Aerospace & Defence Insights
Most companies agree that their firms would benefit from increasing the pace of globalisation, but a number of challenges are slowing their efforts. These include the expansion of offset requirements, increases in financial risk due to a more international supply chain, different interpretations of business ethics across cultures, the cost and complexity of export control compliance and the potential loss of intellectual property.
Companies that do globalise faster will accelerate improvements in recruiting, efficiency and R&D. They will also gain leading positions in the growth markets of the future, which lie outside of North America and the EU.