"Doing International Business" Please respond to the following: From the case study and e-Activity, differentiate between the major benefits and potential pitfalls of sourcing from Thailand for Blades after conducting your country risk assessment. Do not hesitate to ask for help.
Source from Thailand to make Blades is a great option because of the large pool of skilled workers, low labor costs and the variety in natural resources available. Also, there are many incentives provided by Thailand’s government. It is easy to source Thailand’s products due to its extensive economic infrastructure, transportation network, and other advantages.
The potential problems with sourcing Thailand include political instability, which can lead to disruption in exports. There are also strict laws about intellectual property rights. There may also be taxes or import regulations that must be considered depending on which product is being purchased. There is also the risk of quality control issues when working with foreign manufacturers. Communication can be difficult.