Access to New Cultures
Lower Cost for products
The Spread of Technology and Innovation
Incurring Tariffs and Export Fees
Summary
Paying customs and export fees, which 29% of U.S. and UK IT leaders thought is difficult for their international operations, is another issue they both mentioned in the research. Depending on the industry, shipping things overseas might be expensive for businesses trying to sell their goods abroad.
It takes a lot of ships and containers
to move product abroad which
leads to it costing a lot.
Payroll and Compliance Challenges
Summary
Managing international payroll and staying in line with evolving tax and employment rules is another major challenge for global expansion. If you attempt to manage activities across various markets, the management work becomes considerably more challenging.
Foreign Worker Exploitation
Summary
Although many customers do benefit from lower prices, it also fosters fierce rivalry, which prompts some businesses to look for low-cost labour sources. Some western businesses export their products to nations with lax standards, such China and Malaysia, where it is simpler to abuse workers.
Laws work differently in other countries so
the working conditions could likely be worse.