Global Goes Back to School
PRODUCT: Pencils and School Supplies
AMOUNT OF PURCHASE ORDER:$860,000
When our client received a purchase order for $860,000, it was their largest purchase order received to date. They weren’t exactly sure how to proceed but they were referred to Global by their industry network. Although the school supplies were for back-to-school specials they were also a daily store-shelf item. As a result, there were several critical delivery dates. In order to secure the required production dates, multiple deposits were required by various overseas vendors and all required wire transfers to guarantee order fulfilment and on-time delivery.
After reviewing the purchase order and evaluating the supplier, Global extended $474,000 to the client to procure the back-to-school items. To meet the tight deadlines, we had to split the funds between multiple factories in two separate countries.
With Global’s extensive background in import and domestic trade financing and direct experience with customs and inbound logistics, the orders were filled and delivered to the consumer on time.
Global Helps Start a Movement
PRODUCT: Reusable Grocery Bag
AMOUNT OF PURCHASE ORDER: $475,000 (multiple orders – same product)
Remember when there were only two choices of bags at your local grocery store. You were asked…paper, or plastic? But our clients had a different vision and focused on manufacturing what we know today as the reusable grocery bag.
Our client was the manufacturer with a lofty vision and had their bag tested by multiple retailers before launching a full-market promotion. Well, as they say in the movies, the rest is history. And as a result of product testing, the company was soon awarded with purchase orders totaling $475,000.
The only problem was that shipping had to occur within a very tight window and the factory needed deposits ASAP. When our client reached out, we were able to quickly streamline their funding process, evaluate their supply chain capabilities and fully underwrite and fund the transaction within one week. The successful completion of these purchase orders resulted in an additional 15 containers of bags being ordered from additional buyers. All were received on time and met purchase order requirements.
