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	<title>export management Archives - Trade Ready</title>
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	<link>https://tradeready.ca/tag/export-management/</link>
	<description>Blog for International Trade Experts</description>
	<lastBuildDate>Wed, 21 May 2025 19:47:22 +0000</lastBuildDate>
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		<title>CITP Spotlight: Sumit Khanna &#8211; Managing Partner, White Cruz International</title>
		<link>https://tradeready.ca/2025/topics/citp_spotlight/citp-spotlight-sumit-khanna-managing-partner-white-cruz-international/</link>
					<comments>https://tradeready.ca/2025/topics/citp_spotlight/citp-spotlight-sumit-khanna-managing-partner-white-cruz-international/#respond</comments>
		
		<dc:creator><![CDATA[Pamela Hyatt]]></dc:creator>
		<pubDate>Wed, 21 May 2025 19:47:22 +0000</pubDate>
				<category><![CDATA[CITP® |FIBP® Spotlight]]></category>
		<category><![CDATA[CITP Designation]]></category>
		<category><![CDATA[entrepreneur]]></category>
		<category><![CDATA[export management]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Instructor]]></category>
		<category><![CDATA[Latin America]]></category>
		<guid isPermaLink="false">https://test.tradeready.ca/?p=40240</guid>

					<description><![CDATA[<p>When Sumit Khanna first set foot in the world of customer support at Canon India, he couldn’t have predicted the extraordinary global journey that awaited...</p>
<p>The post <a href="https://tradeready.ca/2025/topics/citp_spotlight/citp-spotlight-sumit-khanna-managing-partner-white-cruz-international/">CITP Spotlight: Sumit Khanna &#8211; Managing Partner, White Cruz International</a> appeared first on <a href="https://tradeready.ca">Trade Ready</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="grey_box" style="width:100%;">
<div class="grey_box_content">
Earned his elite CITP®|FIBP® designation: November 2022
</div>
</div>
<p>When Sumit Khanna first set foot in the world of customer support at Canon India, he couldn’t have predicted the extraordinary global journey that awaited him. What started as a modest beginning in New Delhi would eventually take him across more than 30 countries, into boardrooms and classrooms alike.<span id="more-40240"></span></p>
<p>Today, as the Managing Partner of White Cruz International and a respected business instructor in Canada, his story is a testament to the transformative power of international trade—and the value of credentials like the CITP in anchoring that success.</p>
<h2>A global calling takes root</h2>
<p>After his initial stint at Canon India, he chose to pursue a Master&#8217;s in Marketing Management. But it was a decision to learn Spanish at New Delhi’s Spanish Cultural Centre that would significantly alter the course of his career.</p>
<p>“I wanted to enhance my skills and broaden my career horizons,” he says. “Learning Spanish was a stepping stone into international markets.”</p>
<p>That leap came sooner than expected. He joined Eastman Auto &amp; Power Limited as an Account Manager in International Marketing, quickly leveraging his newfound language skills to build trade relationships in Latin America.</p>
<blockquote class="blockquote_end style01" align="left">
<span>
<p class="end-quote"><br />
“It was my first real taste of international business. I got to combine my marketing knowledge with language and culture, and that synergy was electric.”</p>
<p><cite></cite></p>
</span>
</blockquote>
<p>His role took him to countries like Peru, Colombia, Argentina, and Ecuador, managing logistics, brand positioning, and <a href="https://tradeready.ca/explainer/mastering-the-art-of-competitor-analysis-a-comprehensive-guide/">competitive analysis</a>. But more than anything, it was the cultural immersion that lit a fire. “Trying local foods, learning about their history, forming personal bonds—that’s when I knew this was what I wanted to do for the rest of my life.”</p>
<h2>Leading with language and strategy</h2>
<p>To deepen his expertise, he enrolled in an executive Export Management program at the Indian Institute of Foreign Trade (IIFT), India’s premier foreign trade institution. The added credentials opened doors. He soon joined Groz Tools, where he rose to become Head of Latin America Business.</p>
<p>In this role, his leadership helped transform Groz into one of the most trusted hand tool brands in Latin America, Spain, and Israel, driving millions in exports.</p>
