Tariffs have long been a tool of international trade policy, used by countries to influence economic relationships and protect domestic industries. However, they can also result in higher prices for consumers and provoke retaliation from other nations—actions that may weaken exports and slow economic growth. When countries impose tariffs or other trade barriers on one another, it can escalate into what is known as a trade war.  

Regardless of your career, mastering your craft may seem like a lifelong journey, requiring the right tools and rigorous training under the guidance of a true expert. In the credit profession, a designation earned through NACM and FCIB’s six-level Professional Certification Program, makes the pursuit of knowledge and professional growth an achievable feat. At each level, credit professionals gain the essential knowledge and skills needed to stand out and flourish in their field. 

Earning a designation through one of NACM and FCIB’s six Professional Certification Programs is a big step in a credit manager’s career, as it refines the skills they use every day as they approach tricky credit dilemmas with a keen eye for detail.

South Korea’s economy is currently facing a period of slower growth, with the first quarter of 2025 experiencing a contraction of 0.1% in gross domestic product (GDP). This downturn is attributed to various factors, including heightened political uncertainty and crippling tariffs.

As challenging economic conditions plague all areas of the market, the agricultural industry appears to be consistently slumping as it endures a multi-year trough, testing the patience of credit managers across the industry.  

Days Sales Outstanding (DSO) is the most frequently reviewed key performance indicator (KPI) by upper management, representing the average number of days it takes a company to convert its accounts receivable (AR) into cash.

Credit management is a complex, multi-faceted career that relies on a host of cross-functional skills. Each day, credit professionals carefully assess unique problems to create solutions that protect their companies from risk without hindering growth. There is no specific path for a budding credit manager, and they can come from a host of different professional backgrounds.  

Expanding on your knowledge of credit management by completing one of NACM and FCIB’s six Professional Certification Programs not only refines the skills you use every day but instills a newfound confidence in even the most experienced credit managers.