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LSCMS Blog

Blog for updates and happenings in logistics in the Asia-Pacific region

May 10, 2015

A New Approach to Paying Your Suppliers

Filed under: Finance,News,Newsletter,Supply Chain Management — admin @ 11:19 am

PodcastThe way in which buyers pay their suppliers hasn’t kept up with the times. The result: an unacceptable level of global supply-chain risk.

Big companies today are demanding that their customers pay quickly and on time. Yet when it comes to paying their suppliers, it’s a different story. Buying organizations are stretching out terms, to the point where a supplier might not get compensated for services for nearly two months. For smaller entities, that delay can threaten their very survival. So why, in a time of economic recovery, are buyers treating their suppliers in this manner? And what can be done to satisfy both sides? In other words, what constitutes fair financing?

[Read more… Curated from Supply Chain Brain]

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February 12, 2015

Forrester Study Shows ‘Trust is Key in Selling Goods Online’

Filed under: Finance,Logistics,News,Newsletter — admin @ 11:08 am

eccommerce-concept-1-1415244-mNew research shows importance of trust for online shoppers in Asia-Pacific when buying from SME e-tailers in other markets—reveals how SMEs can win that trust.

FedEx Express unveiled the results of a research study into global consumer behavior around cross-border e-commerce. Conducted by independent research firm Forrester Consulting, the FedEx-commissioned study reveals a marked reluctance among online shoppers in the Asia-Pacific region (APAC) to buy directly from the websites of small- and medium-sized enterprise (SME) online retailers: 57 per cent of APAC respondents ranked this as their least-preferred business type for cross-border shopping*, ranking it below multi-brand online marketplaces, brand or manufacturer websites and bricks-and-mortar retailers.

Of the APAC respondents who expressed misgivings about buying direct from SME online retailers, 46 per cent said their reluctance stemmed from the difficulty in verifying the seller’s reputation or trustworthiness—compared to a global average of just 21 per cent who harbored this reservation.

[Read more… Curated from Logistics Insight Asia]

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February 3, 2015

Bitcoin – A New Operating System for the Supply Chain?

Filed under: Finance,Logistics,News,Newsletter — admin @ 12:15 pm

On the back of the article on Cryptocurrencies from last week, there is further interest in this topic from a supply chain perspective.

For those that are interested, check out the following:

Happy reading!

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January 14, 2015

Taxman Looks to Take Bite Out of Chinese and Their Businesses No Matter Where in the World They Make Their Money

Filed under: China,Finance,News,Newsletter,Supply Chain Management — admin @ 11:08 am

Chinese FlagAs Chinese individuals and companies head overseas in greater numbers, the country’s tax authorities are starting to follow.

China’s tax officials are now demanding that citizens start reporting exactly how much money they earn overseas.

In asking for this information, national and municipal tax agencies in China are quietly beginning to enforce a little-known and widely ignored regulation: Citizens and companies must pay domestic taxes on their entire worldwide incomes, not just on what they earn in China.

The State Administration of Taxation in Beijing has begun a separate campaign to curb tax evasion by Chinese companies as they start to make big overseas investments.

[Read more… Curated from The New York Times]

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January 5, 2015

Bitcoin and the Rise of Cryptocurrencies: Are They Here to Stay?

Filed under: Finance,News,Newsletter,Supply Chain Management — admin @ 11:12 am

PodcastAre cryptocurrencies like bitcoin gaining legitimacy in the retail and services sector? And what impact might they have on the supply chain?

Bitcoin is an online, peer-to-peer payment system that sidesteps traditional currencies. The virtual instrument has had a rocky existence since it was invented in 2008 by the mysterious “Satoshi Nakamoto.” Among its setbacks was the U.S. government’s seizure of assets of the Tokyo-based bitcoin exchange known as Mt. Gox, followed by the FBI’s shutdown of the Silk Road website, accused of being a marketplace for the sale of illegal drugs funded by bitcoin. Now, however, bitcoin and other cryptocurrencies are beginning to gain acceptance as legal tender by a number of online merchants. One of them is eGifter, the seller of digital gift cards, whose founder and chief executive officer Tyler Roye joins us on this episode to explain why he believes bitcoin is an idea that’s here to stay. He also speculates about the currency’s possible impact on supply-chain transactions.

[Read more… Curated from Supply Chain Brain]

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