<blockquote class="blockquote_end style01" align="left">
<span>
<p class="end-quote"><br />
“We built the brand from the ground up in those regions. It was intense travel, market research, negotiations, and above all—relationship building.”</p>
<p><cite></cite></p>
</span>
</blockquote>
<p>It wasn’t all smooth sailing. When he chose to enter Israel, he had to <a href="https://tradeready.ca/2019/topics/market-entry-strategies/need-a-global-market-entry-strategy-ask-these-12-questions/">learn a completely new market</a> from scratch. “I studied the region for months before stepping in. It was a challenge, but that’s what made it rewarding. We eventually established a strong distributor network there.”</p>
<p>His success in this role marked him as one of the youngest and most successful export managers in the Indian manufacturing industry. He was soon tapped by a publicly listed manufacturer as Export Head, managing exports of home and automotive lighting products under the &#8220;Halonix&#8221; and &#8220;Phoenix&#8221; brands. The company’s subsidiaries in Germany and Luxembourg gave him access to key European markets, while he also managed operations across SAARC nations, the Middle East, and South Korea.</p>
<h2>Building bridges across borders</h2>
<p>Throughout his career, he has made business travel into a true form of cultural diplomacy. “Being one of the first Indian executives traveling to far-off Latin American markets drew a lot of attention. Buyers were curious about India, our food, our films. I got to answer questions about Bollywood in Spanish!”</p>
<p>Those moments of cultural exchange were more than charming anecdotes, they were the foundation to valuable <a href="https://tradeready.ca/explainer/building-relationships-in-small-markets/">business relationships</a>.</p>
<blockquote class="blockquote_end style01" align="left">
<span>
<p class="end-quote"><br />
“Trust is everything in international trade. And trust grows when people see that you respect their culture and are willing to learn from it.”</p>
<p><cite></cite></p>
</span>
</blockquote>
<p>His travels also gave him memories to last a lifetime. From standing at the equator line in Ecuador to visiting the underground salt cathedral in Colombia. He recalls viewing the powerful Cataratas Falls in Brazil and hiking Machu Picchu in Peru. Each of these unique experiences helped shape a worldview grounded in empathy, adaptability, and curiosity.</p>
<h2>Stepping into entrepreneurship and education</h2>
<figure id="attachment_40247" aria-describedby="caption-attachment-40247" style="width: 800px" class="wp-caption alignleft"><img fetchpriority="high" decoding="async" class="wp-image-40247 size-full" src="https://tradeready.ca/wp-content/uploads/2025/05/Sumit-Khanna-with-Students-at-Mohawk-College-Mississauaga-Campus-in-Canada.jpg" alt="Sumit Khanna, with his students at Mohawk College in Mississauga, Canada" width="800" height="496" srcset="https://tradeready.ca/wp-content/uploads/2025/05/Sumit-Khanna-with-Students-at-Mohawk-College-Mississauaga-Campus-in-Canada.jpg 800w, https://tradeready.ca/wp-content/uploads/2025/05/Sumit-Khanna-with-Students-at-Mohawk-College-Mississauaga-Campus-in-Canada-300x186.jpg 300w, https://tradeready.ca/wp-content/uploads/2025/05/Sumit-Khanna-with-Students-at-Mohawk-College-Mississauaga-Campus-in-Canada-768x476.jpg 768w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 61vw, (max-width: 1362px) 45vw, 600px" /><figcaption id="caption-attachment-40247" class="wp-caption-text">Sumit Khanna, with his students at Mohawk College in Mississauga, Canada</figcaption></figure>
<p>With more than a decade of international experience under his belt, he made the leap to entrepreneurship. In India, he founded White Cruz International, an export consultancy and indenting agency representing major brands across the automotive, construction, hardware, and steel industries.</p>
<p>His story took a new turn in 2022, when he moved to Canada and transitioned into academia. Today, he teaches Global Business Management at Trios-Mohawk College and serves as sessional faculty at Trebas-Fleming College in Toronto.</p>
<blockquote class="blockquote_end style01" align="left">
<span>
<p class="end-quote"><br />
“Teaching has given me the opportunity to give back—to share everything I’ve learned in real-world trade with students who are about to start their global journeys.”</p>
<p><cite></cite></p>
</span>
</blockquote>
