Article written by Monnike Garcia, Founder of LABCOMEX and the Women in Comex initiative, which aims to leverage women and small companies in Foreign Trade.
ConnectAmericas, the first social business network in Latin America and the Caribbean, and Mastercard, leading company in payment management, signed a partnership agreement that will benefit small and medium sized companies (SMEs) that aim to grow their businesses internationally.
For an SME in expansion, ensuring adequate control of debt reduces the risk of default with respect to creditors, suppliers and clients, and secures efficient business operations. Although some business owners feel proud of the fact that they have never taken out any loans, this is not always a realistic approach.
The high level of competition in international markets has led companies to realize that in order to survive and be successful it not sufficient to improve internal operations. It is necessary to reach out beyond the organization in search of strategic alliances among members of the supply chain in order to compete successfully.
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