Allianz Trade in North America

2024 has been a rollercoaster for the U.S. economy. We’ve witnessed a dynamic interplay of factors influencing economic growth, including fluctuations in employment rates, shifts in consumer spending, and changes in government policies. The first half of the year has seen both triumphs and challenges that have shaped our economic narrative. Join us on Friday, September 13th at 12:00 PM, where Dan North will look at some positives, including consumer spending, and a resilient labor market, and strong negatives, such as inflation, and give his insights as for what is next.

Flash: A critical material in the global supply chain is suddenly at risk. I have friends who were right in the path of hurricane Helene, and we have been trying to find a way to get to them. In looking at a Google map to try and find a path of open roads (there aren’t any) I noticed the town of Spruce Pine, North Carolina. Spruce Pine is one of the most important towns in the world. I had recently read about Spruce Pine in a book called “Material World” describing the six basic materials needed to build our world. Spruce Pine, population 2,900 is a critical link in the global supply chain. Spruce Pine has the two largest mines in the world containing ultrapure quartz (a few other countries have a little, but they’re dwarfed by Spruce Pine). It’s the only material in the world which can be used to make crucibles in which silicon wafers are made, and those wafers are made into silicon chips, semi-conductors, transistors, and then the electronic components of devices just like the one you are reading from right now. It’s a critical link in the manufacturing of virtually all electronics. Without quartz from Spruce Pine, you can’t maker silicon wafers – end of story. The two mines in Spruce Pine which produce that quartz have now been flooded by Hurricane Helene, and the train tracks to haul it away have been heavily damaged. Most manufacturers of electronics probably have some in storage, but it’s unknow. If Spruce Pine can’t produce that quartz for a few weeks, it could cause serious damage to the manufacturing of electronics, globally. In “Material World”, the author, Ed Conway writes, with an eerie prescience, ”What if something happened to those mines? What if say, the single road that winds down from them to the rest of the world was destroyed in a landslide? Short answer: it would not be pretty. ‘Here’s something scary‘ says one veteran of the sector ‘If you flew over the two mines in Spruce Pine with a crop duster loaded with a very particular powder, you would end the world’s production of semi-conductors and solar panels for six months.” This situation merits very close attention.

Happy Rosh Hashanah! As we welcome Rosh Hashanah, the Jewish New Year, we reflect on its profound significance and cherished traditions. Observed on the first and second days of Tishrei, this special holiday marks the beginning of the Ten Days of Repentance, culminating in Yom Kippur, the Day of Atonement. #AllianzTrade #RoshHashanah

We are thrilled to announce our partnership with TreviPay, the leading B2B payments and invoicing network. This collaboration seamlessly integrates Allianz Trade’s credit insurance into TreviPay’s suite of solutions, enhancing risk management and funding capabilities for businesses worldwide. “By combining our expertise in risk management with TreviPay's technological capabilities, we are setting new standards in business payments. This partnership allows us to support more businesses in achieving their strategic goals with enhanced security and efficiency.” - Francois Burtin, Global Head of Group Transformation. Following this announcement, we’re proud to share that our very own Aaron Lindstrom will be speaking at TreviPay Crossroads this week. He will discuss scaling strategies, leveraging strategic partnerships, and preparing for the future of risk management. https://ow.ly/GenE50TBjQN

Keeping DSO in Check: Essential Tips for Your Business Managing Days Sales Outstanding (DSO) is key to maintaining a healthy cash flow and protecting your business from late payments. Here’s how you can stay ahead: https://ow.ly/SzRC50TwimI #DSO #ExportRisk #AllianzTrade #BusinessGrowth #FinancialHealth

We are excited to attend IFPA in Atlanta, GA from October 17-19! Our risk management consultant team will be in attendance and ready to share how we can help your business avoid the tricks and enjoy all the treats of effective credit management. Stop by booth C3055 to learn more! We hope to see you there! Thomas Shochat Leo Freeman Christina Lehman, MBA Brett Bronstein Bobby Wadley Kevin Rizzo Joey Dickerson #IFPA2024 #Halloween #AllianzTrade

🐣✨ Remember feeding your Tamagotchi every day to keep it happy and thriving? Your credit management process needs the same daily care and attention! Dive into our latest insights on continually improving and nurturing your credit management techniques, and swipe to hear from Julius Choi and why this is essential to keeping your business healthy and thriving. Learn more here: https://ow.ly/BvoY50TouOW

Happy International Podcast Day! 🎙️🌍 We are celebrating by reflecting on the many achievements of our award-winning podcast, Wheel of Risk! Thank you to our partners at JAR Audio for making this podcast such a success. Listen today to hear expert insights, compelling stories, and innovative strategies that help businesses navigate today’s complex landscape. Starting listening today here: https://ow.ly/U3LT50TouV3 #InternationalPodcastDay #WheelofRisk

Introducing Sean Delaney, who recently started at Allianz Trade as a Senior Credit Analyst! Sean chose Allianz Trade because he was looking for a new challenge, as well as training, job swaps, and mentorship opportunities. He is excited to dive deeper into the macroeconomic analysis of the Retail sector, a field that reminds him of one of his first roles out of college which he really enjoyed. We’re glad to have you, Sean! #AllianzTrade #NewHire

Get the freshest financial insights and expert advice from Allianz Trade's Market Advisory Advocate Program (MAAP). Stay ahead of the game with data-driven strategies and market trends. Swipe to hear from Teresa Matney, who gives the inside scoop as to why our customers love this program. Learn more about MAAP here: https://ow.ly/Ug1B50TouAe #FinancialInsights #ExpertAdvice #AllianzTrade