<p>His influence extends beyond the classroom. He’s spoken at colleges across Brazil, Mexico, and India, and recently contributed as an international trade consultant &amp; Spanish language expert for Latincouver, a Vancouver-based non-profit that promotes trade between British Columbia and Latin America.</p>
<p>“It’s one thing to do the work yourself,” he explains. “But when you can help prepare the next generation to succeed in global trade—that’s real impact.”</p>
<p><a href="https://fittfortrade.com/certification"><img decoding="async" class="alignleft size-full wp-image-39974" src="https://tradeready.ca/wp-content/uploads/2024/11/FITTtradeReadyBannersCITP.png" alt="CITP banner, business woman on a call" width="1500" height="535" srcset="https://tradeready.ca/wp-content/uploads/2024/11/FITTtradeReadyBannersCITP.png 1500w, https://tradeready.ca/wp-content/uploads/2024/11/FITTtradeReadyBannersCITP-300x107.png 300w, https://tradeready.ca/wp-content/uploads/2024/11/FITTtradeReadyBannersCITP-1024x365.png 1024w, https://tradeready.ca/wp-content/uploads/2024/11/FITTtradeReadyBannersCITP-768x274.png 768w, https://tradeready.ca/wp-content/uploads/2024/11/FITTtradeReadyBannersCITP-1200x428.png 1200w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px" /></a></p>
<h2>Recognition, validation, and a future-ready credential</h2>
<p>Despite his many accomplishments, he knew that credibility in Canada’s competitive business environment required more than just experience. That’s why he set his sights on the <a href="https://fittfortrade.com/certification">CITP designation</a>. “I wanted something that would solidify my expertise and signal my commitment to the field—not just locally, but globally.”</p>
<p>He earned the CITP through the executive path in 2022, and he describes the moment as deeply personal. “My happiness knew no bounds. It felt like everything I had worked for. Fifteen years of dedication to international trade had come full circle.”</p>
<p>Beyond validation, the CITP designation has offered practical benefits. “It enhances my credibility in Canada and has already opened new doors. It shows clients and colleagues alike that I meet the highest standards in global trade.”</p>
<h2>A look ahead</h2>
<p>Looking forward, he sees the CITP playing a pivotal role in his evolving career. Whether it’s leading business development, growing his consultancy, or continuing to teach and mentor, the designation serves as both a foundation and a launchpad.</p>
<blockquote class="blockquote_end style01" align="left">
<span>
<p class="end-quote"><br />
“International trade is constantly changing—new markets, new risks, new technologies. The CITP isn’t just a badge; it’s a reminder to keep learning, stay current, and always operate with integrity.”</p>
<p><cite></cite></p>
</span>
</blockquote>
<p>His advice for newcomers to the field? Patience and preparation. “Don’t expect quick wins. Learn the culture. Do your homework. The relationships you build—those are what carry you through.”</p>
<p>It’s fitting advice from someone who has built a career by crisscrossing the globe, one relationship at a time. From the bustling markets of Latin America to the lecture halls of Toronto, from brand-building in Israel to volunteering in British Columbia, his journey proves that international trade is more than a business. It&#8217;s a way of life.</p>
<p>And with his CITP designation in hand, he’s not just looking back at what he’s accomplished, he’s looking ahead to the next great frontier in global commerce.</p>
<p><span data-preserver-spaces="true"><div class="grey_box" style="width:100%;">
<div class="grey_box_content">
</span><strong><span data-preserver-spaces="true">Want to connect with Sumit?</span></strong><br />
<span data-preserver-spaces="true">LinkedIn:  <a href="https://www.linkedin.com/in/sumit-khanna-51b60b19/">Sumit Khanna </a></span><span data-preserver-spaces="true">
</div>
</div></span></p>
<p>The post <a href="https://tradeready.ca/2025/topics/citp_spotlight/citp-spotlight-sumit-khanna-managing-partner-white-cruz-international/">CITP Spotlight: Sumit Khanna &#8211; Managing Partner, White Cruz International</a> appeared first on <a href="https://tradeready.ca">Trade Ready</a>.</p>
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		<title>4 of the biggest challenges export managers face today</title>
		<link>https://tradeready.ca/2016/topics/import-export-trade-management/4-biggest-challenges-export-managers-face-today/</link>
