To avoid risk and ensure stable credit, trade credit insurance is recommended as a “shield” for companies because it is a method for protecting a business against risks.
Many plastic enterprises witnessed strong declines in revenue and profits in the third quarter of the year due to higher raw material prices and disruptions in production and business activities caused by the COVID-19 pandemic.
Plastic companies are facing possible bankruptcy after 4,000 tonnes of plastic scrap, raw material for their production, have been held up at ports for tests to ensure they meet import criteria.