According to SCM World research, supply chain leaders view China as the indisputable premier growth opportunity.
At the same time, it was fifth on executives’ list of countries considered too risky to do business in.
So how do you capitalize on these growth opportunities while minimizing risk?
The answer lies in a China Trade Management solution.
China is currently undergoing a transition in its trade policies.
Over 20 years of rapid growth and industrialization have come at a cost in the form of heavily polluted cities, loose regulatory regimes and tolerance of corrupt business practices.
The transition China is currently going through is an attempt to redress these aspects of unfettered growth. China is starting to put speed limits in place in the form of increasingly complex and uncertain trade regulations.
Despite this transition, China is still expected to achieve around 7% growth over the course of the next 12 months. For multinational companies, China is an enormously attractive market opportunity, and one nearly impossible to ignore.
However, the changes in China add a level of uncertainty and risk for companies doing business here. Top risks include complex trade regulations, immature logistics infrastructure, the threat of rapid cost increases and an opaque sub-distribution network.
SCM World conducted a study to determine how companies can capitalize on China growth opportunities and lessen the associated risks.
The resulting report, China Trade Management: Navigating Regulatory Complexity and Change, found that a China Trade Management solution can provide a more strategic platform to manage the complexities of China trade.
Key topics include:
The potential opportunities and risks inherent in China trade
Core capabilities for taking advantage of China growth opportunities