course hero what do manufacturers of household appliances need to be aware of in foreign markets?

by Evelyn Mills 3 min read

What should you consider when choosing foreign manufacturing?

Other things to consider when choosing foreign manufacturing: Some countries have implemented incentives to attract foreign business, such as minimal taxes and fewer regulations or red tape. This allows you to start your operation quickly and scale the business as needed.

Why buy from a domestic manufacturer?

If there are any issues, you can meet with manufacturers in person, and track your product closely at each stage. Using a domestic manufacturer allows you to claim the "Made in the US" stamp, a selling point and marketing tool in itself.

What are the pros and cons of using a domestic manufacturer?

If there are any issues, you can meet with manufacturers in person, and track your product closely at each stage. Using a domestic manufacturer allows you to claim the "Made in the US" stamp, a selling point and marketing tool in itself. The flip side to domestic sourcing is mostly associated with cost.

Why do we need domestic sources?

If you have a specialized product that's in high demand and needs to be delivered reliably on a schedule, domestic sources are probably the best choice for you. The United States has manufacturing and labor standards, ensuring a higher quality work environment for employees and other guarantees to help consumers feel good about purchasing the product itself. Domestic manufacturing can help your brand avoid a public relations disaster, such as an exposé on the poor working conditions that accompany your product. Being physically closer may also offer you deeper insights into the quality control and supply chain elements of your business.

Why is domestic manufacturing important?

Domestic manufacturing can help your brand avoid a public relations disaster, such as an exposé on the poor working conditions that accompany your product. Being physically closer may also offer you deeper insights into the quality control and supply chain elements of your business.

What makes the most business sense?

There is no right answer for all companies or all products. What makes the most business sense is dependent on your unique needs and your company goals. Do you sell a product which isn’t time-sensitive, or do you sell a highly-specialized product which has to be produced on a reliable timetable?

What is the flip side of domestic sourcing?

The flip side to domestic sourcing is mostly associated with cost. Labor laws in the United States (which enforce a minimum wage, restrict the hours that children under age 16 can work, and much more) require higher wages and better facilities than other countries.

What are the incentives for foreign business?

Some countries have implemented incentives to attract foreign business, such as minimal taxes and fewer regulations or red tape. This allows you to start your operation quickly and scale the business as needed.

Do domestic manufacturers have to protect intellectual property?

Domestic manufacturers must maintain strict intellectual property right protections, making it more difficult for your product to be covertly copied and mass produced.

Can you meet with manufacturers in person?

If there are any issues, you can meet with manufacturers in person, and track your product closely at each stage.