Sebatik
Vol. 28 No. 2 (2024): December 2024

Improving the Resilience of Freight Forwarding Companies using Supply Chain Finance

Wisudanto, Wisudanto (Unknown)
Thalib , Prawitra (Unknown)
Panjaitan, Selvy (Unknown)
Nuryadi, Fredy (Unknown)



Article Info

Publish Date
20 Dec 2024

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.

Copyrights © 2024






Journal Info

Abbrev

sebatik

Publisher

Subject

Computer Science & IT

Description

SEBATIK merupakan jurnal kumpulan artikel hasil penelitian, karya ilmiah, maupun program pengabdian masyarakat dari seluruh civitas akademik di Indonesia dalam rangka mengitegrasikan informasi. SEBATIK menyediakan layanan publikasi terbuka untuk semua kalangan umum, baik di semua lingkungan ...