trade credit must now factor in these geopolitical elements into their risk assessment models, considering the upside but also potential for disruptions and the cascading effects on supply chains and payment cycles.

This development also prompts a reevaluation of trade patterns and alliances. Chinese shipping lines may offer new trade routes or partnerships, potentially leading to shifts in trade flows and dependencies. We must keep a vigilant eye on these emerging patterns, understanding how these changes could impact the creditworthiness of businesses engaged in these routes, and adapting their credit policies accordingly.

The potential influence on shipping costs is another important consideration. If Chinese operators manage to offer more competitive rates or efficient services, this could alter cost structures for many businesses, particularly those in sectors like retail and consumer goods. Credit professionals need to stay ahead of these cost implications, reassessing the financial stability and liquidity of businesses that might benefit from or be challenged by these shifts.

The key going forward is in enhanced monitoring of geopolitical developments, particularly in the Red Sea region, and closely tracking the movements and strategies of Chinese shipping lines, as well as Chinese geopolitical developments generally. Developing a nuanced understanding of the interplay between these new maritime routes and global trade dynamics will be crucial. Additionally, fostering relationships with logistics experts and leveraging advanced risk assessment tools will be essential in adapting to, and capitalising on, these changes.

3️⃣ Lithium's Price Plunge: A Jolt to the EV Market 🌏🔋

The electric vehicle (EV) industry is at a critical juncture due to a dramatic drop in lithium prices, with a decrease of over 80% in the past year. While this steep decline in a key component for EV batteries might initially be a positive development for manufacturers, it brings with it a complex array of challenges and opportunities for credit professionals.

Initially, companies heavily reliant on lithium for battery production will benefit from reduced input costs, leading to lower production expenses and improved profit margins. However, such price volatility introduces a high degree of unpredictability into financial planning and budgeting going forward. Lower prices are good, but such a large drop so quickly presents raises long-range concerns.

The development will likely favour Chinese lithium producers due to their extensive domestic reserves and government support. Unlike their Western counterparts, Chinese producers like Ganfeng Lithium and Tianqi Lithium have better resilience against market volatility due to strong domestic support and established production infrastructures. As prices drop, Chinese producers could potentially offer more competitive pricing, increasing their market share and influence in the global supply chain. This realignment might lead to a greater dependency on Chinese lithium, giving China a strategic edge in the global EV industry. With increased reliance on Chinese lithium, global supply chains become more exposed to geopolitical risks and trade policies between major economies like the US and China. Any tension or policy changes in these relations could significantly impact the availability and pricing of lithium worldwide.

Companies that benefit from the lower lithium prices, like EV manufacturers, might warrant higher credit limits in the short-term due to improved cash flow. However, the instability caused by these market changes also demands a more cautious approach to credit assessment in the long-term.

The sharp decline in lithium prices is a complex development for the EV industry, presenting both risks and opportunities. For trade credit, it’s crucial to understand the broader implications of this market shift, not only for EV manufacturers but also for the entire supply chain and adjacent industries like consumer electronics. It requires a multifaceted approach, blending detailed market analysis with flexible credit strategies and proactive client support to effectively navigate this period of significant change. Its important to balance capitalising on short-term gains with avoiding the long-range pain could result from such.

4️⃣ China's Strategic Pivot in Latin America: Reshaping Global Trade Dynamics 🌐💡

China’s recent strategic investment shift in Latin America, concentrating on technology, renewables, and critical minerals, is sending waves across global trade. Moving away from their traditional focus on infrastructure projects, this pivot is reshaping competitive dynamics and supply chain structures in these essential sectors, presenting a a new era for credit professionals to get to grips with.

While China’s overall investment in Latin America has decreased, down from an average of $14.2 billion per year between 2010 and 2019 to $6.4 billion in 2022, the focus has sharpened. High-profile projects like BYD’s electric vehicle plant in Brazil and Tianqi Lithium’s acquisitions in Chile demonstrate a keen interest in sectors critical to China’s economic growth and global standing.

Alignment with sectors such as telecommunications, fintech, and energy transition mirrors China’s ‘new infrastructure’ initiative, signaling a deep and strategic interest in these areas. The move not only indicates a long-term investment strategy but also positions China in direct competition with the US and Europe.

The implications for credit should not be overlooked, with new credit risks and opportunities. We’ll need to closely monitor the financial health and creditworthiness of companies within these sectors, particularly those that may become increasingly reliant on Chinese investments or face heightened competition. Further, investment in critical minerals and renewable energy could also lead to a restructuring of supply chains in these sectors. This shift could affect companies in adjacent industries, such as manufacturing and technology, impacting their supply chain reliability and cost structures.

The growing presence of Chinese investments in strategic sectors also brings geopolitical considerations into play. We must factor in potential political risks, such as changes in trade policies or diplomatic tensions, that could impact the creditworthiness of businesses in the region. Continuous monitoring of China’s investment trends and their impacts on Latin American markets is essential. Understanding how these investments influence market demand, pricing structures, and economic growth in the region will be crucial for making informed credit decisions.

5️⃣'Credit Frontier 2024' Webinar: A Treasure Trove of Economic Insights Now Available On-Demand

The recent ‘Credit Frontier 2024’ webinar has been hugely popular. This event brought together the minds of Shaun Rees, Markus Kuger, and Ray Massey, providing a comprehensive analysis of the economic and credit challenges anticipated for 2024.

Navigating Through Economic Uncertainties: Kuger’s insightful presentation highlighted the crucial economic indicators for the year, painting a picture of weak growth coupled with rising credit risks. The varied performance across sectors – with services showing resilience but basic materials and consumer goods lagging – presents a complex landscape for trade credit professionals.

Unique Perspectives from the Insurance Sector: Ray Massey’s engaging keynote provided an invaluable underwriting perspective, focusing on the record-high corporate insolvencies. His emphasis on the importance of robust relationships with credit underwriters in these challenging times was particularly enlightening.

Real-World Business Impacts: Shaun Rees brought the economic trends down to a practical level, discussing their direct impacts on businesses. His session underscored the necessity of strategic risk management and the need for adaptive credit strategies amidst technical recessions and inflationary pressures.

For those who missed the live webinar or are keen to revisit the insights, the full session is now accessible on-demand here: https://us02web.zoom.us/webinar/register/4017049731603/WN_yZiKFa2NRFqJm10EG5GKDw#/registration

Moreover, the speakers’ presentations are available on Baker Ing’s LinkedIn page, providing an opportunity to delve into the details of their analyses here: https://www.linkedin.com/feed/update/urn:li:activity:7156278886576640000

An in-depth report elaborating on the webinar’s discussions is now live on Global Outlook. This report is a comprehensive guide to arm credit professionals with the knowledge we need to navigate the turbulent waters of 2024’s economy: https://bakering.global/product/credit-frontier-2024/

In a year that promises both challenges and opportunities, staying informed through current, expert insights is key. Engage with the ‘Credit Frontier 2024’ resources and ensure you’re equipped to navigate the evolving credit landscape.

And that’s a wrap on this edition of the Baker Ing Bulletin.

To all you financial wizards and decision-making maestros out there, don’t forget that staying informed is your secret weapon. Global Outlook is your gateway to clarity in a world of credit complexity. Keep ahead of the game by visiting: https://bakering.global/global-outlook/

See you next week!


Construction North Credit Risk Forum: Leeds - 25th January 2024

Construction North Credit Risk Forum

Date: Thursday, 25th January 2024
Location: Leeds
Frequency: Quarterly Meetings
Industry Focus: Construction Credit Risk


Event Overview

The Construction North Credit Risk Forum, a notable event established in 2006, is set to convene on Thursday, 25th January 2024, in Leeds. This forum brings together over 30 members from various sectors within the construction industry, including hire, electrical, plumbing, building, and now engineering suppliers (included since 2019). the Forum is for credit professionals involved in the construction industry, and focusses on companies that supply product to customers predominantly in the North of England – from Liverpool, Manchester, Sheffield and Hull upward.

