In today’s global economic environment, we’re seeing many countries dealing with supply chain challenges that they’ve never dealt with before. Fuel prices are high, the labor market is in flux, there are major gaps in the transportation industry and product delivery is hampering many industries. Manufacturers are also struggling to produce goods rapidly, creating long backlogs. Companies that want to […]
Conducting business internationally has its own intrinsic risks. While many businesses strive to expand into global markets, they don’t consider the risks of doing international business properly. Challenges exist from one market to another and must be properly addressed or risk losing significant capital in the process. Five Risks of Doing International Business 1. Unforeseen Regulatory Risks Regulatory risks are […]
There are 3.29 billion workers worldwide, and many of these employees work internationally. So whether you open an office overseas or work with contractors outside of your home country, you’ll need to know how to pay international employees. This article is more about how to provide payment for services rendered by a foreign person, not which country would be best to […]
Company mergers are fascinating because they bring immense value to customers by reducing the costs of service/product, provide services into new markets, prevent closure of unprofitable businesses, and avoid service/product duplication. Mergers and Acquisitions can provide similar market benefits, but differ in many ways and it’s important to understand the differences and when each is appropriate. In this blog, let’s take […]
Market share in a local region is limited. When businesses stop growing locally and/or domestically, it’s time to consider global expansion. Working alongside an international marketing consulting firm can help, but there are a lot of questions that must first be answered. For example, which markets offer the best opportunities for your business? There are various obstacles in entering a […]
Autonomous Vehicle Technology: Investing in the Future of Transport Autonomous vehicle technology is rapidly advancing, with more solutions coming from companies that aren’t named “Tesla.” Implementation is also expanding. Many companies are testing autonomous technology on passenger cars and even semi-trucks. For example, the following autonomous vehicle milestones have recently been reached: TuSimple’s semi-truck just went 80 miles with no […]