{"id":5826,"date":"2020-03-04T16:05:36","date_gmt":"2020-03-04T23:05:36","guid":{"rendered":"https:\/\/www.englandlogistics.com\/?p=5826"},"modified":"2020-03-05T10:30:00","modified_gmt":"2020-03-05T17:30:00","slug":"top-tips-global-trade-success-changing-world","status":"publish","type":"post","link":"https:\/\/www.englandlogistics.com\/top-tips-global-trade-success-changing-world\/","title":{"rendered":"Top Tips to Global Trade Success in a Changing World – DHL Featured Contributor"},"content":{"rendered":"
Written by Eugene Laney,<\/a> DHL Blog<\/a><\/h5>\n

 <\/p>\n

For U.S. companies trading globally, these are uncertain times. Whether you\u2019re a large exporter, a mid-sized manufacturer, or a growing e-commerce venture that\u2019s quickly building cross-border success, you know the tremendous benefits that international commerce brings to the table\u2014and to your bottom line. But you have also witnessed social, political and economic shifts that can complicate even the best-laid plans. Significant policy changes, new regulations, and the continuous negotiation and re-negotiation of trade deals all create questions, complexity, and a certain degree of unpredictability in the global trade equation.<\/p>\n

What are the biggest issues impacting global trade today, and what do you need to know about them? We go into depth in our recent webinar<\/a>\u00a0where we cover tariffs, U.S.-China trade war, Brexit, USMCA, new market opportunities and more, and below, we\u2019ve outlined some key takeaways and additional insights on the topics discussed.<\/p>\n

 <\/p>\n

Partnerships are Key<\/h2>\n

Especially during these times of international changes, it\u2019s important to work closely with your partners like suppliers, Customs brokers, transportation providers (like DHL) to make sure you\u2019re developing the best risk mitigation strategy. You and all your partners should be aligned with your strategies and they will be able to help guide you throughout.<\/p>\n

 <\/p>\n

Invest in Relationships<\/h2>\n

Leveraging relationships with your local Chambers of Commerce, Export Councils, existing long-term customers and regulatory authorities will not only help you survive in the short-term during these uncertain times but can position you for long-term success. For example, by participating in your local District Export Council (usaexporter.org), you can connect with similar exporting companies in your regions and learn about best practices and new trade trends. And by meeting with your Port\u2019s officials and Customs agents, you can get information on additional exporting trends.<\/p>\n

Additionally, by creating relationships beyond typical first-tier partners like suppliers and distributors overseas, you can cultivate a group of amplifiers and validators for your company. It is critical in this time of risk and vulnerability to have a group of ambassadors that know your company well, especially in markets that can present social-economic and political challenges, so that they can help translate (literally and figurately) messages across to regulators, consumers, potential critics, etc.<\/p>\n

 <\/p>\n

Take the Driver Seat<\/h2>\n

Despite global economic issues that you likely do not have direct control over, you can have a hand in controlling your company\u2019s destiny by developing counter-crises strategies for your business. Understand where the likely vulnerabilities are in your business\u2014what if your sector becomes a topic of a political debate? Build the right infrastructure and countermeasures so that if issues do arise you can seize the opportunity to educate markets and react in a smart, strategic way. Use these obstacles as an opportunity for your company to reinforce the value of your product or services. Start conversations about the importance, long-term, of consistency and quality, tell your story, get out and engage amidst adversity. These types of counter-crises strategies can help companies not just survive during times of turbulence but emerge in a stronger position with reinforced relationships and an elevated brand. This is especially true with small and medium-sized businesses; the ones are willing to get our and engage in a savvy and prepared way are the ones that will succeed during these times.<\/p>\n

 <\/p>\n

Look Long-Term<\/h2>\n

While the current economic climate will likely cause short-term disruption, don\u2019t loose sight of your businesses\u2019 long-term objectives. Don\u2019t overreact to trade issues and swiftly change your strategies completely as it could impact your business in the long-term. We will get past these erratic times, so it\u2019s important to keep your eyes on the future.<\/p>\n

What is your business doing to trade with confidence in uncertain times? Let us know on Twitter\u00a0@DHLUS<\/a>\u00a0and listen to our\u00a0webinar<\/a>\u00a0for additional insights from our experts.<\/p>\n

 <\/p>\n

Source: DHL Blog<\/a><\/p>\n

 <\/p>\n\"DHL\n","protected":false},"excerpt":{"rendered":"

Written by Eugene Laney, DHL Blog   For U.S. companies trading globally, these are uncertain times. Whether you\u2019re a large exporter, a mid-sized manufacturer, or a growing e-commerce venture that\u2019s quickly building cross-border success, you know the tremendous benefits that international commerce brings to the table\u2014and to your bottom line. 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