U.S. companies are still attempting to embrace the benefits of globalization, no matter what the political climate.
Pacific Rim leaders have vowed to press on with free-trade negotiations, though they could now have a greater focus on China, rather than the U.S, following Donald Trump's election as president.
For the growing number of U.S. businesses concerned about the safety risks of operating in China, the sudden arrest of one of Australia's highest-ranking casino executives will do little to quell their fears.
China's economic development is at a crossroads, leaving CEOs around the world fearful a recession there could drag their businesses into the red.
No longer simply the world’s factory, China has become a stronger global competitor and is now exporting capital, services and technology to buyers of all kinds in both developed and developing nations.
Chief executives may be forgiven for being confused about what is happening between the U.S. and Chinese governments when it comes to use of the terms "markets" and "reforms." As a recent article in the Wall Street Journal suggests, President Obama's administration is expecting that Chinese President Xi Jinping will make commitments to more market-oriented reforms when he visits Washington this month.
Over the last four decades, Asia has been a primary engine of global economic growth. This trumpets a call to action for all global CEOs: whether your company presently does business in Asia or not, you’d be well served to become culturally in tune with your Asian counterparts. Only then, as prime opportunities come knocking, can you build the most prosperous and profitable business relationships.
By the time direct sales powerhouse Amway decided to expand into China in 1995, the company had an impressive track record at breaking into foreign markets. In fact, 50 percent of its revenues had been coming from overseas sales since the mid-’80s.
7 things to know about rebalancing your offshore vs. onshore sourcing
1. Pick a segment within a fast-growing market sector that still has an unmet need your company can fulfill with a differentiated product or service.