Venue

The chosen venue in Leeds offers a prime location for members from different regions to convene. It provides a professional setting conducive to productive discussions and networking.

Forum Highlights

  • Diverse Membership: Participation from companies across hire, electrical, plumbing, building, and engineering supply sectors.
  • In-Depth Discussions: Engaging conversations on current topics relevant to construction credit risk.
  • Benchmarking Sessions: Comparative analysis of practices and performance metrics.
  • Guest Speakers: Insights from industry experts and thought leaders.
  • Industry Insight: Sharing of the latest trends, challenges, and opportunities in the construction credit sector.

Why Attend?

  • Comprehensive Coverage: Broad spectrum of topics addressing key aspects of construction credit risk.
  • Network Building: Opportunities to connect with a diverse group of professionals and companies.
  • Knowledge Enrichment: Gain valuable insights and information to enhance your business practices.
  • Experience Sharing: Engage in benchmarking and learn from the experiences of other members.

Membership and Participation

This forum is ideal for professionals and companies involved in construction credit risk. To participate in the Construction North Credit Risk Forum in Leeds, please contact christina@bakering.global

Join us in Leeds for an engaging and informative session that promises to enhance your understanding and management of credit risk in the construction industry.


Webinar Wrap-Up: Credit Frontier 2024

What a session! A huge thank you to our speakers – Shaun ReesMarkus Kuger, and special guest Ray Massey – for a deep dive into 2024’s economic and credit landscape.


Here’s a quick recap for those who joined us and a glimpse for those who missed out:


📊 Economic Update 2024:
Markus Kuger revealed key economic indicators facing weak growth and rising credit risks. Insights into sectoral trends showed a mix of resilience and challenges, with services leading improvements but basic materials and consumer goods lagging. Consumer confidence has shown slight improvements, but inflation and global GDP growth projections indicate a cautious approach for 2024.

🌍 Insider’s Perspective from Insurance:
Ray Massey‘s keynote brought a unique underwriting perspective, discussing the all-time high in corporate insolvencies and the significance of maintaining robust relationships with credit underwriters in challenging times.

🏗️ Credit Risk and Business Impact:
Shaun Rees provided an in-depth analysis of how these economic trends translate into direct impacts on businesses. From technical recessions to inflationary pressures, the session highlighted the importance of strategic risk management and adaptive credit strategies in an uncertain market.


Key Takeaways

  • Prepare for a challenging year ahead with potential technical recessions.
  • Anticipate continued inflationary pressures but with some subsidence.
  • Adapt to rising credit risks with strategic adjustments in risk assessments and collection strategies.
  • Embrace a proactive approach in credit management, leveraging insights into sector-specific trends and economic indicators.


As promised, attendees will shortly receive an exclusive detailed report from our speakers for a deeper understanding. Keep a look out for this tomorrow.

Missed the live session? Want the report? Don’t worry, you can still register to watch the recording and access the report here: LINK

Stay tuned for more updates. In the meantime check out all the complimentary resources at Global Outlook.


Asset Finance Credit Control and Collections: East Midlands - 24th January 2024

Asset Finance Credit Control and Collections Forum

Hosted by: Forums International

Date: Wednesday, 24th January 2024
Location: East Midlands
Format: In-Person
Industry Focus: Asset Finance Credit Control and Collections


Event Overview

Forums International is proud to host the Asset Finance Credit Control and Collections Forum, taking place in the East Midlands. This event is a significant gathering for professionals within the asset finance sector, focusing specifically on credit control and collections. The forum aims to facilitate in-depth discussions on challenges, innovations, and best practices in asset finance credit management.

Venue

Set in the heart of the East Midlands, the venue offers a conducive environment for professional engagement and learning. It provides an ideal setting for industry experts and practitioners to share insights and network.

Provisional Agenda

  • Critical Account Discussions: Focused dialogues on key accounts in the asset finance sector.
  • Credit Control Strategies: Exchange of effective techniques and successful approaches in credit control and collections.
  • Emerging Trends and Challenges: Exploration of new developments and the challenges they pose in asset finance.
  • Expert Insights: Perspectives from leading figures in the industry, offering valuable knowledge and experience.

Why Attend?

  • Specialised Focus: Direct attention to the specifics of credit control and collections within asset finance.
  • Networking Opportunities: Connect with peers, industry leaders, and influencers in an engaging setting.
  • Knowledge Enhancement: Stay updated with the latest strategies and trends in your field.
  • Expert Guidance: Gain insights from seasoned professionals and thought leaders.

Registration

Secure your place at this pivotal forum by reaching out to christina@bakering.global

We eagerly anticipate your participation in the Asset Finance Credit Control and Collections Forum, where we will delve into the crucial aspects of credit management in asset finance, driving forward our collective expertise and understanding in this dynamic field.


BHETA DIY & Gardening: Zoom Conference - 23rd January 2024

BHETA DIY & Gardening Credit Risk Forum

Hosted by: British Home Enhancement Trade Association (BHETA)

Date: Tuesday, 23rd January 2024
Time: Morning Session
Format: Zoom Videoconference
Industry Focus: DIY & Gardening


Event Overview

The British Home Enhancement Trade Association (BHETA) cordially invites you to the BHETA DIY & Gardening Credit Risk Forum. This pivotal online gathering is dedicated to credit professionals in the DIY and Gardening sector. It’s a strategic part of BHETA’s ongoing efforts to foster collaboration, share best practices, and address the latest industry topics.

Virtual Venue

Leveraging the flexibility of Zoom, this forum enables members nationwide to participate actively in the discussions, providing the comfort and convenience of joining from their preferred location.

Provisional Agenda

  • Accounts for Discussion: Engage in focused conversations and collaborative analysis of key accounts within the DIY and Gardening sector.
  • Best Practices: Exchange and learn effective strategies and insights specific to credit management in this industry.
  • Latest Industry Topics: Dive into current trends, challenges, and opportunities shaping the DIY and Gardening market.
  • Guest Speakers: Gain valuable perspectives from industry experts and thought leaders.

Why Attend?

  • Industry-Specific Insights: Develop a profound understanding of credit management challenges and solutions in the DIY and Gardening sector.
  • Networking Opportunities: Forge valuable connections with peers and industry leaders in a virtual setting.
  • Knowledge Sharing: Keep abreast of the latest industry developments and best practices.
  • Expert Guidance: Draw from the experiences and advice offered by seasoned professionals and guest speakers.

Registration

To secure your participation in this essential forum, please reach out to us at christina@bakering.global

We eagerly anticipate your presence at the BHETA DIY & Gardening Credit Risk Forum. Together, let’s delve into and discuss key issues vital to the success of credit management in this vibrant and dynamic sector.


BHETA Housewares & Small Electricals: Zoom Conference - 23rd January 2024

BHETA Housewares & Small Electricals Credit Risk Forum (Zoom Videoconference)

Date: Tuesday, 23rd January 2024
Time: Morning Session
Format: Zoom Videoconference
Hosted by: British Home Enhancement Trade Association (BHETA)
Industry Focus: Housewares & Small Electricals

Event Overview

Join us for the BHETA Housewares & Small Electricals Credit Risk Forum, a vital virtual meeting place for credit professionals in the housewares and small electricals sector. This event is part of the British Home Enhancement Trade Association’s initiative to provide a platform for discussing accounts, sharing best practices, and addressing the latest topics in the industry.

Virtual Venue

The forum will take place via Zoom, allowing members from across the country to participate and engage in discussions from the comfort of their own offices or homes.

Provisional Agenda

  • Accounts for Discussion: Focused talks and collaborative discussions on key accounts within the sector.
  • Best Practices: Sharing of effective strategies and insights for credit management in the housewares and small electricals industry.
  • Latest Industry Topics: Delving into current trends, challenges, and opportunities.
  • Guest Speakers: Hear from experts providing insights and updates relevant to the industry.

