A fresh wave of COVID lockdowns in China leading to more supply chain disruptions has left Australian businesses looking for new ways to stem cash flow problems.
Funding solution provider OptiPay has seen enquiries for trade finance triple in recent weeks as businesses find getting stock from overseas is harder, more expensive and is taking longer.
“It’s definitely global supply chain issues that are driving these enquiries,” says OptiPay CEO Angus Sedgwick.
Since the beginning of March congestion levels at ports in mainland China have increased 30 to 40% after Shanghai was locked down due to the country’s zero-COVID policy.
“New lockdowns in China caused chaos once again. Some businesses are experiencing six week delays in receiving their goods while others are waiting up to six months,” he says.
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Who is OptiPay?
OptiPay, one of Australia’s leading business finance providers, has been dedicated to helping small business owners solve cash flow challenges for over a decade and has provided $1.5 billion in business funding to more than 500 Australian businesses. OptiPay specialises in modern financing solutions such as invoice factoring, invoice finance, debtor finance, and lines of credit. OptiPay’s mission is to support business growth providing liquidity in as little as 24 hours, ensuring they have access to tomorrow’s cash flow today. This rapid access to funds helps businesses maintain smooth operations and seize growth opportunities without the stress of cash flow constraints. At OptiPay, we believe that healthy cash flow is the lifeblood of any successful business. Our commitment to helping businesses overcome financial hurdles and achieve their growth ambitions has solidified our reputation as a trusted partner in the business finance sector. Whether you are looking to stabilise your cash flow, expand your operations, or navigate financial challenges, OptiPay is here to support your journey with innovative and efficient financing solutions.
