In the wholesale sector, due to the common nature of its operations, a substantial amount of inventory is often required due to its demand, which has considerable risks. Aside from the basic fire insurance, it is also susceptible to property damage, theft and transit exposures. Consequently, your business operation or supplier could be halted, leading to a slew of delays in the supply chain. A top-notch protection management program is needed in order to not only minimize the chances of it happening, but also limit the damage on the off-chance that a claim arises.
Furthermore, as globalization has allowed consumers to have access to products from across the globe, your cash flow is also coming from all sorts of directions. Protecting your accounts receivable should be prioritized. With large sums of exports, you can do so by utilizing a carefully constructed trade credit