Why Attend?

  • Targeted Industry Insights: Gain a deep understanding of credit management specific to the housewares and small electricals sector.
  • Networking Opportunities: Connect with fellow professionals and industry leaders virtually.
  • Knowledge Sharing: Stay informed about the latest developments and best practices in your industry.
  • Expert Guidance: Benefit from the experiences and advice of guest speakers and industry veterans.

Registration

Please register for this insightful event by contacting sales@bakering.global

We look forward to your participation in the BHETA Housewares & Small Electricals Credit Risk Forum, where we’ll explore and discuss key topics crucial to the success of credit management within this dynamic sector.


Baker Ing Bulletin: 19th Jan 2024

Cognac's Challenge, Brexit Borders, Corporate Credit Crunch, Eurozone Rate Rigidity — Baker Ing Bulletin: 19th Jan 2024

Welcome to the latest Baker Ing Bulletin, where sharp financial insights meet no-nonsense debt expertise.

We’re taking a deep dive into the week’s hottest topics – from cognac market shake-ups and Brexit border blues to the rising tide of corporate debt. It’s all about the big moves and their bigger impacts on trade credit.

So grab your tea/coffee, and let’s get stuck into this week’s headline grabbers…

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1️⃣ Cognac Conundrum: Luxury Spirit's Trade Tensions Stir Up Global Market Storm 🍷🌍

The cognac industry, emblematic of luxurious excess, is now grappling with significant market shifts, particularly in the U.S. and China, triggering credit concerns for the industry, as well a ripple effect across global trade.

In the U.S., traditionally a robust market for cognac, a noticeable decline in demand is emerging, largely attributed to the African-American community, a key consumer demographic. Rising living costs and inflationary pressures have led to altered consumer spending habits. This trend indicates a potential pivot towards more affordable luxury alternatives and different types of spirits. For trade credit, being aware these shifts – both as regards cognac but extrapolating this across the luxury goods and FMCG sector generally – is crucial for a realistic assessment of debtors’ financial health and market positioning.

Concurrently, the cognac industry faces a complex situation in China. The government’s anti-dumping investigation amidst EU-China trade tensions could result in tariffs and trade barriers, adding more layers of uncertainty. This demands proactive risk management, with close monitoring of political developments and preparing for a range of outcomes. Trade credit must consider the potential impact of tariffs on client profitability and cash flow, as well as the overall stability of trade relations.

Moreover, the cognac industry, known for its long-term planning, must adapt to rapid global market changes. This calls for a flexible approach to credit management, where adapting to short-term market fluctuations is as crucial as maintaining long-term strategies.

The industry’s challenges highlight the interconnectedness of global supply chains. A downturn in U.S. sales affects not only cognac producers but also the broader agricultural, manufacturing, and logistics sectors. Similarly, trade tensions with China could necessitate a reconfiguration of supply routes and partnerships. This underscores the importance of a robust, responsive supply chain that can withstand market pressures. Adjacent industries, particularly within luxury goods and high-value agricultural products, can learn from these challenges. Diversifying markets and supply chains is key to mitigating risks and ensuring preparedness for unexpected shifts.

The cognac industry’s situation mirrors wider global market trends. Export-heavy industries are experiencing the impact of increasing international market fluctuations and political turbulence, emphasising the need for agile risk assessment and a balanced approach to risk and customer support.

2️⃣ Brexit Borders Beckon: UK's New Checks Rattle Supply Chains 🇬🇧🔗

The UK stands on the brink of a significant trade transformation as new post-Brexit import checks are set to kick in from January 31. This pivotal shift, ending a series of postponements since January 2021, introduces fresh paperwork requirements for EU businesses exporting animal and plant products to the UK, with physical inspections commencing in April. The implementation of these checks, a critical aspect of the EU-UK Trade and Cooperation Agreement, has sent ripples of concern across industries, from food importers to horticultural suppliers.

At the heart of these changes, credit professionals find themselves navigating a new landscape of risk. The looming checks are not just a procedural shift but a potential disruptor for businesses heavily reliant on smooth imports. For sectors like food retail and agriculture, timely and efficient importation is the lifeblood of their operations. The prospect of delays and additional bureaucracy at the border poses a serious threat to cash flow and operational efficiency.

The situation is acutely felt in the food industry, where importers are bracing for potential delays at ports, which could translate into shortages on supermarket shelves and increased prices for consumers. The horticultural sector, particularly Dutch flower growers, faces a logistical challenge with the new checks falling around key commercial events like Valentine’s Day and Mother’s Day, times of peak demand and tight supply chains.

For credit managers, this demands a swift and strategic response. The potential for supply chain disruptions calls for a reevaluation of credit risks and perhaps even a restructuring of credit terms for affected businesses. There’s a need for heightened vigilance and flexibility, as clients may face unforeseen challenges in maintaining liquidity and meeting financial obligations.

The UK government remains steadfast in its commitment to these changes, promising a technologically advanced border system to streamline the process. However, for industries and credit professionals, the upcoming transition period is nonetheless worrying.

As the UK moves forward with post-Brexit trading, the impact of these border checks will be a litmus test for the resilience and adaptability of businesses and trade credit. It’s a critical moment to demonstrate our expertise in risk management, offering support and thinking innovatively to navigate through these uncharted waters of post-Brexit trade.

3️⃣ Default Dilemma: Corporate Debt Crises on the Horizon 📉💳

As the clock struck midnight on a tumultuous December, a report from Moody’s revealed a startling surge in global corporate defaults, painting a grim picture for the future of low-grade, highly leveraged businesses. With twenty companies defaulting last month, up from just four in November, the annual count soared to 159. This uptick in defaults, the highest since the economically tumultuous period following the coronavirus pandemic, sets a concerning tone for trade credit.

The surge, predominantly hitting U.S. and European companies, reflects the challenges simmering beneath the surface for borrowers with lower credit ratings. The sharp rise in interest rates, notably in the U.S., has left these companies grappling with steep funding costs. The situation is particularly dire for loan issuers with floating debt payments, now facing the squeeze of rising borrowing costs.

What stands out in Moody’s analysis is the sectors bearing the brunt of these defaults. Business services and healthcare, with 15 and 13 defaults respectively last year, find themselves in the eye of the storm. High-profile bankruptcies like Air Methods and LendingTree’s “distressed exchange” are stark reminders of the fragility in these sectors.

For credit professionals, this landscape demands a strategic recalibration. The rising default rates signal an urgent need for a more nuanced risk assessment, particularly for clients in vulnerable sectors. It’s a scenario that calls for vigilance and perhaps a more conservative approach to extending credit, especially to businesses in industries with a high proportion of floating-rate loans. Particularly vulnerable are sectors like healthcare, where such loans are common for funding expansions; real estate and construction, which depend on them for development projects; retail, with its thin margins and operational costs; and media and entertainment, including cinema chains, which often use these loans for large-scale funding.

Moody’s projection for 2024 doesn’t offer much respite. With the anticipation of more defaults, particularly in sectors tied closely to consumer spending, the task ahead for credit managers is clear. There’s a need to closely monitor the financial health of clients in these sectors, preparing for the possibility of tighter cash flows and increased credit risk.

It’s a balancing act between managing risk and supporting clients through an economic period marked by uncertainty and shifting monetary policies. Navigating this requires a blend of expertise, foresight, and agility, ensuring that risk management strategies are robust yet adaptable to the evolving economic climate.

4️⃣ ECB's Rate Cut Caution: A Tightrope for Credit in the Eurozone 💶🧐

Despite a drop in consumer inflation expectations, the ECB’s resistance to cutting interest rates anytime soon has credit professionals weighing their options carefully. It suggests that the journey back to lower interest rates might be more gradual than what the market’s hopeful eyes saw.

For credit, this is more than just central bank chatter, it’s a pivotal moment that could shape their strategies in the months ahead. The prolonged period of high interest rates, now looking more likely than before, is a critical factor for businesses across the Eurozone, especially those with debts tied to fluctuating rates. Credit professionals are now in a position where they must reassess the financial stability of their clients under these sustained conditions.