					<comments>https://tradeready.ca/2016/topics/import-export-trade-management/4-biggest-challenges-export-managers-face-today/#respond</comments>
		
		<dc:creator><![CDATA[Pamela Hyatt]]></dc:creator>
		<pubDate>Fri, 12 Aug 2016 13:45:15 +0000</pubDate>
				<category><![CDATA[FITTskills Refresher]]></category>
		<category><![CDATA[Import Export Trade Management]]></category>
		<category><![CDATA[business ethics]]></category>
		<category><![CDATA[capital markets]]></category>
		<category><![CDATA[export management]]></category>
		<category><![CDATA[global trade management]]></category>
		<category><![CDATA[management]]></category>
		<category><![CDATA[sustainability]]></category>
		<category><![CDATA[transportation costs]]></category>
		<guid isPermaLink="false">http://test.tradeready.ca/?p=20905</guid>

					<description><![CDATA[<p>Technological, economic and political changes have created a new, increasingly integrated, rapidly changing and highly competitive international environment. Such conditions require diverse and adaptable skills from those who manage exports and imports at today’s firms.</p>
<p>The post <a href="https://tradeready.ca/2016/topics/import-export-trade-management/4-biggest-challenges-export-managers-face-today/">4 of the biggest challenges export managers face today</a> appeared first on <a href="https://tradeready.ca">Trade Ready</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" class="aligncenter size-full wp-image-20921" src="https://tradeready.ca/wp-content/uploads/2016/08/4-of-the-biggest-challenges-export-managers-face-today.jpg" alt="4 of the biggest challenges export managers face today" width="1000" height="806" srcset="https://tradeready.ca/wp-content/uploads/2016/08/4-of-the-biggest-challenges-export-managers-face-today.jpg 1000w, https://tradeready.ca/wp-content/uploads/2016/08/4-of-the-biggest-challenges-export-managers-face-today-300x242.jpg 300w, https://tradeready.ca/wp-content/uploads/2016/08/4-of-the-biggest-challenges-export-managers-face-today-768x619.jpg 768w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px" /></p>
<p>Technological, economic and political changes have created a new, increasingly integrated, rapidly changing and highly competitive international environment. Such conditions require diverse and adaptable skills from those who manage exports and imports at today’s firms.</p>
<h3>1. Environmental concerns</h3>
<p>The rapid economic development of the <a href="https://tradeready.ca/2015/trade-takeaways/four-ways-international-trade-changed-one-hundred-years/">past century</a> has imposed significant pressures on the environment. The result has been a backlash against irresponsible environmental practices, the imposition of stricter regulation, a preference for environmentally friendly products and a general insistence on <a href="https://tradeready.ca/2015/trade-takeaways/profit-people-planet-sustainability-company-triple-bottom-line-covered/">sustainable solutions</a>.</p>
<p>The groundswell of concern is now so significant in many parts of the world that managers ignore it at their peril. The following are but a few examples of how environmental issues now affect the decisions managers make.</p>
<ul>
<li>When entering a market, managers must be sure that not only their products, but also all corporate practices, conform to local environmental regulations.</li>
</ul>
<ul>
<li>When negotiating mergers or acquisitions, managers must ensure that no hidden environmental liabilities could arise because of the deal.</li>
</ul>
<ul>
<li>In positioning their company, managers increasingly stress those aspects that are environmentally friendly and sustainable.</li>
</ul>
<ul>
<li>Instead of waiting for and then resisting requests for improvements to their environmental practices, managers are making such changes proactively.</li>
</ul>
<ul>
<li>There is a great interest in the deployment of technologies that can improve efficiency and reduce waste.</li>
</ul>
<p>In these as in many other areas, sensitivity to environmental concerns can deflect much of criticism levelled at corporations while making the manager’s job easier.</p>
<p>Given that environmental concerns essentially reflect a holistic and long-term perspective on human use of the planet’s resources, it is far better to anticipate and proactively address concerns in this area than to expend time and energy in a drawn out rearguard action against the inevitable.</p>
