HONG KONG, May, 12, 2020

On May 12, 2020, CRIF was invited by the German Chamber of Commerce in Hong Kong to give some practical tips for reducing credit risks during the current COVID-19 pandemic.

The global supply chain has been hit by the recent pandemic and enterprises are facing numerous challenges including delays in supplier delivery, a decrease in orders, late payment from customers, and cash flow issues.

During the webinar, CRIF showed how to select a reliable buyer or supplier by using business information, and at the same time mitigate credit risks. Businesses were also advised to continuously monitor their business partners, in order to be able to take immediate action in the event of any changes to their partners’ business status. This is also a way to maintain a healthy supply chain.