For every company that thrives in a foreign market, probably five companies stumble. The complexities of entering a foreign market can result in many strategic mistakes and missteps. Even businesses that eventually "win" in a geographic region can teeter on the edge for years.
A British senior executive working in China for the global pharmaceutical giant GlaxoSmithKline helped orchestrate a long-running bribery and fraud scheme that involved making secret payments to doctors, hospital staff and government officials to bolster drug sales, Chinese authorities said.
America's trucking companies and railroads quite literally are the lifeblood of this economy; connecting farms to the dinner table, warehouses to stores and American businesses to consumers at home and across the globe. Without the hard work of millions of drivers, train crews and employees all across our industries, this economy would simply stop.
Auto dealers have opposed legislative efforts to require recalled used and rental cars to be immediately repaired, arguing that not all recalls require swift attention.
With protracted federal budget cuts at the Pentagon and NASA on the horizon, aerospace companies across the nation are choosing to combine forces as they vie for fewer dollars and brace for the tough times ahead.
Retailers must put procedures in place to protect the long-term health of their businesses and ensure security concerns are a central part of their omnichannel strategies, according to a new industry report.
A week after a train loaded with crude oil from North Dakota exploded in downtown Lynchburg, Va., dumping 30,000 gallons of oil into the James River, the Department of Transportation announced two moves to try to keep this from happening so frequently. It's doubtful that either will make much of a difference in preventing what's become a major safety hazard in the U.S.
Transnational infrastructure programs, such as cross-border railway networks and electricity distribution systems, can increase regional trade, prosperity, stability and integration. That is part of the rationale of the Priority Action Plan of the Programme for Infrastructure Development in Africa (PIDA PAP), encompassing 51 programs and with an investment need of $68bn up to the year 2020. Such programs face formidable challenges, however.
My previous post covered the difficulty of tracing and ensuring the quality of automotive and aerospace parts. The job is just as tough for consumer packaged goods and food producers.