<h3>2. Business ethics</h3>
<p>The emergence of a global economy has been accompanied by international emphasis on appropriate standards of conduct and <a href="https://tradeready.ca/2015/global_trade_tales/ethical-conduct-in-international-business-unfashionable-notion-imperative/">ethical business practices</a>. This is reflected in campaigns such as that of Transparency International. The same cause has also been taken up by institutions such as the United Nations and the World Bank.</p>
<blockquote class="blockquote_end style01" align="left">
<span>
<p class="end-quote">Unfortunately, practices in many countries have not caught up with international norms and bribery remains a way of life. This can present the international manager with a choice between refusing a bribe and losing the business, or paying a bribe and risking exposure or even legal action.</p>
<p><cite></cite></p>
</span>
</blockquote>
<p>In the past, this issue was generally addressed with some general phrases about there being no easy answers. Such ambiguity, however, may no longer be possible. One consequence of both <a href="https://tradeready.ca/2015/trade-takeaways/canadas-leading-way-compliance-anti-corruption-sticks-carrots/">anti-corruption campaigns</a> and concerns about international terrorism has been an increase in regulatory oversight, security arrangements, monitoring and reporting.</p>
<p>As governments become more vigilant about what is going on within their borders, they are also in a stronger position to detect and move against illegal or questionable activities. Given this new environment, the most prudent course for managers is to understand and adhere to the laws of the countries where they operate.</p>
<h3>3. Capital markets</h3>
<p>Around the end of 2007 and beginning of 2008, world capital markets were shaken by the fallout from the sub-prime mortgage crisis in the United States. Over a period of several months, major financial institutions were shaken, governments intervened with emergency funds and hundreds of billions of assets disappeared from the books of banks and investment houses.</p>
<p>The crisis seems to have stabilized, though concerns about recession continue, particularly in the UK and EU following the turmoil of the Brexit. What is clear, however, is the extent to which globalization has created a highly interconnected financial network spanning the globe. A disturbance in any part of that network will quickly be transmitted to the whole. In the short term, there is likely to be less capital available for new investments. Over the longer term, there may be new forms of regulation and oversight to ensure that questionable initiatives, such as the repackaging of sub-prime mortgages as asset backed commercial paper (ABCP), do not spin out of control and threaten global capital markets.</p>
<p>In all of this, the manager must remain ever vigilant of how his operations and his plans can be affected by distant events. One of the effects of globalization is that we are all in this together.<strong> </strong></p>
<h3>4. Fluctuating costs</h3>
<p>At the same time that capital markets experienced a convulsive shock, key commodities experienced steep price rises. This affected food prices, leading to riots in various parts of the world, as well as rises in commodity prices and fuel prices.</p>
<p>It is easy to see the potential impact of such rises on the global economy. Indeed, much of what has been described as globalization is the consequence of low transportation costs. If such costs rise or lower significantly, many of the assumptions that managers have made about issues such as logistics and distribution may have to be revised.</p>
<p>To take one example, companies located their production <a href="https://tradeready.ca/2014/trade-takeaways/pros-cons-outsourcing-your-manufacturing-international-business/">off-shore</a> because the relatively low additional cost of transportation was more than offset by savings in labour costs. Should transportation costs rise beyond a certain threshold, managers may find themselves recalculating their assumptions and revising their strategic choices, which we are <a href="https://tradeready.ca/2016/topics/supply-chain-management/reshoring-still-important-trend-manufacturing/">already seeing in some cases</a>.</p>
