Increase Profits While Reducing Cross-Border Risk for SMEs
The spread of the Covid-19 pandemic has exacerbated many of the risks that businesses carrying out cross-border operations face on a day-to-day basis, while exposing the need to protect profit margins. The challenge of coping with this balance is often more difficult for SMEs.
At a webinar on 10 December, Alain Groshens, CEO and Founder, SystematicEdge; Edmond Lau, Principal for Greater China, CFO Centre, and Henry Kwong, Tax Partner, Cheng & Cheng Taxation Services, shed light on the future of the global currency landscape and discussed how SMEs with cross-border operations can optimize profits whilst mitigating the potential risks. In particular, they highlighted the implications of global trade tensions on supply chain management as well as key currency and tax considerations when evaluating new markets.
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