Most companies have some type of global footprint through their sales or supply chain initiatives. Constantly changing global economics makes strategic planning a challenge for senior leadership. As a result of these changing economics, companies should be revisiting their global initiatives with a special focus on their supply chain and in-country performance.
Group50 has developed significant experience and knowledge in global business. We have operating experience in over 25 countries and client projects in several at any given time. Our global business management consultants speak 10+ languages including Mandarin and Spanish. We also have bi-lingual consultants in Hong Kong.Click here to listen to an interview with Jim Gitney, Group50 CEO on Global Initiatives
Global Initiatives benefit
Today, companies are faced with many challenges and our expertise can be of significant benefit in these following areas:
Identifying the most cost effective supply chain footprint
Companies have become very good at outsourcing their production and materials requirements to China and other low cost regions. That worked well for many years when the cost differential was 40+% more favorable in these regions than in the United States and other developed countries. Our recent study on the cost effectiveness of 89 countries indicates that those conditions no longer exist when looking at the total cost of ownership [Call us to find out more about our proprietary cost of ownership model]. Our study further indicates that in the near term, Mexico will be at parity with China and the United States will be close in some areas. You can learn more here: Onshoring
Establishing a business presence in the United States The United States represents 1/3 of the world’s GDP, yet only a small percentage of global companies have formally established a business presence in the United States. Group50’s multi-lingual experts provide foreign companies with a practical approach to assessing the market opportunity, developing a multi-year strategic plan and implementing it. You can read more here: Expansion into the United States
Significantly improving existing US operations Managing business operations in foreign countries are always a challenge. There are significant differences in culture, operating capability, rules and regulations, customers, competitors, etc. At Group50, we know how to do business in the US. We understand all of the challenges and have created a series of assessments and programs for maximizing business effectiveness in the US. You can read more about our services here: Optimizing existing foreign operations.