<p>Certainly higher fuel costs mean higher prices throughout the global economy. But there are other reasons for price fluctuations. The entry of the Chinese and Indians into world markets has meant significant additional demand for the raw materials and resources required for a developed and expanding economy. Similarly, the addition of hundreds of millions of new consumers has increased demand for everything from basic foodstuffs to cars and appliances.<br />
<blockquote class="blockquote_end style01" align="left">
<span>
<p class="end-quote">It may very well be that we are seeing the end of the era of plenty enjoyed by the developed economies since the end of the Second World War.</p>
<p><cite></cite></p>
</span>
</blockquote></p>
<p>The world may be entering a period of relative scarcity in which managers will face intensified competition for the inputs and resources they need to operate their businesses. Prices will rise and relative costs will have to be recalculated.</p>
<p>In such an environment, there will certainly be an emphasis on information technologies which keep falling in cost, to offset at least some of the rising costs in other parts of the economy. For example, as business travel becomes more expensive, companies may make greater use of videoconferencing.</p>
<p>In addition, managers will pursue ever higher levels of knowledge intensity to offset the higher costs of physical inputs, such as raw materials.</p>
<p>The real message for managers is that nothing can be taken for granted. Recent turmoil in both capital markets and oil prices demonstrate just how interdependent the global economy has become and how vulnerable companies are to distant events over which they have no control.</p>
<p>One of the key tasks of a manager is to develop a strategic vision and then a plan for how to achieve it. The lessons of globalization, however, are that managers exist within a volatile environment in which even the best laid plans have to be characterized by flexibility and accompanied by an effective set of mitigating contingencies.</p>
<p style="text-align: center;"><div class="grey_box" style="width:100%;">
<div class="grey_box_content">
 This content is an excerpt from the FITTskills <a href="https://fittfortrade.com/international-trade-management">International Trade Management</a> textbook. Enhance your knowledge and credibility with the leading international trade training and certification experts.</p>
<p style="text-align: center;"><a id="uibtn10" target="_blank" href="https://fittfortrade.com/fittskills-online-courses">Apply now</a><script>jQuery(document).ready(function($){init_ui_button_with_icon({'sel':'#uibtn10','href':'https://fittfortrade.com/fittskills-online-courses','icon':'ui-icon-check'});});</script>
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<p>The post <a href="https://tradeready.ca/2016/topics/import-export-trade-management/4-biggest-challenges-export-managers-face-today/">4 of the biggest challenges export managers face today</a> appeared first on <a href="https://tradeready.ca">Trade Ready</a>.</p>
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		<title>Ignoring international business competition is no longer an option for SMEs</title>
		<link>https://tradeready.ca/2015/fittskills-refresher/ignoring-international-business-competition/</link>
					<comments>https://tradeready.ca/2015/fittskills-refresher/ignoring-international-business-competition/#respond</comments>
		
		<dc:creator><![CDATA[FITT Team]]></dc:creator>
		<pubDate>Fri, 20 Feb 2015 15:19:23 +0000</pubDate>
				<category><![CDATA[FITTskills Refresher]]></category>
		<category><![CDATA[Import Export Trade Management]]></category>
		<category><![CDATA[export management]]></category>
		<category><![CDATA[FITTskills]]></category>
		<category><![CDATA[global marketplace]]></category>
		<category><![CDATA[international business competition]]></category>
		<category><![CDATA[international markets]]></category>
		<category><![CDATA[International Trade Management]]></category>
		<category><![CDATA[SMEs]]></category>
		<category><![CDATA[think globally]]></category>
		<guid isPermaLink="false">http://test.tradeready.ca/?p=11770</guid>

					<description><![CDATA[<p>In the past, smaller firms tended to focus on local and domestic markets. Moreover, when protectionism was rampant, smaller firms tended to be insulated from international markets. Distances, unique cultural characteristics, politics, tariffs and regulations all combined to protect them from international business competition.</p>
