A Korean tire manufacturer had established business relations with an Italian wholesaler.
In the last delivery, the containers were still in the landing port and the seller had no news from the buyer.
WayOut Strategy had been entrusted to find a solution to this problem.
After the necessary inquiries it was learned that, while the goods were traveling to Italy, the wholesaler was declared bankrupt.
WayOut Strategy informed its client by sending appropriate probative documentation.
WayOut Strategy proposed the client a strategy to relocate the goods to a third buyer before it was declared abandoned.
A deal was negotiated with the port authority in Italy in order to compensate for the storage costs.
In the meantime, a new buyer has been identified that has decided to buy all the goods, allowing the manufacturer to complete the operation avoiding significant economic losses.