Supply chain

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Banks failing to meet foreign exchange needs of small firms

The foreign exchange needs of UK micro businesses are not being met by banks, with firms experiencing poor service, hidden costs and a lack of appropriate products when using banks’ currency transfer services. Research conducted by foreign exchange company World First amongst 1,000 small business owners found that 52 per cent felt that their bank did not understand their currency transfer needs more»

Counterfeit goods

Counterfeit goods and the threat to the supply chain

Small business bosses constantly strive to safeguard their reputation, and in order to have continued trust and loyalty from customers, they must be able to guarantee the quality of their goods. However, in many situations companies don’t have complete control over components and goods that enter the supply chain – and that can wind up in their end product. more»

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