The implications are particularly stark for sectors such as real estate and healthcare, where the sensitivity to interest rate changes is often more pronounced. Here, the prospect of continued high rates could strain finances and challenge their ability to meet obligations, including those to trade credit.

This environment demands a nuanced approach from trade credit managers. We find ourselves balancing on a tightrope, needing to manage risks prudently whilst also offering support to clients navigating these turbulent times. The key is to understand the unique challenges of each sector and client, being ready to adapt credit strategies as the economic winds shift. Deep dive time – financial, operational, commercial – everything has to be considered insofar as how customers and clients will hold up under this sustained strain.

But it’s not just about managing risks; we can also seize opportunities. In this environment, by providing insights and guidance, we can help clients hedge against these interest rate uncertainties, optimise their cash flows, and steer through the economic tumult. The more deftly we can do som the greater competitive advantage we offer vs. those businesses that will employ a more blunt approach.

As the ECB continues to navigate the choppy waters of inflation and economic recovery, the message for trade credit is clear: in a world where economic certainty is a luxury, then agility, in-depth market understanding, and proactive client engagement are the tools that will help us chart a course. This period is a test of resilience and adaptability for credit.

5️⃣ Callisto Grand and Baker Ing Join Forces to Tackle Credit Disruption 🤝💼

Callisto Grand, a vanguard in credit management training, and Baker Ing, specialists in managing high-value and sensitive receivables, have announced a groundbreaking three-year strategic partnership. This collaboration aims to tackle the impact of rapidly changing global economic conditions and ongoing technological revolution within credit management.

The partnership is a direct answer to the increasing complexities credit professionals must tackle. With economic uncertainties looming large and technological advancements like AI automation reshaping the industry, there’s an urgent need for credit professionals to evolve their strategies and skillsets. This alliance brings together Callisto Grand’s cutting-edge educational methodologies and Baker Ing’s operational excellence, aiming to equip credit professionals with the necessary tools to navigate these turbulent times.

Mark Harrison, CEO of Callisto Grand, highlights the significance of this partnership, “By combining our educational expertise with Baker Ing’s operational acumen, we’re creating a holistic solution that addresses today’s volatile economic landscape.” This sentiment is echoed by Lisa Baker-Reynolds, CEO of Baker Ing, who emphasises the timeliness of this collaboration in equipping businesses with the skills and strategies vital for the new era of credit management.

For credit professionals, this alliance promises a blend of practical insights and forward-thinking approaches. It underscores a commitment to ensuring that professionals are not merely coping with today’s challenges but are also geared up to lead the charge for future innovations in credit. As this partnership unfolds, it will serve as a critical resource for those looking to stay ahead in an increasingly AI-driven and economically fluid world.

As we wrap up this week’s Baker Ing Bulletin, it’s time to roll up our sleeves for the rest of 2024. This year’s shaping up to be a cracker, packed with twists, turns, and big chances for those who dare to take them.

For all you eagle-eyed number crunchers and gutsy decision-makers, remember that Global Outlook is your ace in the hole. It’s where we cut through the financial fog and get the lowdown on what matters to credit professionals. Keep one step ahead by checking out: https://bakering.global/global-outlook/

Catch you next week for another round of credit thrills and spills…


FMCG Forum Quarterly Meeting: Coventry

Established: 1980s
Frequency: Quarterly
Partnership: In collaboration with Let’s Talk Credit
Industry Focus: FMCG Sector, including Confectionery, Drinks, Tobacco, Frozen, Ambient, and Bakery

Event Overview

The FMCG Forum Quarterly Meeting is a key gathering for credit and finance professionals in the fast-moving consumer goods industry. Established in the 1980s, this forum invites experts from the confectionery, drinks, tobacco, frozen, ambient, and bakery sectors to collaboratively discuss credit management, share insights on industry-specific financial challenges, and develop strategies for effective account management.

Venue

Our meetings are held in various prestigious hotel locations across the country, providing a conducive environment for professional engagement. A group dinner is organized the night before the meeting, offering a relaxed atmosphere for networking and informal discussions.

Provisional Agenda

  • Credit Management Discussions: Interactive sessions focusing on credit risk, account management, and strategies for minimizing financial exposure.
  • Case Studies and Shared Experiences: Members share experiences and insights from handling complex accounts and navigating industry-specific financial challenges.
  • Industry Updates: Updates on changes in credit laws, regulations, and best practices within the FMCG sector.
  • Networking Opportunities: Time allocated for members to connect, discuss mutual challenges, and explore collaborative solutions.

Why Attend?

  • Practical Knowledge: Gain insights into effective credit management tailored to the FMCG sector.
  • Peer Learning: Benefit from the shared experiences and strategies of fellow credit professionals.
  • Stay Informed: Keep up-to-date with the latest industry developments, regulatory changes, and best practices in credit management.
  • Collaborative Support: Engage in a supportive community that focuses on mutual success and risk mitigation.

Tickets:

Please contact sales@bakering.global

We eagerly anticipate your participation in our next FMCG Forum Quarterly Meeting, where you can deepen your understanding of credit management within the FMCG industry and collaborate with peers facing similar challenges.

 

 


PRESS RELEASE: Callisto Grand and Baker Ing Forge Strategic Alliance

Callisto Grand and Baker Ing forge strategic alliance in response to global economic shifts and technological disruption.

In an innovative move responding to the rapidly evolving credit landscape, Callisto Grand, a trailblazer in credit management training, and Baker Ing, a leader in managing high-value and sensitive receivables, have announced a landmark three-year partnership. This alliance is a strategic response to forecasted global economic fluctuations, rapid technological developments within the credit management profession, and a commitment to leading the industry through this period of significant change.

Addressing today’s challenges and tomorrow’s solutions.

As global markets face unprecedented economic uncertainties and technological disruptions, there is a pressing need for credit professionals to adopt more robust, adaptable credit management strategies alongside augmented, nuanced skillsets fit for this new era. The partnership between Callisto Grand and Baker Ing merges the latest in educational methodologies with cutting-edge operational expertise. This union is poised to provide businesses and professionals alike with a comprehensive toolset and the knowledge necessary to navigate the complexities of a credit profession in flux.

“The partnership is a game-changer,” states Mark Harrison, CEO of Callisto Grand. “We’re bringing together the best of both worlds – our expertise in developing top-tier educational content and Baker Ing’s operational excellence. Together, we offer a unified solution that’s critically needed in today’s volatile environment.”

Lisa Baker-Reynolds, CEO of Baker Ing, emphasises the partnership’s timeliness: “This partnership will be key to equipping businesses with the skills and strategies needed for success as we enter a new era of credit management,”

A commitment to setting new industry benchmarks.

With rapid technological advances and shifting economic landscapes, the alliance between Callisto Grand and Baker Ing stands as a pivotal evolution in credit management training and practice. This partnership is uniquely positioned to transform how credit professionals navigate the complexities of an AI-driven, economically fluid world.

Credit professionals will gain insights and skills that are deeply attuned to both best practice and the new realities of AR automation, predictive analytics, and economic fluctuations. This is to be delivered within an educational and operational framework that is forward-thinking whilst being firmly grounded in real-world application. The approach aims to ensure professionals are not just ready for today’s challenges but are prepared to lead tomorrow’s innovations.

For more information

About Callisto Grand

Callisto Grand has been a vanguard in professional development within credit management, shaping skilled practitioners ready to tackle today’s challenges.

About Baker Ing

Baker Ing International specialises in high-value, sensitive receivables management, offering tailored solutions through a global network of expert credit managers and legal professionals.

