The ongoing dispute threatens to create further stress on the already strained global supply he ongoing dispute between Danish tugboat giant Svitzer and the Maritime Union of Australia threatens to create further stress on the already strained global supply chain, a senior finance executive has warned.
Mr Angus Sedgwick CEO of OptiPay, which provides finance solutions for importers and exporters, says unless the dispute is rapidly resolved, it will have a detrimental knock-on effect for Australian businesses.
Svitzer has announced plans to lock out workers from midday on Friday following a three-year industrial relations battle with maritime unions over employment conditions.
This means no vessels will be towed in or out of 17 ports in NSW, Queensland, Western Australia and South Australia.
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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.
