The US government is set to hit its borrowing limit on June 5th, but a debt ceiling deal has been reached to prevent defaulting on the $31.4 trillion debt. What are the effects of the US Debt on small businesses, and what measures can they take to reduce potential risks?

From a financial perspective, the first half of 2023 will probably be remembered for the cascade of bank collapses that shook the economy: Silicon Valley Bank, First Republic Bank, and Signature Bank. While federal regulators are working to control the damage, many small to medium-sized businesses that survive from quarter to quarter or even month to month are facing even greater financial uncertainty than the year before.

The future of finance in the B2B landscape in 2023 looks promising with the emergence of innovative technologies. AI is transforming trade finance, while embedded finance is a rapidly growing trend that promises to enhance customer experience and provide cost and risk benefits to companies. The Buy-Now-Pay-Later (BNPL) model for businesses is also gaining popularity, particularly in the B2B sector. Solutions such as BlueX Pay-it-Later are providing SMBs with a powerful tool for enhancing their cash flow and competitive advantage. This can be especially helpful during times of economic volatility.

Small and medium-sized enterprises (SMEs) are at a significant disadvantage when facing the logistics challenges of 2022. As SMEs become increasingly dependent on international trade, they in turn become far more vulnerable to disruptions in the current global freight environment. The rise in trade volatility is requiring SMEs to figure out how to adapt.

The use of AI in trade finance has the potential to revolutionize the industry, especially the AI GPT models. By automating many of the processes involved in trade finance, businesses can reduce costs and improve efficiency. As AI technology continues to develop, we can expect to see even more innovative solutions emerge in several aspects.