Why Your Small Business Should Be Working with Danish Suppliers
January 30, 2018
From time to time, surveys discover that Denmark is one of the happiest countries on the planet. Not that we expected anything less from the birthplace of Lego. But aside from happiness, there are a number of reasons why doing business with Denmark is beneficial for your small business. Read on to find out why many US companies choose to import products from Danish suppliers.
1. Superior quality
You can do no wrong with a “Made in Denmark” tag in the US market.
Whether you’re importing Danish furniture, chemicals, processed food, industrial machinery, pharmaceuticals, Legos, or anything else, you can rest assured that your Danish supplier produces excellent quality goods. You can do no wrong with a “Made in Denmark” tag in the US market.
2. Favorable foreign exchange rates
The currency of Denmark is the Danish Krone (DKK). The value of the krone is typically behind the dollar: 1 USD is usually worth between 6-7 DKK. This means that your dollars buy you more in Denmark than at home.
3. Familiar business culture
The overwhelming majority of Danes speak a great level of English. In addition, Danish business culture is quite similar to what we’re used to in the US. Flat hierarchy, direct communication, efficiency and flexibility characterize Danish business culture. Communicating with your Danish supplier will be as easy as talking to your neighbors. Or even easier, depending on your neighbors.
4. Readily available suppliers
Denmark makes it really easy for US importers to find the top Danish suppliers. The Danish Export Association created an online searchable database that lists all Danish businesses active in international trade. All you need to do is enter the product you’re looking for, and the database will let you know all the available Danish suppliers, complete with contact info. Alternatively, you may browse the alphabetic list of key suppliers.
If you need a bit more help, you can turn to the Danish Chamber of Commerce for assistance with finding a supplier, getting in touch and securing a business deal.
You need 7 tools to master international trade. Find out what they are.
5. Strategic location
Located in northern Europe on the shores of the North Sea, Denmark has a strategic location for US imports, especially if you’re based near the East Coast
Located in northern Europe on the shores of the North Sea, Denmark has a strategic location for US imports, especially if you’re based near the East Coast. In fact, many US companies already rely on Danish container shipping services when importing goods from across the Atlantic. With Danish carriers, getting your goods to the US will be fast and easy.
6. Hassle-free international payments
Once you’ve found your supplier and closed the deal, you have to pay for your imports. Why not make your international transfer as fast, easy and efficient as your whole Danish experience? Choose Veem and let us introduce you to hassle-free international payments.
Unlike your bank, Veem doesn’t need middlemen to get your payment to Denmark. This creates a transparent process where both you and your supplier are privy to all vital information about the transaction, including scheduling, amount, and fees. This also means that there are no hidden fees in the process. In addition, your supplier is going to thank you for the very favorable foreign exchange rates Veem offers. Join Veem’s international business network and pay your Danish supplier through us.