Facts have proved that our fastener enterprises must strive
2019-07-25
Recently, Haiyan's two fastener exporters received compensation of about 3.76 million yuan from China Export Credit Insurance Company (hereinafter referred to as "China Credit Insurance"). Then, what kind of foreign trade environment is reflected behind the loss of these two enterprises, and what inspiration does it have for "sea salt manufacturing"?
Current situation: The foreign trade environment is tightening and the buyer's arrears become a big hidden danger.
The buyer involved in the case is an old-fashioned fastener buyer in the United States, who has been trading with one of the Seasalt fastener exporters for five years. It is understood that the cooperation between the purchaser and a fastener company in Haiyan has been relatively pleasant before, but after the second half of 2011, due to the serious inventory backlog and the extension of payment period for downstream customers, the purchaser's capital chain has tightened, resulting in payment arrears, and ultimately unable to pay domestic exporters on time. Payment for the goods. As a result, Haiyan two fastener exporters reported losses to China Credit Insurance in January and March 2012 and entrusted them with overseas recovery.
"In this case, with the deep spread of sovereign debt crisis in Europe and the United States to the real economy, the demand of foreign market and the ability of buyers to pay have both declined. Sovereign debt crisis has become one of the main macro factors leading the credit risk of foreign buyers." Relevant industry insiders said.
So what are the substantive impacts of this tightening foreign trade environment? Reporters learned that since the beginning of this year, the number of all kinds of damage cases received by CIBC Jiaxing has been increasing. As of May, CIBC Jiaxing has accepted 63 cases of damage reporting, the total amount of damage reported is about 13 million US dollars, of which 11 cases involve sea salt export enterprises. The main cause of damage is the buyer's arrears.
Countermeasure: Accelerate the pace of industrial transformation and establish risk early warning and tracking mechanism
All along, fastener industry is one of the pillar industries of sea salt, so sea salt has the reputation of "iron sea salt". However, there are also some problems in this industry, such as homogeneous competition of products and low added value. Nowadays, with the disappearance of population dividend and cost dividend, the export of "Tiehai Salt" is also facing great challenges. Accelerating the pace of industrial transformation and establishing risk warning and tracking mechanism have become the "compulsory course" for the continued development of "Tiehai Salt" and even the whole export of "Sea Salt Manufacturing".
In this regard, China Credit Insurance experts suggest that sea salt export enterprises should further enhance risk prevention awareness, standardize trade operations, establish a regular risk early warning and tracking mechanism, and fully do a good job in "pre-", "in-the-process" and "after-the-event" comprehensive risk control. At the same time, export enterprises can also use export credit insurance as a policy tool to establish and improve the credit risk management system, and further enhance their ability to resist risks by means of "ex ante" investigating the buyer's creditworthiness, "in-the-process" tracking foreign exchange receipts, and "after-the-event" compensation for losses, overseas recourse and other measures.
