Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Sebatik

Improving the Resilience of Freight Forwarding Companies using Supply Chain Finance Wisudanto, Wisudanto; Thalib , Prawitra; Panjaitan, Selvy; Nuryadi, Fredy
Sebatik Vol. 28 No. 2 (2024): December 2024
Publisher : STMIK Widya Cipta Dharma

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46984/sebatik.v28i2.2445

Abstract

The industrial revolution 4.0 has expanded business and economic transactions beyond the domestic sphere, fostering interactions between countries. This shift necessitates business entities that can facilitate seamless international transactions. Freight forwarding, as a key player in the logistics sector, plays a crucial role in enabling the movement of goods and services across international borders. However, freight forwarding companies face challenges from fluctuations in foreign exchange rates due to transactions involving suppliers and consumers from various countries, making them vulnerable to currency exchange rate volatility. This paper aims to understand the financial business processes of freight forwarding companies, particularly in managing financial risks and addressing currency exchange rate fluctuations. Additionally, it seeks to explore strategies to minimize the negative impact of exchange rate fluctuations on the financial stability of these companies. The research methodology is descriptive, employing surveys and interviews with freight forwarding companies and stakeholders in the logistics industry. Data triangulation with relevant agencies ensures more valid and comprehensive insights into how the industry addresses currency exchange rate challenges. The findings suggest that freight forwarding companies can mitigate losses from exchange rate fluctuations by implementing hedging strategies and adopting supply chain finance practices on an ongoing basis.
Co-Authors Adhika Ginanjar Widhisana Agus Yudha Hernoko Agus yudha Hernoko Aldhi, Ian Firstian Aldiansyah, Komari Aliansa, Wahyu Amalia Rizki Amelia Bellatrix Pantjo’u Angelica Milano Aryani Wibisono Anjani, Thifal Arif, Mochamad Shamsul Bagus Oktafian Abrianto Bart Jansen Bhayangkara, Ikhlasul Amal Daniel Julian Tangkau Darwati, Yulin Dina Kusuma Ratih Dinda Ajeng Puspanita Dona Budi Kharisma Dona Budi Kharisma, Dona Budi Dwi Hardaningtyas Dwi Hardaningtyas Elvia Rahmawati Erni Agustin Eva Diana Fahrian Saleh Siregar Faizal Kurniawan Faizal Kurniawan Fendy Suhariadi Fendy Suhariadi Gananta, M. Geigiansyah Aulia Putra Hilda Yunita Sabrie Ian Firstian Aldhi Ibtisam @ Ilyana Ilias Kholiq, Mochamad Nur Kholiq Nur Kholiq, S.H., M.Si., Mohamad Nur Komari Aldiansyah Komari Aldiansyah Kurniawan, Faisal M. Gananta M. Hadi Subhan Maradona Maradona Maradona, Maradona Mas Rahmah, Mas Maulani, Atiqoh Farhah Mochamad Shamsul Arif Mohamad Nur Kholiq Nugraha, Xavier Nur Utari Setiawati Nuryadi, Fredy Oktafiyana Oktafiyana Pamoro, Giza’a Jati Panjaitan, Selvy Permanasari, Tyasning Putra, Nurwahyu Dimas Rahmawati, Elvia Rana, Digvijay Singh Rizky Amalia Rizky Amalia Septi Ariadi, Septi Sri Hajati Sri Hajati Suheriyadi, Bambang Suparto Wijoyo Theo Jornada Natanael Sianipar Tonic Tangkau Tri Vena Putri Tri Vena Putri Tri Veny Putri Trisadini Prasastinah Usanti Umar Haris Sanjaya W Lesawengen, Roinardes Wahyu Agha Ari Wimboko Wimboko Windy Agustin Wisudanto Wisudanto Yuniarti Yuniarti Zuhairah Ariff Binti Abd Ghadas