<p>The post <a href="https://tradeready.ca/2015/fittskills-refresher/ignoring-international-business-competition/">Ignoring international business competition is no longer an option for SMEs</a> appeared first on <a href="https://tradeready.ca">Trade Ready</a>.</p>
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										<content:encoded><![CDATA[<p><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-11798" src="https://tradeready.ca/Blog/wp-content/uploads/2015/02/international-business-competition.jpg" alt="international business competition" width="1000" height="824" srcset="https://tradeready.ca/wp-content/uploads/2015/02/international-business-competition.jpg 1000w, https://tradeready.ca/wp-content/uploads/2015/02/international-business-competition-300x247.jpg 300w" sizes="auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px" />International trade has traditionally been seen as the domain of large and powerful corporations.<span id="more-11770"></span></p>
<p>In the past, smaller firms tended to focus on local and domestic markets. Moreover, when <a title="Are countries using trade protectionism to safeguard their economies or as political ammunition?" href="https://tradeready.ca/2014/trade-takeaways/countries-using-trade-protectionism-safeguard-economies-political-ammunition/">protectionism</a> was rampant, smaller firms tended to be insulated from international markets. Distances, unique cultural characteristics, politics, tariffs and regulations all combined to protect them from international business competition.</p>
<p>With the emergence of the global economy, little of this traditional business environment remains.</p>
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<p class="end-quote">As distance has been overcome and barriers have been overturned, smaller firms are now exposed to the full force of <a title="Using quality and price to distinguish your products in the noisy global marketplace" href="https://tradeready.ca/2014/trade-takeaways/quality-price-distinguish-your-products-noisy-global-marketplace/">global competition</a>, even if they don&#8217;t venture beyond their country’s borders.</p>
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<p>The managers of a small retail store on Main Street cannot afford to ignore the international economy once Walmart comes to town.</p>
<p>Like it or not, the global <a title="The global village is waiting for your products. How ready are you?" href="https://tradeready.ca/2014/trade-takeaways/global-village-waiting-products-across-international-borders/">marketplace</a> is coming to them: international corporations are now present in their markets and international economic trends are reshaping their environment.</p>
<h2>A more open global marketplace can be a positive for SMEs</h2>
<p>Challenges understood in the right way are also opportunities. The same factors that are exposing the local environment to competition are also opening up new possibilities elsewhere.</p>
<p>As barriers come down worldwide, smaller companies will find it easier to access new markets.</p>
<p>This, in turn, may make it easier for those firms to develop economies of scale and grow into larger operations.</p>
<div class="toggle-box"><h3 class="toggle-title sws_toggle1">Is the FITTskills program for you?</h3><div class="toggle-content"></p>
<p>Developed by business for business, FITTskills meets the needs of those who are</p>
<ul>
<li>seeking to enhance their import-export career standing,</li>
<li>new to exporting or importing,</li>
<li>and those who simply want add to their expertise or gain valuable educational credits.</li>
</ul>
<p><a title="FITTskills International Business Training" href="https://www.fittfortrade.com/fittskills-online-courses">Learn More about FITTskills</a> </div></div>
<p>There are a variety of options available to smaller firms to help them enter foreign markets. For example, the Internet makes it possible for even small enterprises to market internationally. A couple of obvious examples of this include <a title="eBay" href="https://www.ebay.ca/">eBay</a> and <a title="Etsy" href="https://www.etsy.com">Etsy</a>, which enable even individual sellers to reach a global audience.</p>
<p>Export trading companies and export management companies can handle many or even all of the functions associated with selling internationally. Foreign agents or distributors are also available to deliver the goods to foreign markets.</p>