For More Information

To learn more about the Callisto Grand-Baker Ing partnership, please contact marketing@bakering.global

 

Baker Ing International Ltd., Office 7, 35-37 Ludgate Hill,, London,, EC4M 7JN

admin@bakering.global

+44 (0)207 871 1790

 

END OF PRESS RELEASE


Baker Ing Bulletin: 12th Jan 2024

Motor Money Matters, Oil Oscillations, Red Sea Ripples, Credit Frontier — Baker Ing Bulletin: 12th Jan 2024

Welcome to this week’s Baker Ing Bulletin, where high-brow finance meets debt collection savvy.

Buckle up, we’re on a wild ride; from the complex tangle of Taeyoung Engineering’s debt restructuring to the rollercoaster of oil prices post-military strikes, every story is crossroads for trade credit.

So, let’s unwrap these January gems…

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1️⃣ Maersk CEO's Warning: Extended Red Sea Crisis Impacting Credit 🌍🚢

Global trade is facing a significant challenge. The CEO of Maersk, Vincent Clerc, has publicly warned of prolonged disruptions in the Red Sea, caused by Yemen’s Houthi rebels’ attacks, predicting that the crisis could last for months. This stark warning has crucial implications for trade credit, highlighting the need for strategic adaptation in the face of extended supply chain disruptions.

Clerc’s forecast being a long-term is particularly alarming. Extended disruptions mean prolonged delays in shipping times, as vessels are rerouted around the Cape of Good Hope. This not only impacts delivery schedules but also severely strains trade credit arrangements globally. Companies relying on the timely arrival of goods for production and sales are now forced to reevaluate their payment terms and credit strategies, dealing with the ripple effects of these logistical setbacks.

The prospect of a months-long disruption is prompting a reassessment of credit risk and liquidity needs across various sectors. Credit managers are finding themselves in a position where they must extend payment terms and/or increase collections efforts to account for these delays. This situation is compounded by the surge in cargo prices, adding further pressure on businesses already navigating tight margins and challenging market conditions.

For credit professionals, this prolonged crisis calls for a heightened focus on risk management and client support. There is an increased need to closely monitor clients’ financial health, particularly those heavily reliant on goods passing through the Red Sea. The situation demands not only a reevaluation of existing credit policies but also a proactive approach in offering flexible solutions to clients affected by the prolonged disruptions, as well as ramping up the sophistication of collections.

Vincent Clerc’s warning serves as a critical indicator for trade credit. The extended duration of the Red Sea disruptions requires us to be vigilant and adaptable now to the evolving needs of our clients. Staying informed and prepared will be key in navigating the complexities and challenges posed by this ongoing maritime crisis.

2️⃣ Oil Price Surge Amid Military Strikes: Credit Spotlight 🛢️⚠️

Following recent U.S.-U.K military strikes on Yemen’s Houthi rebels, trade credit is now grappling with another critical development – a significant surge in oil prices. This increase, recorded on January 11th 2024, with Brent and West Texas Intermediate futures climbing sharply, comes in the context of the already disrupted shipping routes in the Red Sea covered earlier. This combination of events presents a compounded set of challenges for credit.

The situation demands a refined analysis and a proactive response. The direct impact is increased cost of fuel, affecting the operational expenses of businesses across a range of sectors. This rise in costs will likely lead to tighter cash flows and necessitate a reevaluation of credit terms and conditions for affected businesses.

Moreover, given the context of disrupted shipping routes in the Red Sea, the oil price surge exacerbates the existing challenges. Companies are already facing extended delivery times and supply chain uncertainties due to the rerouting of ships. The additional burden of rising fuel costs adds another layer of complexity to managing trade credit risks….Its a burden which will be too heavy for some.

We must consider both these aspects. One the one hand, it will require strategies for managing increased operational costs, such as exploring alternative logistics solutions or renegotiating supplier contracts. On the other hand, there may be a need for increased flexibility in credit arrangements to accommodate the compounded impact on businesses’ cash flows and financial stability, as well as more robust collections activity.

In response to this double whammy of middle east developments, credit professionals should take specific, targeted actions. Key sectors like manufacturing, logistics, and retail, which are heavily reliant on fuel and efficient shipping, are most at risk and need immediate attention. Credit managers should consider reassessing credit limits and payment terms for clients in these sectors, potentially extending payment deadlines to accommodate for increased operational costs and delayed shipments, whilst shoring-up receivables collection capabilities. We must also advise clients to explore more cost-effective shipping routes or alternative suppliers to mitigate supply chain disruptions. Additionally, implementing more rigorous credit monitoring and risk assessment procedures for these vulnerable sectors will be crucial.

3️⃣ Taeyoung Engineering's Debt Restructuring Rattles Credit Analysts 🚧💳

The recent announcement by Taeyoung Engineering & Construction to undergo debt restructuring with the Korea Development Bank has raised significant concerns in the sector. This move by the mid-sized South Korean builder is not just another restructuring case; it mirrors the preceding events leading up to financial shockwaves in 2022 when the default of a Legoland theme park developer led to significant turmoil. That default led to a spike in corporate borrowing costs and a liquidity crunch, exemplifying how the failure of a single high-profile project can have widespread repercussions on the broader credit market.

Taeyoung’s decision is particularly alarming due to its possible domino effect within the vulnerable construction sector, which is highly sensitive to economic fluctuations. The company’s financial troubles, marked by a dramatic 15% drop in its share value, reflect not only on its own stability but also point to underlying vulnerabilities within the entire sector. This scenario is worrisome for trade credit, as it could mark the beginning of a series of financial difficulties for other companies in construction.

The sector’s importance to global trade and commerce can’t be overstated, and it is often heavily reliant on trade credit. A significant entity like Taeyoung struggling financially raises red flags about the sector’s health and its capability to fulfill financial commitments.

For credit professionals, Taeyoung’s restructuring necessitates a reassessment of risk, particularly within the construction sector. The potential for increased defaults and payment delays is real and could significantly affect the stability of trade credit. Time to review and possibly recalibrate risk models, considering the heightened uncertainty. More conservative credit terms and enhanced risk management practices are likely.

4️⃣ FCA Probes Motor Finance Sector: Implications for Credit Assessments 🚗🔍

The Financial Conduct Authority (FCA) in the UK has announced a thorough investigation into the motor finance industry, a move that holds significant implications for credit. This scrutiny, sparked by rising consumer tensions over commission arrangements, is set to impact the financial stability of companies within this sector, making a deep understanding of these developments essential for evaluating creditworthiness and potential risks.

The FCA’s focus stems from a ban implemented in 2021, prohibiting incentives for brokers that led customers to pay higher interest rates for motor finance. Despite this ban, numerous customer complaints have surfaced, alleging unfair commission arrangements before the prohibition. In response, most motor finance companies have rejected these complaints, asserting compliance with the legal and regulatory standards of the time.

The investigation is poised to significantly impact the entire automotive industry. This probe may lead to tighter financing options as financing firms fall to cost pressures stemming from FCA action, directly affecting car sales and the financial health of manufacturers and dealerships. The potential financial strain on motor finance companies could result in a broad recalibration of credit terms and availability, which would in turn ripple through the automotive supply chain.

As a response, credit professionals should consider conducting a comprehensive reassessment of credit risks within the UK automotive sector. This includes evaluating clients’ exposure to these financial shifts and their capacity to withstand tightened financing conditions. The potential for reduced sales and increased financial strain calls for a meticulous review of clients’ financial stability and resilience.

Staying ahead of FCA’s findings is crucial. This means not only closely monitoring the developments but also proactively adjusting credit and collections models, as well as terms, to reflect the changing risk landscape. Trade credit providers might consider more conservative credit limits and enhanced due diligence for clients within the automotive sector, particularly those heavily reliant on motor finance avenues.

Moreover, this situation demands we engage in proactive dialogue with clients, advising them on diversifying their financing options and preparing for potential sales downturns. This could involve exploring alternative credit facilities or restructuring existing debts to mitigate the impact of tightened financing.

