Global Market Research - Finding Supply Opportunities in Global Market Trade - Markets and Offshoring, Financial Feasibility

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• Global Market Research

• Finding Supply Opportunities in global market


trade
• Markets and Offshoring , financial feasibility
Global/International Market Research
Finding supply opportunity in global market

Researching the geographical segments that are


competitive
Finding supply opportunities with the help of global
leaders

•Walmart sets up global sourcing centre in Bengaluru


that sources India-made products for catering to 14
foreign markets. It procures over 95 per cent of the
goods sold in Best Price stores from local companies
•Amazon takes ‘Make in India’ to the world,
bolstered by its Global Selling Programme. It is
empowering sellers from small towns in India by
scaling up their businesses and leveraging the digital
economy
Supply Opportunity by exporting

1. Market Development Assistance Scheme -Entrepreneurs get funding for


participating in trade fairs. It assists exporters for export promotion
activities.

2. Export Oriented Unit (EOU) Scheme - Provides an internationally


competitive duty-free environment coupled with better infrastructural
facilities for export production.

3. Market Access Initiative (MAI) Scheme - Export Promotion Scheme,


envisaged to act as a catalyst to promote India’s exports on a sustained
basis.

4. Software Technology Park (STP) Scheme - 100 per cent export-oriented


scheme for undertaking software development for export using.

5. Services Exports from India Scheme (SEIS)-The SEIS has been introduced to
increase exports of notified services. The duty credit scrips and goods
imported/domestically procured against them shall be freely transferable
Global Market & Offshoring
• It is a natural extension of global resourcing, transfer of worker’s
productivity to abroad as a part of an in-house transfer of work.

• Reallocation of a business process or entire manufacturing


facility to the foreign country.

• MNE’s are particularly active in shifting production facilities or


business processes to foreign countries to enhance their
competitive advantages.

• It is common especially common in the service sector, including


banking, software code writing, legal services and customer-
service activities
• Offshoring is when production operations are
performed in another country. It allows
companies to maintain complete control over
the operation and production of the business.
• Outsourcing relies on an outside vendor to
complete tasks, offshoring relies only on those
within the same company.
Offshoring

Types
1. Product Offshoring
2. IT enabled offshoring
3. Innovation offshoring
Evolution
4. Initially started with blue collar jobs in early 70’s
5. By 80’s white collar job people also moved to other countries
6. Development of internet accelerated R&D and manufacturing
offshoring
Reasons
7. Competitive pressure & access to skilled personals
8. Long term benefit and cost cutting
9. Lack of skilled labour and decrease in age population
Models of Offshoring
Financial Feasibility
Recent trends in global entrepreneurship

Speedy
innovation &
Digitalization

National &
International Virtual
Collaborations

Customer Regional trade


Service focus agreement
Recent
Trends

Ethics Values
A I, ML and IoT
and EQ

Political
change Free Market
towards Economy
democracy

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