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How Free Trade Boosts U.S. Manufacturing
Our economy is in a time of transition. Leslie Griffin, Senior VP of International Public Policy at UPS discusses global trade policy and how freer trade can boost U.S. manufacturing. With trade agreements bringing down barriers, it makes it easier for companies to locate their manufacturing in the U.S. and instead export into global markets.
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A Passport for Success - Sound Advice on Growing Globally | Reaching Out to Global Markets | Global Sourcing | ||
| Taking a company global sounds great, but once a business decides to do it, the cascade of challenges begins. Customs clearance, industry rules and regulations, and new infrastructures are just a few - especially for mid-size companies. The ones that succeed will be the ones that have done the most homework and found the right partners. » | Not surprisingly, 95% of the world's customer base lives outside the U.S., so having a global presence can be a smart move for future longevity. And emerging markets offer unexpected opportunities for midsize businesses. Finding the right partners is as important as finding the right market. See how companies of all sizes feel about where to expand, the challenges they face, and what the rewards and pitfalls are. » | No business is immune to the challenges of global sourcing. However, companies that focus all their resources on selecting a global sourcing location could find themselves at a financial and strategic disadvantage. There's one critical to take before you consider any sourcing. Read on for... |
