Issue link: http://osercommunicationsgroup.uberflip.com/i/264043
P r o d u c e S h o w D a i l y 1 9 T h u r s d a y, M a y 1 6 , 2 0 1 3 Bank of the West (Cont'd from p. 14) and seller would have a fixed cost. The buyer would know in advance what his cost was going to be and the seller would know what his income would be in his local currency. The buyer can manage the exchange rate risk by buying a forward contract on the amount of pesos he knows he will need to pay for the prod- uct. An American company selling its product overseas can quote prices in the buyer's local currency on a spot or for- ward contract basis. Typically, you will be able to benefit from the effort of hav- ing managed the exchange rate risk for you customer. Hedging foreign currencies is avail- able primarily in major currencies such as the Mexican peso, Canadian dollar, Japanese yen, Chinese yuan, Skandies currency and the 17-bloc euros. Transactions with most Latin American countries, other than Mexico, would have to be denominated in U.S. dollars. There are other ways to share "cash only" risks even across borders. When shipping containerized product to Europe or Asia, it is common to use your foreign buyer's bank as the collecting agent. Under an "International Documentary Collection," you send the documents which your customer needs to clear cus- toms through your bank to your buyer's bank. Under international law, your buyer's bank must not release title docu- ments until they have collected your funds from the buyer. Most tree nuts shipped around the world are paid for by Documentary Collections. Bank collec- tions can work for many other consum- able products. An alternative to COD is to invoice giving terms backed up by insurance on your foreign buyer. Accounts receivable insurance is available from private insur- ers and from the U.S. Export-Import Bank. While all these methods have some risks, you need as many tools in your box as possible to balance risks and returns. Consult the international trade profes- sional at your bank for advice on your specific needs. For more information, visit booth 940 at United Fresh or go online to www.bankofthewest.com. TNA (Cont'd from p. 6) the well-known features of the tna robag 3ci series, such as the simplified film system for effortless film threading, and stainless steel construction for ease of cleaning, while also delivering efficient, reliable PE sealing and bagging. Its polyethylene bags are suitable for numerous packaging applications, including fresh or frozen vegetables, salads, and ready-to-eat fruit. Optimal reliability and a longer lifespan are ensured by tna's trademark "sophisticated simplicity" design. The tna robag FXIS 3ci also offers enhanced ease-of-use as no mechanical adjust- ments are necessary when changing product or film for a wide range of applications and bag sizes. With a small footprint due to its compact design, the tna robag FXIS 3ci requires minimal floor space to maximise productivity. It also helps to meet sustainability goals through minimal air and power con- sumption, as well as standby options within the software. For unrivalled flexibility, the tna robag FXIS 3ci can be seamlessly inte- grated with any upstream or down- stream equipment, and works in synergy with tna weighers, metal detectors, date coders and conveyors, deliv- ering a high performance, efficient packaging line. Michael Green, Managing Director at tna, commented, "The tna robag FXIS 3ci really is a ground- breaking addition to our existing innovative packaging portfolio, and expands our capabilities to an even wider range of applications. We're dedi- cated to offering the highest levels of performance and efficiency to our cus- tomers. This commitment, combined with our outstanding technical expertise and unrivalled after-sales service, means that we can rightly claim to be total packaging solutions specialists." tna installs systems in more than 120 coun- tries and offers project management and 24/7 support services to cus- tomers globally. For further information, visit booth 1408 at United Fresh, contact Shayne De la Force by calling +61 412 366 379, faxing +61 297 482 970, emailing shayne.delaforce@tnasolutions.com or visiting www.tnasolutions.com. SILVER CREEK SOFTWARE UNVEILS VISUAL WMS 3.0, VISUAL iPAD Visual Warehouse Management 3.0 and Visual iPad are a few of the new products now being featured at Silver Creek Software's booth 531 in this year 's United Fresh show. Visual WMS 3.0 and Visual iPad are both designed with the end user in mind and provide the tools necessary to effi- ciently manage and facilitate order processing and warehouse operations. These products help establish and insure accurate product traceability. In addition, native integration with Silver Creek's Visual Produce ERP System provides accurate updates to financial data and inventory as each transaction occurs. Product traceability has become paramount in today's industry. Companies are required to track the thousands of cases of product moving in and out of warehouses daily. Visual WMS 3.0 takes advantage of current technology to streamline and simplify warehouse operations. Utilizing opti- mized scanners and barcodes Visual WMS 3.0 allows for rapid receiving and picking, product putaway, let- down, efficient site-to-site transfer, repacking, accurate physical counting and more. WMS 3.0 cutting-edge tech- nology features also include Enhanced Slotting. All features are integrated into a user-friendly interface that is fully compatible with Visual Produce. Featured software integration between Visual Produce and Visual WMS 3.0 not only decreases deployment time and cost, but also improves perform- ance. Visual WMS 3.0 also provides full forward and backward trace capability for any product to provide users dynamic and accurate produce trace- ability. Traceability data is readily available via entering in the product code, and can be narrowed down to a specific date range or the GTIN/lot number. Visual iPad gives salespeople and buyers the mobility needed in today's produce industry. The user interface is simple and efficient and intuitive oper- ations allow for quick and effective use by any user. The speed and mobil- ity of the iPad combined with the accu- racy of modern web services creates a unique app that fully integrates with Visual Produce. Visual iPad gives the salesperson the ability to create an Continued on Page 22