OPERATING A BUSINESS IN THE GLOBAL ECONOMY has become increasingly difficult over the last few years. With companies operating globally on at least some level, the impact of these challenges is being felt across all industries and involves entities of all sizes. New compliance and regulations, changing consumer demands, rising transportation costs, and the need for good technology and communication can all affect the way goods move around the globe. These impacts can be felt both in mature and developing markets—but the challenges specific to each can vary greatly.
“Business has gone global over recent decades and the globalization of trade and commerce has brought, along with opportunities such as production efficiency, many risks—from environmental to economic and political, ” according to the World Economic Forum. “Yet, making long-term investment decisions in an increasingly more complex and ambiguous environment is not an easy task, as the resilience of any individual business depends heavily on the resilience of its suppliers and purchasers, whose supply chains can span many countries.”