More than 50 percent of manufacturers plan to enter a new market in the next five years and almost all plan to expand existing sites or open new facilities in countries with existing operations.
Challenge: This global leader in power and automation technologies operates in 100 countries and managed its international trade using a partly decentralized model. However, as the company grew and new trade agreements were ratified, their supply chain became more complex.
The Federal Aviation Administration, behind schedule in finalizing regulations for commercial use of unmanned aerial systems, will be ready by June 17, 2016, according to recent congressional testimony by the agency's deputy administrator.
A lean operation with a brilliant idea - caffeinated club soda - wants to crack the L.A. market during the spring. Sounds like a slam dunk, but they don't want to commit to a long warehouse lease while they're still getting a foothold. Meanwhile, a Christmas-decoration warehouse sits largely empty. It's a classic missed connection - and it’s common.
Firms that employ low-risk innovative initiatives produce valuable returns, while the most adept companies with a more aggressive innovation profile grow more quickly, says a survey by the National Center for the Middle Market (NCMM) and CPA firm Cherry Bekaert LLP.
Consumer demand for more fresh, ready-to-eat products is driving development of new replenishment models based on smaller, more-frequent deliveries, versatile truck drivers and the latest temperature-controlled trailer technology.
Despite increased global efforts to curtail it, corruption remains a significant obstacle to international businesses, according to a survey of 824 companies worldwide.