Exporters gain insights on trade, currency and cultures
POLITICAL uncertainty as a result of global events and the impact it has on foreign currency, and how to establish stronger trade relations across cultural differences, are the big issues the region's exporters want to understand better.
Drawing on industry insights, the 40-strong crowd at Food Leaders Australia's Exporters Club Lunch was given an insight into the big issues and how they can better navigate complex cross-border trade.
FLA general manager Bruce McConnel said the monthly event held at Tapestry yesterday was a chance for the region's operators to share their "best-practice" methods and experiences.
"People want to know where interest rates are going," Mr McConnel said.
"I don't think there was a clear direction on that.
"They don't know where foreign currency is going with all the political uncertainty around the world.
"But everyone is really keen to learn more and how to do business around the world and what some of the pitfalls you fall into are."
Mr McConnel said Western Union Business Solutions corporate hedging manager Roy Agostino addressed FLA members on building risk-management strategies for businesses and how to mitigate the fall-out from trading issues.
Alphacrane director Craig Shim spoke on overcoming cultural differences that arose throughout the export process.
"It's great to get all the exporters in one room to be able to mingle and share best practice," Mr McConnel said.
"It was a good opportunity for them to learn."