The FCA’s investigation into the motor finance sector requires a sophisticated and dynamic approach from credit professionals. It is essential to balance vigilance with strategic flexibility, preparing for different outcomes of the investigation. The key is to anticipate market shifts, adapt credit policies accordingly, and actively support clients in navigating through these challenges, thereby safeguarding the interests of both parties in a rapidly evolving space.

5️⃣ Credit Frontier 2024 - Decoding Economic Trends for Credit Excellence 🔍💡

In a move that’s buzzing through the corridors of credit and beyond, Baker Ing is rolling out the red carpet for ‘Credit Frontier 2024’ on Thursday January 25th. This webinar is billed as the convergence of high-flying economic intellect and savvy credit tactics.

At the heart of this event is Markus Kuger, Baker Ing’s Chief Economic Advisor. Kuger, a maestro of economic trends, is set to dish out insights on the EU’s economy and global financial currents. His session is tipped to be vital for attendees keen to decode the complex economic puzzle of 2024.

Then Shaun Rees, known for turning economic forecasts into no-nonsense, practical strategies, will transform theoretical knowledge into solid, actionable plans for Credit Managers. Expect tips and tricks that could make the difference between thriving and merely surviving in 2024’s credit landscape.

What really sets ‘Credit Frontier 2024’ apart is its extended Q&A. Here’s where the rubber meets the road – an unscripted, anything-goes opportunity for attendees to pick the brains of the speakers. Its a front-row seat to a brainstorming session with some of the sharpest minds in the business.

Post-event, attendees will be treated to exclusive, detailed reports from Kuger and Rees, accessible from the Global Outlook section of Baker Ing’s website; your credit playbook for the year.

Registration is now open for this high-octane, insight-packed event. ‘Credit Frontier 2024’. Set your reminders – this is one lunchtime session that could redefine your credit strategy playbook for 2024: https://bakering.global/webinar.

As this week’s Baker Ing Bulletin draws to a close, let’s stride confidently into the rest of 2024. This year is already unfolding with opportunities and challenges, each requiring a blend of keen insight and bold action.

With that in mind, for all the sharp-eyed analysts and the fearless decision-makers out there, don’t forget that Global Outlook is your go-to resource for cutting through the complexity of credit narratives. Stay ahead of the curve by visiting: https://bakering.global/global-outlook/

We’ll see you next week for another cocktail of credit challenges and opportunities..


Media and Advertising 2024: Inside the High-Stakes World of Global M&A

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Download this paper from Global Outlook: Download

Presented by Baker Ing: Your Navigator in the Media & Advertising Maze

Step into the fast-evolving world of Media and Advertising, where cutting-edge technology and consumer trends are constantly reshaping the landscape. Baker Ing, renowned for our expertise in high-value and sensitive accounts, offers bespoke solutions tailored for global brands in this dynamic sector.

Navigating the M&A Jungle with Precision and Insight

At Baker Ing, we bring together seasoned credit professionals and industry-specific strategies to help you stay ahead in the competitive Media & Advertising arena.

Discover the Baker Ing difference and see how our partnership can revolutionise your approach to receivables management and credit control in a sector where every move counts.


New! EU Late Payment Directive Report

The “EU Payment Directive 2024: Navigating New Norms” report is an indispensable resource for professionals navigating the complexities of the revised European Payment Directive (Directive 2011/7/EU). This detailed study presents a thorough analysis of the directive’s significant regulatory overhaul, impacting commercial transactions within the European Union.

Tailored for credit managers, legal experts, and policy analysts, this report dives deep into the directive’s key revisions: uniform 30-day payment terms, stringent enforcement mechanisms, and a strong focus on digital financial tools. It dissects the directive’s industry-specific implications, offering a critical view on how sectors like manufacturing, construction, and retail are adapting to these changes.

The report provides an exceptional exploration of the directive’s effects on international transactions, especially considering the post-Brexit landscape. It also anticipates future amendments and their potential impacts on businesses operating within and outside the EU.

“EU Payment Directive 2024: Navigating New Norms” is designed to equip decision-makers with strategic insights, enabling them to effectively respond to the evolving EU commercial ecosystem. It’s an essential guide for those seeking to understand and leverage the new regulatory environment for business growth and compliance.

 

🔗 Download “EU Late Payment Directive Reporrt” Here: http://www.bakering.global/product/france-spotlight-2023/


Baker Ing Bulletin: 5th Jan 2024

Red Sea Alert, Global Tax Reforms, VC Shifts, Italy's EV Leap, EU Payment Overhaul — Baker Ing Bulletin: January 5th, 2024

Welcome to the first Baker Ing Bulletin of 2024, your trusted guide navigating the dynamics of trade credit. As we embark on a new year, the landscape of global commerce and finance continues to evolve at pace, bringing both challenges and opportunities.

Fasten your seatbelts; we’re revving up for a year where every twist and turn in global finance and receivables brings a new adventure. From the high seas’ strategic maneuvers to Italy’s electrifying auto ambitions, let’s unwrap these early-year surprises with a dash of insight and a pinch of foresight..

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1️⃣ Red Sea Ripples: Houthi Rebel Defiance Escalates Maritime Tensions 🌊⚠️

The recent audacious move by Houthi rebels in the Red Sea, involving the detonation of an unmanned surface vessel, has sent shockwaves through the global shipping community and trade credit sectors. This act, narrowly missing US Navy and commercial ships, poses a grave threat to one of the world’s most vital shipping lanes, accounting for a significant 15% of global maritime trade, including crucial supplies of oil, grain, and natural gas.

For trade credit, this escalation is not just a distant geopolitical skirmish but a pivotal event with direct implications. The primary concern is the potential rerouting of shipping lines around the Cape of Good Hope. This detour could lead to longer transit times and increased costs, severely impacting the operational efficiency and financial stability of businesses dependent on these trade routes.

The immediate action for trade credit departments is to assess the heightened risks associated with companies in sectors like energy, agriculture, and manufacturing. The supply chain disruptions could significantly impact these businesses, warranting a re-evaluation of existing credit policies and risk exposure. There’s a crucial need to monitor the ongoing situation and its potential impacts on global trade dynamics continuously.

Moreover, this development calls for a proactive approach in supporting clients affected by these disruptions. It may involve offering flexible payment terms or reassessing credit limits to accommodate the increased operational costs and potential delays in shipment. Also, advising clients on diversifying their supply chain sources and routes could mitigate the risk of concentrated reliance on a volatile trading path.

The Houthi rebels’ actions demands not only a keen understanding of the evolving geopolitical landscape but also a flexible and responsive approach in managing credit risks. As the situation unfolds, maintaining a vigilant and adaptive strategy will be crucial for navigating the complexities of this challenging maritime environment.

2️⃣ Global Tax Gamechanger: Multinationals Under New Fiscal Spotlight 🌐💰

The recent enactment of the global minimum tax reform marks a seismic shift in international corporate taxation, with profound implications for the world of trade credit. Spearheaded by the OECD and supported by 140 countries, this initiative sets a groundbreaking precedent by imposing a minimum 15% tax rate on multinational corporations. This move, expected to generate an estimated $220 billion (€200 billion) annually, aims to curtail the long-standing practice of tax avoidance through havens and shift the fiscal landscape significantly.

For credit professionals, this shift presents both challenges and opportunities. The change in tax policy could impact the profitability and cash flows of multinational clients, especially those previously benefiting from lower tax jurisdictions. This new fiscal environment necessitates a thorough reassessment of the creditworthiness of these corporations. Companies may see changes in their financial strategies as they adapt to the higher tax obligations, potentially affecting their liquidity and credit needs.

In this new tax era, we must closely monitor how these changes influence the financial health of clients. The reform could lead to alterations in corporate investment patterns, operational shifts, and even changes in global supply chain strategies. As a result, the demand for trade credit might fluctuate, requiring a flexible and responsive approach.

As we navigate this transformed fiscal landscape, staying informed and adaptable is key. The global minimum tax reform is not simply a change in taxation; it may well represent a new chapter in international trade and finance.

