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Export loss cases rose rapidly
In order to standardize the LED industry export contract standards, establish an industry overseas buyer risk warning platform to help export-oriented enterprises to develop the market and effectively avoid risks. On the afternoon of August 30, Shenzhen LED Industry Association and China Export Credit Insurance Corporation Shenzhen Branch (hereinafter referred to as Shenzhen Xinbao) and the Bank of China Shenzhen Branch held a high-level forum on LED enterprise risk financing management in Shanghai Hotel. More than 30 executives from local LED industry companies in Shenzhen participated in the forum.
At the forum, Shenzhen LED Industry Federation announced that it will jointly establish an industry risk management platform with Shenzhen Xinbao to provide services to a wide range of industry enterprises in risk warning, contract specification, external negotiation and risk consulting. It is reported that this is also the first industry risk management platform organized by the association in Shenzhen.
According to Shenzhen Xinbao statistics, there are currently 227 insurance companies in Shenzhen LED industry, with an underwriting amount of 570 million US dollars. Most of the leading enterprises in the industry are customers. In 2012, there were 45 reported losses in the LED industry, totaling USD 8.68 million, and the actual settled claims were USD 4.46 million. In the January-August 2013, there were 39 reported losses in the LED industry, totaling USD 7.84 million. The awards were 4.19 million US dollars, and the most dangerous areas were the United States and the European Union. As can be seen from the above data, the cases and amounts of LED enterprise export loss reported this year are rising rapidly, and the total is close to last year.
Since 2013, the LED industry has been showing signs of recovery, and various favorable policies have continued. At the same time, however, cases of LED industry failures have occurred from time to time. Zhongshan Xiongji Lighting Factory, Shenzhen Leixing Optoelectronics, Shifang Optoelectronics, Yiguang Technology, Taiwan Keli Optoelectronics and other enterprises have all collapsed in the smoke-filled industry competition. .
Risk prevention and control has become especially important
The overseas market has always been an important strategic goal of LED companies. However, the impact of the European debt crisis has not really dissipated. The overseas micro-economic entities have not recovered, and the risk losses suffered by LED industry companies in the process of vying overseas markets have increased year by year. The increasingly competitive domestic LED midstream and downstream markets have cultivated the habit of buyers selling credits, and the risk prevention and control of business management has become particularly important.
“Most of the companies have personnel, finance, and inventory management systems, but they ignore risk management.†Sun Junzhu, director of Shenzhen Xinbao Business, pointed out that “overseas sales are different from domestic sales, and a sound risk management system is needed to control. â€
Sun Junzhu said that export enterprises need to change the decision-making method of the boss's "slap the head", and improve management from three aspects: credit mechanism, contract document management and risk transfer, to ensure the healthy and stable development of the business. Especially in contract management, companies should pay attention to identifying the subject of the transaction, selecting the appropriate contract form, grasping the key terms, and handling the dispute with wisdom.
The relevant person in charge of the Shenzhen LED Industry Association said that the establishment of an industry risk management platform can share the credit status of overseas buyers with enterprises in the industry, monitor the risks of overseas markets in a timely manner, help enterprises improve their ability to prevent international trade risks, and enhance the competitiveness of the international market.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
Buyers sell off Shenzhen LED export loss cases increased sharply
According to statistics, from January to August this year, the value of Shenzhen LED enterprise export loss cases has approached the amount of last year's full year, and the risk of experiencing overseas markets has gradually expanded. Experts pointed out that the main reason is that the increasingly fierce domestic and downstream LED market has cultivated the habit of buyers selling credit, posing challenges to risk prevention and control in business management.