Allianz Trade in Greece

The #AllianzTrade team wishes you a peaceful and joyful holiday season! ✨ Thank you for your trust: together, we look to the future with optimism and determination. 🌟 #BestWishes #Holidays #ConfidenceInTomorrow

What an exciting day for the team of Allianz Trade in Greece! We had the incredible opportunity to host representatives from MSF Greece - Médecins Sans Frontières Greece at our office in Athens. They shared with us captivating real life stories from the impactful work they are doing around the world, providing medical care where it's needed the most. Their dedication and enthusiasm were truly inspiring and a powerful reminder of the difference that compassion and commitment can make. Our team was deeply engaged to learn more about the challenges of the missions delivering medical aid in crisis zones and excited to have the opportunity to contribute financially, along with our company, in the support of the life-saving work of this remarkable organization. A huge thank you to Elena Kavvada, Maria Papasimakopoulou, Vassiliki Bonatsou and Dionysis Temponeras from MSF Greece for visiting us and to our Allianz Trade team for showing such enthusiasm and support. #AllianzTrade #DoctorsWithoutBorders #MSF

Is your business ready for the new year? While steady global growth is predicted until 2026, various opportunities and challenges wait ahead. We’ve identified five key economic trends to help guide your strategic decision-making. 📊 Learn how you can prepare for resilience and growth in 2025: https://ow.ly/OYAC50Uotsj #GlobalEconomicOutlook #AllianzResearch #EconomicTrends

Entering new markets poses challenges as you cannot depend on existing client relationships, inviting potential risks to your growth strategy. Implementing effective credit management practices, such as Trade Credit Insurance (TCI), enables you to strike a balance between pursuing expansion and managing risks. By making TCI the foundation of your credit management approach, your business can grow with confidence into new markets. 🚀 Let us help you grow safely, discover more about TCI: https://lnkd.in/dtfB2TWM #AllianzTrade #TradeCreditInsurance #ConfidenceInTomorrow

Weight-loss drugs are the golden formula for growth in the pharmaceuticals sector. 📈 Sales of drugs such as Ozempic and Wegovy have risen from a modest EUR4.5bn in 2021 to a sumptuous EUR21.2bn in 2023. By 2030, the market is expected to balloon to EUR92bn. Widespread use of these medications could save the global health system as much as EUR3.3trn as obesity currently affects 884mn adults worldwide, increasing risks of health issues such as diabetes and heart disease. ⚠️ However, regulatory scrutiny over their long-term safety and the encroachment of generic and copycat products could sour the feast. And the US food market could downsize by USD40bn by 2035 as eating habits change. To stay competitive, food manufacturers will need to whip up smaller portions, healthier recipes, and even explore "natural GLP-1 boosters" for those unable or unwilling to take the pharmaceutical route. Find out more in our latest report: https://ow.ly/5q0U50UjI4w

🛍️ The pricing power party is over for retailers. 📉 While retail sales are still strong in the US and recovering in Europe, retailers are struggling to preserve profitability as decreasing sales in volumes and still high operational costs erode margins. What's more, the stockpiling strategy that began after the pandemic is starting to pinch: The global retail sector increased its inventories by eight days of turnover on average over the four years following Covid-19 but slower demand growth is now forcing retailers to offer aggressive discounts. ⚠️ Against this backdrop, insolvencies are on the rise, with the retail sector accounting for one in every five large insolvencies. Find out more in our latest report: https://ow.ly/oV8W50UgvKZ #AllianzTrade #BlackFriday #CyberMonday

🌎 This week our economists look at three critical issues: 1. Drill, baby, drill: What Trump’s second term means for energy prices. While US oil production is unlikely to increase further, the Trump administration may deliver higher LNG supply to global markets by reducing regulatory hurdles and promoting infrastructure development, which could reduce European gas prices (and thus power prices) by over -15%. However, the return of sanctions against Iran may potentially drive up prices by +5-10%. 2. Q3 earnings: The Atlantic divide continues. Both S&P 500 and Stoxx 600 companies delivered earnings growth in Q3 2024 (+8.8% y/y) but the revenue recession continued in Europe, with a -1.7% contraction. Small and mid-cap companies, particularly in the US, are well-positioned to benefit from Trump’s reshoring policies, but they may challenge the recovery prospects for European companies. 3. Carbon productivity: Taking stock after 29 climate change conferences. As COP29 in Baku comes to a close, we take stock of what has been achieved after decades of climate conferences. The good news is that the global economy has seen a green productivity gain of 70% cumulatively since 1990. And the EU is the clear leader among large economies, with a strong acceleration of carbon productivity from 2.6% to 4.1% annually after the Paris agreement, albeit at seemingly high economic costs. The bad news is that the pace of change is by far not enough to meet net-zero targets by 2050. Read the full report here: https://ow.ly/FKji50UbN4h #Economics #Economy

⚠️ How does your business handle disputed invoices? Encountering customer disputes is inevitable. Since they can affect cash flow, customer loyalty, and business reputation, it’s important to establish solid invoice dispute management procedures. 💡 Learn how you can avoid lengthy – and costly! – customer disagreements: https://ow.ly/J0ta50U4SMK #DisputedInvoices #InvoiceResolution #ClientRelations

Keeping up with the latest proposals and developments to improve the attractiveness of Greece as an investment destination, our team joined the 10th SEBE Export Summit "Investing, the Only Way to Growth", held in Thessaloniki. The SEVE Greek Exporters’ Association has more than 800 active members - dynamic exporting companies and business groups throughout the Greek territory, corresponding to 50% of the Greek exports. #AllianzTrade #ConfidenceInTomorrow

Following the results of the US elections, US-China relations will remain tense and continue to fragment global trade 🌐 Although global trade remains strongly intertwined with the US economy, China has emerged as a new superpower, banking on its critical role in global manufacturing and its large and rising domestic market, according to Allianz Trade latest Trade Report. How will rising US-China tensions reshape global supply chains and impact emerging trade powerhouses? • Trade war reloaded as Trump returns to office: In his second term as US President, Donald Trump is likely to increase tariffs on Chinese and other strategic imports, which would decrease nominal global trade growth by -0.6pp in 2026. These measures are likely to hit US pharmaceuticals, automotive, metals, agrifood and machinery. • American “godfathering” vs China’s “silk” doctrine: US imports have been breaking away from China, and China has been exporting more to its own geopolitically close partners (Russia, Singapore, Vietnam, the UAE, Saudi Arabia). Bilateral trade between geopolitically aligned countries has risen by +2pps (USD620bn) to 60% of global trade in just two years. • Alignment with the US is costly for the EU: While the US and the EU share a common stance on geopolitical issues, their economic interests are not aligned. Tariffs imposed on China cost the US USD17bn per year (4% of its Chinese imports), but they cost the EU almost USD38bn per year (6.4% of its Chinese imports). • New trade hubs are emerging as winners, but making global supply chains more complex: We identify 25 economies that could benefit from the new geoeconomic order, including Vietnam, Malaysia, Indonesia and the UAE. We expect these economies to grow their share of global exports by +1.6pp over the next five years, reaching USD 1 274bn. • Choosing sides in the new geoeconomic order: Our geoeconomic distance scores, comparing the US and China’s respective geopolitical and trade links, show that China’s sphere of influence includes more next-generation trade hubs from the emerging world, while most of the Western bloc remains closer to the US. You can read the latest economic research from Allianz Trade here: https://ow.ly/beHj50U6KuU