3️⃣ Venture Capital Downturn: Navigating the New Investment Terrain 📉🚀

In 2023, U.S. venture capital investments plummeted to $170.6 billion, marking a substantial 30% drop from the previous year and reaching a six-year low. This downturn, however, is not confined to the U.S. alone; globally, venture capital investments have decreased by 35% to $345.7 billion, the lowest since 2017.

Traditionally, venture capital has been a cornerstone of innovation and growth, nurturing behemoths like Amazon, Google , and OpenAI. The dynamics of venture capital – how funds are raised and deployed – have profound implications on economic and technological progress. Yet, the landscape has shifted post-pandemic, moving from the investment euphoria of 2021 towards a search for new stability.

For credit professionals, this downturn presents unique challenges and necessitates a nuanced approach. The reduced flow of venture capital funds signals potential financial stress for startups and tech-focused businesses, which often rely on these investments for their operations and growth. . Tighter cash flows and altered financial trajectories for these companies will impact their ability to meet credit obligations. The scenario requires credit managers to engage in a deeper assessment of the financial stability and future prospects of businesses in these sectors, particularly those that are venture-backed, and more so those that are not yet profit-making.

Trade credit should consider a more cautious strategy, possibly tightening credit terms or reducing exposure to higher-risk sectors affected by the venture capital decline. This approach involves a closer examination of a company’s financial stability, including their access to capital, revenue projections, and overall business model viability in a less favorable funding environment.

Furthermore, this shift in the venture capital landscape may lead to increased demand for alternative financing options, including trade credit. Companies that previously relied on venture capital might turn to trade credit as a source of working capital, leading to an influx of new credit requests from sectors that are experiencing funding shortages.

It is also essential we closely monitor industry trends and developments, as the ripple effects of reduced venture capital investment can extend beyond the directly affected sectors. Supply chains may experience disruptions if key players in the chain face financial constraints due to reduced funding.

The current downturn in venture capital investments calls for re-evaluation of credit risk profiles, and an adaptable approach to credit management strategies.

4️⃣ Italian Renaissance in EVs: Rome's Bold Move to Rev Up Electric Car Sales 🚗⚡

The Italian government’s ambitious plan to stimulate a shift towards electric vehicles (EVs) with a €930 million ($1 billion) incentive package marks a pivotal change in the automotive industry. This initiative, targeting the replacement of older petrol and diesel cars with electric models, may well transform the European EV market.

Aiming to rejuvenate Italy’s aging vehicle fleet, one of the oldest in Europe, this initiative is not just an environmental manoeuvre but also a measure to bolster the domestic auto industry. With a 19% increase in new-car registrations in 2023 and Italy’s current EV market share trailing behind other European countries, this policy shift arrives at a crucial time.

For credit professionals, this development has a few implications. Firstly, the anticipated boost in EV production and sales is likely to impact supply chains across the automotive sector. Companies within this chain may experience shifts in demand, affecting their financial stability and creditworthiness. Trade credit should, therefore, reassess their risk exposure to these companies, considering the potential increase in business volume and the corresponding financial risks/opportunities.

Secondly, the focus on domestically produced electric vehicles emphasises the importance of regional market dynamics. Understanding how policy changes influence local industries is crucial for assessing credit risks accurately. We need to closely monitor green-policy developments within different regions, and adjust our credit strategies accordingly.

This policy shift is indicative of a broader trend towards sustainable automotive solutions and the potential ripple effects across related industries. Trade credit must stay informed about these developments, adapting credit management strategies to align with the evolving demand patterns, supply chain dynamics, and financial health of businesses in this rapidly changing sector.

Italy’s drive towards electric mobility is a significant step that may set a trend in Europe’s EV industry. For credit professionals, it’s essential to balance the opportunities and risks, and ensuring that our approaches are flexible and responsive to the market’s evolving demands and challenges.

Don’t forget, you can download the latest Baker Ing in-depth report on the automotive industry here, free and in full: https://bakering.global/product/automotive-2023/

5️⃣ EU Payment Directive Overhaul: Setting New Standards in 2024 📜💼

As we usher in a promising 2024, Baker Ing remains committed to delivering crucial insights that keep you ahead in the ever-evolving world of trade credit. We’re excited to introduce our latest comprehensive report: “EU Payment Directive 2024: Navigating New Norms.” This report serves as your new year espresso shot of regulatory updates – strong, invigorating, and precisely crafted to jumpstart your year.

We delve into the intricacies of the revised European Payment Directive (Directive 2011/7/EU), a legislative transformation poised to redefine commercial transactions across the European Union. It’s tailored for credit managers, commercial managers, and policy analysts who are keen to stay abreast of the significant changes in the regulatory landscape.

Key highlights of the proposed revision include the establishment of uniform 30-day payment terms, stringent enforcement mechanisms, and a concerted alignment with digital financial tools. These changes are not just procedural but represent a fundamental shift in how businesses across sectors like manufacturing, construction, and retail will manage their transactions and receivables.

As we step into 2024, we highlight our commitment to providing proactive collaboration and insightful solutions. Whether you’re grappling with the challenges of ageing receivables or navigating the pressures of rising inflation rates, Baker Ing is here to guide and support your business’s journey towards growth and stability.

🔗 Download the report now at https://lnkd.in/e_Ys46s5

As we find our way through this next chapter, let’s embrace the thrills and spills with a blend of caution and courage. Here’s to a year filled with discovery, growth, and strategic mastery.

Whether you’re the eagle-eyed analyst or a bold decision-maker, Global Outlook is your trusted ally in deciphering trade credit narratives: https://bakering.global/global-outlook/

Happy New Year, and may 2024 be a landmark year in your trade credit journey.


Baker Ing Bulletin: 29th Dec 2023

Sanctioned Success, ECB's Rate Riddles, UK Housing Hurdles, Schengen Shifts, SSC Strategies — Baker Ing Bulletin: 29th Dec 2023

Welcome to this week’s indispensable guide through the ever-shifting sands of trade credit.

As we find ourselves in the serene interlude between Christmas and New Year, we’re not taking a breather. Instead, we’re keeping a finger on the pulse.

So, settle in with a cup of your favourite holiday beverage, and let’s dissect this week’s pivotal developments in trade credit.

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1️⃣ Huawei's Resilient Surge: Navigating Credit in a Sanctioned Landscape 🌐🔍

Huawei Technologies’ reported a remarkable revenue increase, marking its highest in three years. The company announced that its full-year sales for 2023 would surpass Rmb700bn ($99bn), up 9% from the previous year, though still trailing its 2020 peak by 20%.

This development, against the backdrop of severe US restrictions, underlines the resilience and strategic pivoting of Huawei. These sanctions, rooted in concerns over national security and Huawei’s alleged links to the Chinese state and military, have significantly constrained the company’s access to essential technologies and markets. Yet, Huawei’s ability to navigate this challenging landscape and report robust sales figures indicates a remarkable level of agility and resourcefulness.

Huawei’s situation is particularly instructive, as it highlights the need to consider a company’s geopolitical exposure and its capacity to adapt to rapidly changing international trade environments. In high-risk sectors, such as technology and communications, where political dynamics can dramatically influence market accessibility and supply chain robustness, the ability to anticipate and respond to these changes becomes critical.

Credit professionals should focus on holistic evaluation of such companies, with an emphasis on supply chain resilience. Equally important is diversification of revenue streams, which can signal a company’s ability to mitigate risks associated with specific markets or political climates. A significant investment in research and development is another crucial marker, suggesting a commitment to evolving and staying competitive despite external pressures. Additionally, a keen understanding of geopolitical and regulatory landscapes, demonstrated by proactive strategies to counteract trade barriers and sanctions, is vital. This is complemented by scrutinising the company’s financial health, of course. Lastly, the effectiveness and agility of a company’s management in navigating past challenges can offer valuable insights. By integrating these aspects into our analysis, credit professionals can develop a more comprehensive view of a company’s capacity to adapt and maintain creditworthiness in a dynamic global context.

