If you’re looking to tap new investment opportunities, expand your business, and reap greater returns, then we’d recommend you focus in on one particular acronym: BRIC.
BRIC stands for Brazil, Russia, India and China. According to business experts, these four countries are the fastest growing economies, as well as the largest emerging market economies, in the world.
Generally, an emerging market economy or EME is an economy with low to middle per capita income. About 20 percent of the whole world’s economies are categorised as EMEs. Countries that fit this description can be either large or small; the key factor that determines them as such is their creation and implementation of economic development and reform programmes designed to help them become successful players in the global business scene.
Why study these 4 EMEs?
Because EMEs are in the process of transitioning from being closed to open market economies, and are stabilising their local currency to inspire greater confidence in their economic performance, they present ideal investment opportunities to both local and foreign organisations.
So if your company has been seeking possible locations across the globe in which to build a new location or to establish a different revenue source, for instance, it may be worthwhile to consider these specific countries.
Economic analysts predict that the BRIC countries will belong to the top 10 economies in the world by 2020, and that each will demonstrate strength in specific areas. Manufacturing goods is seen as China’s strongest suit, while providing services is India’s. Both Russia and Brazil, on the other hand, are expected to remain unmatched in terms of providing raw materials.
How do you make the connection?
Once you’ve determined that setting up new quarters in, or obtaining new products or services from, the BRIC countries is the logical move for your business, you’ll need to develop solutions for going from point A to point B in the most efficient and productive manner possible. And you can accomplish that by tapping the expertise of topnotch logistics consultants. International business operations rely on seamless transport and logistics solutions to support the success of the supply chain.
What can logistics consultants do for you?
The seasoned professionals over at BiS Henderson Consulting can help you design systems for identifying your functional requirements, selecting global suppliers, testing processes, and effectively transitioning from the old system to the new.
The actual transport solution is another area that your hired consultants can help you with, from optimising and scheduling the routes, designing transport networks, benchmarking and reducing costs, and managing your fleet.
If your concern is manufacturing logistics, the professionals can also create solutions for the raw materials and packaging practices, storage and handling methods, facilities planning and even waste management.
With BiS Henderson Consulting at your side, you can expand your business to any of the promising EMEs and begin reaping the benefits of a well-oiled global supply chain.
