Sail Your Import/Export Business Remotely During Covid-19 Pandemic

Posted May 20, 2021 by Ngulminthang

Since the global pandemic of Covid-19 hit the economy, many businesses have been affected adversely across the world.
Since the global pandemic of Covid-19 hit the economy, many businesses have been affected adversely across the world. Though governments are taking quick initiatives to prevent the rising number of infected cases from spreading and spiking the global healthcare systems, being in the import/export business, it can be a little bit frustrating. International commuting is restricted, global centers of commerce are shut down and foreign governments are imposing strict regulations. In this scenario, selling your goods & services overseas is a tough task. Here working remotely is proving like a knight in shining armor for global traders. Financial expert Mr. Ngulminthang Lhanghal says that it can be a daunting task in the beginning, but it will help you keep your business competitive in the market and ultimately boosts your production.

Take a look at these significant tips to help you operate your import/export business successfully remotely during this challenging time. Here they are as follows:

Use Technology To Work Remotely

With the plethora of technology solutions at our fingertips, we are all set to boost our productivity & can collaborate remotely with each other like never before. Many importers & exporters have already adapted to the latest web-based and mobile application tools in their daily operations. And if you are also using these tools & technologies, it will be much easier for you to stay connected with your team while working remotely.

Video Conferencing - It is not a concept you are not aware of but in the phase of the global economy, be it last year or in the present, it has increased its use across the world. Many programs can help you collaborate and connect with the team like Zoom, Slack, WebEx, and Skype.
Project & Team Management - While working in person, it was quite easy for you to get everybody on a whiteboard to note some points but you can do this in the remote working also. Tools like Trello, Asana, or IncoDocs can help you manage your work visually in a paperless office.
Cloud Storage - When it comes to sharing work across the team, you can consider cloud storage solutions like Google Drive or Dropbox, etc.

Be An Early Bird Of Export Updates & Communication

To stay competitive in the market, you need to be aware of the current trends going on in the export market, says Financial expert Mr. Ngulminthang Lhanghal. In the rapidly changing market full of new rules & guidelines every second day, it is important to arm yourself with the latest changes and run your business accordingly to get in people's eyes and to protect your team’s interests. Take the help of various online resources offering information about the Covid-19 pandemic and its global impact. Leverage your relationship & communication with business parties. Being a little proactive & connective with your network remotely will help you know what’s latest and observe the moves of global trade parties like importers, distributors, customers, supply chain, and freight forwarders, etc.

Get People’s Trust In Global Trade By Improving Transparency

In the present situation, the key to run your import/export business successfully by working remotely is keeping your business operations transparent. It will help you gain people’s trust back in your business and enable them to connect with you. Consider various online messaging tools and real-time chatbots to receive their queries and send solutions immediately. Tell them how your business is coping up with the present situation and how you are helping them by offering products & services.

Know Your Financial Position

In addition to all these concerns, it is essential to make correct & informed decisions about your business based on the current financial position. Restrictions & guidelines imposed by governments, your ability to pay off debts and meet your business goals will be determined by your business goals.

And one of the most important things to do is not to lose hope and stay positive. Covid-19 has its adverse effects globally and you are efficiently fighting against it.

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Issued By Ngulminthang
Country Singapore
Categories Banking , Finance , Services
Tags financial expert , global trade , ngulminthang lhanghal
Last Updated May 20, 2021