International communication: Entroyi was invited to join in the webinar hold by Ebury

Updated:2020-05-13

Share:

Recently, Ben Connors, Entroyi COO, was invited to taking part in the webinar hold by Ebury in Romania. The topic of this webinar is how to improve the supply chian using RMB as the transaction money. All participants exchanged various opinions and ideas in terms of monetary exchange rate, supply chian issue and China-EU trade.

Firstly, Johan Gabriel, the marketing director of Romania and Bulgaria, gave a welcome address and a brief introduction about Ebury. Ebury is one of the most fastest-growing financial technology company in Europe, focusing on providing small and medium size companies with foreign exchange, rick management, international payment and trade financing etc. Headquartered in London, the company has 21 branches in 19 countries, covering Abu Dhabi, Amsterdam, Brussels, Madrid, Sydney, Paris, Hong Kong and many other cities.
 


Topic sharing by Isabel Ye, the director of Ebury China
 
Next, Isabel Ye, the director of Ebury China, shared the merits, FQA and solution of the method, which is using yuan as the exchange money in the international trade. Isabel explained that if China-EU trade use dollar as the exchange money, the Chinese suppliers may change the product price frequently following the exchange rate, which would affect the cost control of buyers, and also increase the number of exchange rate conversions and transaction duration. The yuan is becoming more and more international since entering IMF in October, 2016. It is recommend that European buyers could use yuan as the exchange money in China-EU trade with a stable rate, which can decrease the number of exchange an d avoid price fluctuations.
 

Ben Connors, COO of Entroyi
 
Later, Ben Connors, COO of Entroyi, gave a talk on how to hep Romanian customers find good Chinese suppliers. Ben pointed out the influence and value of Chinese suppliers in global trade. Comparing with developing Chinese supplier by own selves, from Ben’s suggestion, it is would be better to find a agency or service company of rich supplier resources, which can improve efficiency and reduce communication cost.


Finally, participants had a heated discussion on the dynamics of Chinese export under background of the Covid-19, the sourcing management of Chinese suppliers and the global economic influence affected by trade war between China and the United states.

This webinar is just a microcosm of the sincere cooperation between the Entroyi and Ebury. In the future, Entroyi will establish a cooperative relationship with Ebury in the field of commercial financing to upgrade the level of service to European customers. Entroyi is always focusing on the intelligent management of the global supply chain, helping companies to carry out the digital transformation and upgrading of the supply chain, and continuously expanding global business. Welcome global enterprises to cooperate with Entroyi.

Related News

 2020-04-24  Entroyi was invited to participate in Kangmei Pharmaceutical's procurement training sharing meeting  2020-01-13  Weilv Holding Group and Entroyi Technology reached a cooperation to help the efficient development of green supply chain  2019-12-27  Entroyi reached strategic cooperation with GCH and GCCF  2019-09-17  Interview with Tencent: Entroyi Intelligent Supply Chain Management, Leading Industry Innovation and Development  2019-09-03  Entroyi and Lingnan Hotel cooperation project accelerate the digital transformation of hotel supply chain  2019-08-23  Entroyi hosted the 2019 Supply Chain Innovation Development Forum, focusing on the new ecosystem of supply  2019-08-05  Entroyi participate in the 2019 Asia Pacific Hotel Purchasing Supply Chain Cooperation Summit  2019-06-17  Under the wave of digital procurement, how can corporate procurement win?  2019-05-31  Digital Innovation Encourage the Future丨 ENTROYI hold the Digital Purchasing Wave new book conference  2019-05-22  Entroyi participate in the opening ceremony of Colife hotel in Bozhou and wish a better cooperative future  2019-05-14  Entroyi was invited to attend the 2019 Shenzhen Hotel Industry Kirin Forum  2019-04-22  Heavy release! A management book that allows companies to save money, reassure bosses, and make purchases smooth.  2019-03-25  ENTROYI Participated in the 2019 Guangzhou Hotel Industry Association Annual Meeting —— Digital Purchasing Empowered the Hotel Industry  2018-07-09  Guangdong Manufacturing Association 2018 Guangdong, Hong Kong and Macao Dawan District Industrial Development Exchange Summit  2018-04-16  ENTB2B cooperate with China's bidding network to accelerate the digital procurement chain upgrade  2017-09-26  New era, new challenges, "Internet + procurement supply chain" in change