The automotive industry seems to break a new record every year. People are keeping their cars longer than ever before. They’re also driving more miles than any period on record. It is no surprise, then, that aftermarket sales for parts and accessories are also at record highs.
As demand continues to spike, billions of dollars of inventory is shipped almost daily. The firms best equipped to capitalize on the growth of the aftermarket are those that are able to effectively manage cash flow and ensure liquidity to keep operations running smoothly. Global Asset-Based Lending (GABL) and UPS Capital Cargo Finance® can help. GABL will allow you to borrow against the value of offshore warehoused, in-transit goods, domestic receivables or domestic inventory, freeing up cash flow tied up in your supply chain. UPS Capital Cargo Finance offers an unsecured line of credit with flexible terms to borrow against in-transit inventory. This turns increased liquidity into a competitive advantage that can take your business to the next level.
Emerging markets represent 85% of the world’s population.2
Changing macroeconomic trends, including increased in-vehicle technology and near-shoring have resulted in an automotive supply chain that is longer and involves more firms, countries or territories, carriers and modes of transportation. The increased complexity has made it harder to mitigate risk and work around unplanned disruptions. With Cargo Insurance through UPS Capital Insurance Agency, Inc., you can safeguard the value of your shipments against loss or damage with a fully customizable insurance solution. No matter where your products are in your supply chain, we’ve got you covered.
Recent trade agreements are poised to make American exporters more competitive. However, auto firms will need to enter new markets wisely to avoid disruption to their operations and their bottom line. Trade Credit Protection Services can help mitigate the risks of going global. By using Trade Credit Insurance through UPS Capital Insurance Agency, Inc. to protect receivables against insolvency, bankruptcy or protracted default, companies can comfortably accept larger domestic and export orders.
The automotive industry faces challenges as varied as the products that need to be transported. Rely on UPS Capital® to fine-tune every link of your supply chain with our products and services, proven experience and logistics capabilities.
More Products & Services for Automotive
Roush Industries: UPS driving solutions
Roush Enterprises, one of the most recognizable global brands in the racing and performance industry relied on two separate third-party freight providers to ship goods ranging from raw materials to parts to vehicles. But, because of the extra paperwork and expenses of dealing with multiple providers, Roush looked for a better solution. What they found was the power of one. UPS offered everything they needed, including insurance to mitigate risks of a global supply chain.
Pulse of the Automotive Online Shopper™ Study
Online shoppers for automotive parts and accessories are more empowered than ever before. Knowing what they expect is key to increasing sales, customer service and loyalty. We have key insights on what influences their preferences and behaviors – and tips on how automotive parts retailers can increase sales, service and loyalty.
2. IMF - The Case for a Global Policy Upgrade, 7/29/15