The Path to global Success
Hardly anything illustrates the importance of globalization as clearly as the development of cross-border trade in goods. An ever-increasing share of the goods produced worldwide is destined for export. According to Statista, the value of global exports increased a whopping 62 times between 1950 and 2020, while only decreasing in eight years. Last year's slump, caused by the Corona pandemic, was not as significant as feared, and the WTO (World Trade Organization) is already forecasting global economic growth of 5.1% again for 2021.
Against this background, foreign involvement is becoming increasingly important not only for large corporations, but also for medium-sized and small companies. Internationalization means much more than simply selling products and services abroad, because supply chains are also becoming more complex and more susceptible to disruption in parallel. It is not only the different trading and language conditions that can make day-to-day business more difficult. Country-specific legal requirements, political regulations, transport and customs regulations, as well as security requirements can require increased use of resources and greater effort for logistics management.
This is why companies need to know and analyze local requirements and compliance specifications in detail in advance of their projects in order to establish themselves successfully in foreign markets. This is where Arvato Supply Chain Solutions can provide effective support: We are familiar with the complex legal situations worldwide and have been supporting our customers in meeting country-specific requirements for many years.