The impact of the sanctions on Huawei reverberates across its supply chains, affecting suppliers and customers alike. This interconnectivity underscores the importance of comprehensive risk assessments that account for external geopolitical influences on trade credit terms and overall market stability. Huawei’s success is not just about overcoming adversity but also about the evolving landscape of trade credit in a world where economic and political considerations are deeply intertwined. It highlights the importance of agility, scenario planning, and a keen understanding of global trade’s political dimensions for effective risk management and decision-making.

2️⃣ ECB Interest Rate Cuts Forecast for 2024: Navigating the Turning Tide 🌊💹

The European Central Bank (ECB) is poised to begin reducing interest rates in 2024. This anticipated shift comes amidst a complex interplay of market expectations and ECB caution.

Market analysts and traders currently predict a high likelihood of rate cuts as early as March 2024, with expectations extending to almost seven cuts throughout the year. This contrasts with the ECB’s more guarded stance, stemming from concerns about wage-driven ‘domestic’ inflation and its potential impact on overall price stability. The ECB’s hesitancy is rooted in the need to fully grasp why domestic inflation, predominantly influenced by wages, persists despite other inflation measures showing signs of abating.

This divergence in inflation outlooks between the ECB and market analysts is at the heart of the concerns. While the ECB projects inflation to remain above its target, market forecasts suggest a quicker decline. The implications for trade credit are manifold. Firstly, the uncertainty surrounding the exact timing and extent of rate cuts necessitates a flexible approach to managing interest rate risks and credit terms. Companies in the Eurozone might experience varying borrowing costs, affecting their liquidity and ability to meet financial obligations. Secondly, the broader economic environment, teetering on the brink of recession, calls for heightened vigilance in monitoring clients’ financial health and industry-specific trends.

It’s important to closely monitor the interest rate trends and economic indicators, such as inflation and wage growth, as these will directly influence clients’ financial stability and creditworthiness. Regularly reviewing and adjusting credit risk models to incorporate these variables is essential.

Additionally, credit managers should engage in dynamic scenario planning, creating and frequently updating financial models based on potential economic outcomes, such as delayed or accelerated rate cuts by the ECB. By doing so, we can better predict and prepare for the impacts these changes might have on clients’ ability to meet financial commitments.

In practical terms, these developments could mean reassessing credit limits, payment terms, and the risk profiles of clients in industries more sensitive to interest rate changes, like real estate and construction, automotive and manufacturing, retail and consumer goods, as well as SMEs, financial services, and energy and utilities. These industries may face impacts ranging from borrowing cost changes to shifts in consumer spending. Proactive monitoring and regular financial health assessments of businesses in these sectors are crucial. Adjusting credit strategies, including reassessment of credit limits and payment terms, will be key to effectively managing the heightened risk landscape and ensuring stable credit operations.

3️⃣ UK Housing Market: A Tightrope Walk in 2024 🏠📉

The UK’s housing market is a pivotal barometer of the economy and is navigating a precarious time right now, with Nationwide predicting a continuation of the 2023 trend, where house prices saw a notable 1.8% drop. This forecast for 2024 paints a picture of a market grappling with the impacts of high mortgage rates and cautious buyer sentiment. The Bank of England’s shift from a historic low-interest rate of 0.1% in late 2021 to a 15-year high of 5.25% has notably cooled the housing market’s momentum, especially impacting regions like East Anglia, which experienced a significant 5.2% price drop.

This isn’t just a housing market concern though. It echoes broader economic signals of changing consumer confidence and economic health, influencing businesses’ financial stability and creditworthiness. The trend points towards a more cautious and restrained consumer spending pattern, which could ripple across various sectors.

Retail, particularly big-ticket items, construction, home improvement, and the automotive industry are likely to experience a downturn in demand due to reduced consumer confidence and spending. Financial services, including mortgage and loan providers, will also face challenges as the housing market cools, impacting their revenue streams.

However, the emerging divide between mortgage-dependent buyers and cash purchasers creates a polarised market. For trade credit, understanding this polarisation is essential. Businesses serving mortgage-dependent clients, like those in the residential construction and home improvement sectors, could face heightened challenges due to restricted consumer spending. Conversely, entities catering to cash-rich buyers or operating in sectors less directly affected by housing market shifts, such as commercial real estate developers, and providers of essential services, may demonstrate greater resilience. This understanding is key to accurately assessing the credit risk of clients.

While some analysts remain optimistic, citing resilience against high borrowing costs and a potential easing of mortgage rates, trade credit must exercise caution. The key is closely monitoring the housing market trends, reassessing exposure to related sectors, and preparing for scenarios ranging from a slight rebound to a more pronounced downturn. As the UK housing market continues its tightrope walk, we must ensure robust risk management strategies are in place for the challenges and changes 2024 will likely bring.

4️⃣ Schengen Expansion: New Horizons for Romania and Bulgaria 🇪🇺 🛂

Romania and Bulgaria are poised to join the European Union’s passport-free travel zone exclusively for flights and sea travel starting in March. This ease of movement across borders is likely to increase business travel and networking, potentially boosting trade activities. For credit professionals, it suggests a probable increase in demand for credit, as businesses in Romania and Bulgaria seek to expand operations and explore new market opportunities within the Schengen zone.

Moreover, the entry into the Schengen zone may influence risk assessments for businesses operating in these regions. The development could have broader implications, especially in industries where ease of travel and personal networking are crucial for growth and operations, such as technology, services, and tourism.

Adjusting strategies and managing risks associated with cross-border trade within Europe becomes more pertinent in light of these developments. The move signals a shift in the European business environment, necessitating vigilance and adaptability from credit professionals to accommodate potential increases in demand for credit and changes in risk assessments.

Romania and Bulgaria’s entry into the Schengen area underscores the ongoing balancing act in the European Union between fostering integration and addressing concerns such as illegal immigration and border security. As the situation evolves, we must stay informed and adapt our strategies to harness the opportunities and mitigate associated risks in this changing landscape.

5️⃣ The Strategic Evolution of in Central & Eastern Europe Amidst Geopolitical Changes 🌍🔗

Central and Eastern Europe are increasingly pivotal hubs for Shared Service Centres (SSCs), a trend underscored by the evolving geopolitical landscape. This complimentary report delves into the dynamics shaping this shift, offering crucial insights for professionals navigating the complexities of the current global economy.

The report highlights the significant factors making Central & Eastern Europe attractive for SSCs. These include geographical and cultural proximity to major European markets, a workforce with superior education levels and diverse language skills, and competitive wages. These elements position the region as an efficient, cost-effective location for business process outsourcing and shared services.

The insights from this report are especially relevant considering the recent inclusion of Romania and Bulgaria in the Schengen zone. This expansion may well facilitate greater business mobility and networking opportunities within the European Union. For Shared Service Centres in Central & Eastern Europe, this could mean enhanced connectivity with key markets and an increase in cross-border collaborations and service delivery efficiencies. The ease of movement is likely to impact sectors critical to SSC operations, like technology and services, potentially boosting demand and operational capabilities in these hubs.

Download this report for necessary insights and guidance in navigating these changes, empowering professionals to make strategic decisions in an increasingly interconnected and dynamic business world: https://bakering.global/product/shared-service-centres-in-central-eastern-europe-2023/

As we hover in the quiet lull between the festive celebrations of Christmas and the fresh beginnings of the New Year, it’s a time to pause and ponder. In the intricate world of trade credit, each number weaves a tale, and every policy change brings a new turn in the story. Keep your wits about you and your insights keen as we step out of this year’s complexities into the unknowns of the next. For every credit manager, from the analytics aficionado to the strategic visionary, Global Outlookis here to guide you through these narratives with depth and clarity.

As 2023 rolls to a close, let’s gear up for a year of informed decisions and strategic triumphs.

Wishing you a reflective holiday season and a year ahead filled with success and insight.