Find what is the risk and opportunities involved in china import export business
Governance, risk and compliance are vital point when it comes to risk and opportunities involved in china import export. It helps to understand all the risks that could be involved in china import export business. Thus compliance programmes help firms like Chinese products in Indian market to measure the practices that are taking place in the infrastructure. Cost reduction and crisis management are also an intrinsic part of operation effectiveness that has been taken up by these Chinese companies so that the best can be brought out in terms of performance.
In today’s time the work force is aging at a very fast pace along with a decrease in the number of students who are opting for higher studies in the field of Chinese products. It has become a matter of concern for companies as each year companies have several lay off. The larger crisis is having lack of senior engineers and managers who can handle operations smoothly thus effecting the business. The strategies that are used to ensure that workers are retained in the these sectors are more crucial than ever as the demand for Chinese products in Indian market has become very high it is essential that production needs to be increased as well. Human resource management plans are being used so that new workers can be attracted towards the industry, emphasis on retaining the old work force is also being made so that the future of the these industries is in safe hands.
Globalisation open doors for china to export these products to India
Global sourcing has become very popular as there is cost reduction and a rise in revenue. Flow in investments has also become possible because of globalisation and both the investing country and the receiving country have benefitted from it immensely. Modern technology has had a significant role to play in these phenomena.
By diving into globalisation these Chinese companies have given work opportunities to people in different sectors all over the world as well. China import export business has had a major impact on the world’s economy as well. It has dealt with issues of growth, giving employment and trading as well. This growth is seen internationally as well as domestically hence both the markets are benefitting because of this networking plan. However this large amount of growth in such a short time span could prove to be unsteady for the world’s economy as the entire world’s economy becomes dependant on it. The recession off late has been responsible for this unprecedented growth.