Addressing Market Challenges with Our Solution

 Supply chain management is a critical component of all businesses. Because a global supply chain is highly competitive, companies that establish a global supply chain gain the opportunity to receive supplies and services produced to excellent standards at a very good price. However, establishing a global supply chain does not come without its own set of drawbacks. 

Main Issues: 

• Price negotiation may prove to be tricky 
• Determining a suitable vendor in a foreign country 
• Cultural and language barriers may hamper communication 
• Delivery times may vary depending on the procedures involved 
• Quality control may be difficult to manage at each step of the process 

Many managers today have a problem. They understand the need for their companies to grow, but are unable to satisfy this need for growth given today’s economic environment. Growth seems impossible in an economy where investment capital is difficult to come by and where corporations are reluctant to take unnecessary risks. Given this situation, the challenge faced by most management teams is shifting from a mind-set focused on their unchanging local domestic markets to a mindset focused on booming markets overseas. 

Main Issues: 

• Managers wary of risk involved 
• Limited access to investment capital 
• Inability to create a plan for implementation 
• Need for dedicated employees in the new market 

 Operating on a global scale is now essential for many companies. Management teams are identifying locations with the best talent and resources to set up operations. Establishing a presence in these strategic locations is crucial for growth and expansion beyond local markets. However, many smaller companies lack the resources needed to establish global operations. 

Main Issues:  

• Lack of available resources 
• Limited knowledge of foreign markets 
• High risk in investment 
• Difficulty in setting up facilities