Manufacturing.net has joined forces with EXIM Bank in offering a collection of videos discussing the most significant obstacles U.S. manufacturers face in growing their exporting business.
Over the last two years, manufacturers have faced a number of supply chain challenges, not the least of which is finding ways to increase their export business. One of these challenges is simply becoming more comfortable with a marketplace that not only represents a new customer base, but also resides in a foreign country with different customs and ways of doing business.
In fact, a survey conducted by EXIM Bank and Manufacturing.net showed that over 40 percent of manufacturers consider a lack of familiarity with foreign operating markets as a leading barrier to increasing exports.
In this video, Industrial Equipment News and Manufacturing.net editors Anna Wells and Jeff Reinke discuss a number of topics related to this dynamic, including:
- Thinking Global but building local.
- IP protection.
- Working with partners with international experience.
- Understanding which markets are the best fit.
- Forecasting in new markets.
- Avoiding the short-term in looking bigger picture to develop strategies.
Additional information on growing your export business can also found via EXIM bank - the official export credit agency of the United States. More information is available at www.exim.gov