The global economy is expected to expand 5.6% in 2021, the fastest post-recession pace in 80 years, largely on strong rebounds from a few major economies, according to the World Bank’s June 2021 Global Economic Prospects report. Many emerging markets and developing economies, however, continue to struggle.

An analytical section of the report examines how lowering trade costs such as cumbersome logistics and border procedures could help bolster the recovery among emerging market and developing economies by facilitating trade.

Despite a decline over the past 15 years, trade costs remain almost one-half higher in these countries than in advanced economies, in large part due to higher shipping and logistics costs. Efforts to streamline trade processes and clearance requirements, to enable better transport infrastructure and governance, encourage greater information sharing, and strengthen competition in domestic logistics, retail, and wholesale trade could yield considerable cost savings.… Read the rest

The importance of cash flow is undeniable; the write-off of bad debts affects more than your firm’s cash flow; it also impacts sales and marketing efforts. The table below shows the “multiplier” impact on sales from bad debt write-offs.

For example, you have an account that you write-off for $100,000, and that sale had a 2% profit. To compensate for the loss, you would need to produce an additional $5,000,000 in sales to offset the loss of profit on the $100,000 in write-offs.

NACM CS is certified by Commercial Collection Agencies of America and can help recover your bad debt. Our collector’s primary focus is to collect debts and knows the techniques to get you paid.… Read the rest

Greg Garner – Vice President-Business Strategy & Collection Operations
San Diego, California Office

Hello friends. My name is Greg Garner, currently serving as Vice President-Business Strategy & Collection Operations with NACM Commercial Services. I’m physically based in our San Diego, California office which is a result of NACM Commercial Services and NACM San Diego/New Mexico/Colorado joining forces in May 2019. My career with NACM San Diego launched way back in 1987 and I ultimately had the incredible honor to serve as President/CEO during the years 2001-2019. Yes, I am arguably another of the many “NACM lifers!” I hold an undergraduate degree in Political Science from UCLA (Go Bruins!) and an MBA from the University of Redlands.… Read the rest