Discover why the future of globalisation is a business priority and the challenges facing firms.
Over recent months the debate about the future of globalisation, what it means for business and consumers, and how governments should respond, has been in the limelight.
What is globalisation and why does it matter to business?
Globalisation is the free flow of goods, services, people, capital, skills, and ideas around the world.
From a business perspective, globalisation has helped companies reach new customers in new markets around the world, expand their sourcing opportunities and offers a larger selection of goods and services.
Whilst the global growth opportunities are clear to see, globalisation can add complexity and increased risk to your business model, especially to supply chains. Firms often find that expansion often means increased competition, more legal challenges and greater data collection challenges.
Despite these challenges, globalisation can help firms grow and expand the scope of their business globally.
The future of globalisation?
Post-COVID pandemic, companies and countries around the world are alive to the importance of both impo
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