The implementation of the North American Free Trade Agreement (NAFTA) in 1994 revolutionized the North American fresh produce industry, creating a unified marketplace and opening significant cross-border trade and investment opportunities. Despite its advertised benefits, however, this transformation also amplified the potential for disputes, contract breaches and related issues that invariably…
A company's credit culture defines its approach to credit management throughout the organization, reflecting how decisions regarding credit are prioritized alongside other critical business initiatives. Ensuring timely payments from customers is vital for the success of any sales transaction. However, establishing and enforcing a comprehensive credit policy is often overlooked, leading to…