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How to keep increasing your bottom line during an economic down turn.

Economic downturns can be tough for businesses, with consumers tightening their belts and spending less. However, it's important to remember that downturns are a natural part of the economic cycle, and businesses that can weather the storm often come out stronger on the other side. In fact, some companies even manage to grow during economic downturns.

While it can be challenging, there are strategies that businesses can employ to continue growing even in tough economic times. In this blog post, we’ll explore some of the keyways that companies can keep growing, even when the economy is struggling.

When running a business, one of the most important things to consider is how to lower your cost of goods. This is especially important if you’re looking to increase your profits, expand your business, or stay competitive in your market. One way to achieve this is by using an international trader.

First, let’s define what an international trader is. An international trader is a business that specializes in importing goods from other countries. These traders can help you source products from around the world, negotiate with suppliers, and handle logistics and shipping. By using an international trader, you can access a wider range of products at a lower cost than you would be able to on your own.

Now, let’s discuss how an international trader can help you lower your cost of goods. There are several ways that an international trader can achieve this:

  1. Lower labour costs: In many countries, labour costs are lower than in the US. An international trader can help you source products from countries where labour costs are lower, which can significantly lower your cost of goods.
  2. Lower material costs: Similarly, raw materials can be sourced from countries where they are cheaper, which can also lower your cost of goods.
  3. Bulk purchasing: International traders often purchase products in large quantities, which can lead to lower per-unit costs. By purchasing in bulk, you can take advantage of these lower costs.
  4. Negotiation: International traders have experience negotiating with suppliers, which can result in lower prices. They can use their expertise to help you get the best deal possible.
  5. Shipping and logistics: International traders handle shipping and logistics, which can also lower your cost of goods. They have experience navigating international shipping regulations, customs, and tariffs, which can be complex and time-consuming.

Now that we’ve discussed how an international trader can help you lower your cost of goods, let’s talk about how to find the right trader for your business. Here are some tips:

  1. Look for experience: Choose a trader with experience sourcing products from the countries you’re interested in. They should also have experience negotiating with suppliers and handling logistics.
  2. Check references: Ask for references and follow up on them. This can help you determine whether the trader is reliable and trustworthy.
  3. Consider communication: Choose a trader who communicates well and is responsive to your needs. Communication is key when working with an international trader.
  4. Compare prices: Get quotes from several international traders and compare prices. Make sure you’re comparing apples to apples, and that the traders are offering similar services.

In conclusion, using an international trader can be a great way to lower your cost of goods. By sourcing products from countries with lower labour and material costs, purchasing in bulk, negotiating with suppliers, and handling shipping and logistics, international traders can help you save money and stay competitive in your market. When choosing an international trader, look for experience, check references, consider communication, and compare prices. With the right trader, you can achieve significant cost savings and grow your business.

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Water Treatment

Running alongside Ferrochems chemical division, Ferrochem have been servicing various water treatment companies for the last decade. Some of the products that we have procured for our customers in the past have been:

– Hydrogen Peroxide
– Bromo Chloro Dimethyl Hydantoin (BCDMH)
– Calcium Chloride
– Various Phosphonates
– Sodium Chlorite

Food

Ferrochem shows its strength and adaptability through its Food division, supplying both finished product and equipment to several companies within the Food industry. Some products we have procured for customers in the past have been:

– Frozen Seafood
– Frozen Vegetables
– Frozen Fruit
– Kitchen Equipment
– Kitchen Operation Hardware

Chemicals

Our chemical division at Ferrochem has allowed us to extend to various chemical industries within the Australian market such as Hygiene and Waste Disposal. Some of the products we have procured for customers in the past have been:

– Acetic Acid
– EDTA 4NA
– Potassium Hydroxide Flake
– Amino Trimethyl Phosphonate (ATMP)
– Citric Acid

Wine

Recently, Ferrochem have developed close relationships and supplied some of Australia’s leading manufacturers in the vineyard industry. Some products that we have procured for these customers in the past have been:

– Di Ammonium Phosphate
– Tartaric Acid
– Potassium Metabisulphate
– Activated Carbon
– Cream of Tartare

Cosmetics

Ferrochem has serviced a handful of Cosmetic manufacturers to help them grow their business by lowering their production costs through overseas procurement. Some products that we have procured for customers in the past have been:

– Glycerine (ethically sourced)
– Various Vitamins and Minerals
– Fluorescent Pigments
– Citric Acid
– Propylene Glycol

Paints / Plastics

The strength of Ferrochems Paints and Plastics division is underpinned by our excellent supplier base both overseas and locally. Some products we have procured for customers in the past have been:

– PVC Co-Polymers
– Plasticizers
– Liquid and Paint Pigment Dispersions
– Bentonite
– Poly Vinyl Butyrate

Refactory / Foundry

Ferrochem was built on the foundation of its lasting relationships with some of the largest Australian manufacturers in the Refractory and Foundry industries. Some products that Ferrochem have procured for customers in the past have been:

– Fused Alumina
– Chamotte
– Petroleum Coke
– Cement
– Fused Silica

Road Marking

Ferrochem have been dealing with an array of products utilised within the road marking industry and have recently become members of the Road Marking Industry Association. Some products Ferrochem have procured for customers in the past have been:

– High-Friction Bauxite
– Pigmented Bauxite
– Thermoplastic & CAP Resin
– Benzoyl Peroxide
– Glass Beads for Retro-Reflectivity