<p>Even the presence of foreign corporations on their home turf opens up opportunities. Small domestic firms can look to these international corporations for new partnerships and new business. They can access technology or capital from them, provide them with goods and services, or partner with them for new ventures at home and abroad.</p>
<p><strong><em>Want to dive deeper into the regulations and requirements for selling in international markets? Check out the FITTskills <a href="https://fittfortrade.com/products-services-global-market">Products &amp; Services for a Global Market online course.</a></em></strong></p>
<p><a href="https://fittfortrade.com/products-services-global-market"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-37552" src="https://tradeready.ca/wp-content/uploads/2013/05/FITTtradeReadyBannersCourse4.png" alt="Products &amp; Services for a Global Market" width="1500" height="535" srcset="https://tradeready.ca/wp-content/uploads/2013/05/FITTtradeReadyBannersCourse4.png 1500w, https://tradeready.ca/wp-content/uploads/2013/05/FITTtradeReadyBannersCourse4-300x107.png 300w, https://tradeready.ca/wp-content/uploads/2013/05/FITTtradeReadyBannersCourse4-1024x365.png 1024w, https://tradeready.ca/wp-content/uploads/2013/05/FITTtradeReadyBannersCourse4-768x274.png 768w, https://tradeready.ca/wp-content/uploads/2013/05/FITTtradeReadyBannersCourse4-1200x428.png 1200w" sizes="auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px" /></a></p>
<h2>You have to put in the work to reap the rewards of global business</h2>
<p>The presence of opportunities, however, is not synonymous with the achievement of success.</p>
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<p class="end-quote">There are <a title="Five challenges you’ll need to overcome to succeed in international business" href="https://tradeready.ca/2014/trade-takeaways/five-challenges-to-succeed-in-international-business/">many obstacles</a> and difficulties that smaller firms must overcome if they&#8217;re to compete effectively in the new global environment.</p>
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<p>Perhaps the most basic is simply developing a clear understanding of what is going on, how it will affect the firm and what options are available in response.</p>
<p>Beyond understanding, however, smaller firms should be under no illusions about the large <a title="5 Stages of international market development" href="https://tradeready.ca/2015/fittskills-refresher/5-stages-international-market-development/">commitment of time</a> and resources required to <a title="9 reasons why you should spend more time doing international trade research" href="https://tradeready.ca/2014/fittskills-refresher/9-reasons-spend-time-international-trade-research/">research</a> and penetrate foreign markets. They will need to develop a whole new set of skills and capabilities just to operate in an international context. And they will need a source of capital to sustain them while they prepare and position themselves as international traders.</p>
<p>Even if they restrict their activities to <a title="6 Reasons for forming strategic global business alliances" href="https://tradeready.ca/2014/fittskills-refresher/8-reasons-forming-strategic-global-business-alliances/">local partnering</a> with international firms, they will still need to understand their partners and what motivates them. They will need to commit time and resources to the partnership. And they will have to remain ever vigilant if they are to protect and maintain the relationship.</p>
<h2>The time to think globally is now!</h2>
<p>It is important to take note of what has ceased being an option.</p>
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<p class="end-quote">Whatever their line of business, smaller firms no longer have the option of ignoring international competition.</p>
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<p>Those who try to walk away from today’s reality will quickly find themselves out of business.</p>
<p><strong>Do you think there are still too many SMEs ignoring their international business competition and their own global potential? What&#8217;s preventing them from taking the next steps?</strong></p>
<div class="grey_box" style="width:100%;">
<div class="grey_box_content">
This article is an excerpt from the <strong>FITTskills Products &amp; Services for a Global Market course</strong>. Build a strong local reputation by meeting customers’ cultural needs and abiding by all legal and regulatory requirements.</p>
<p style="text-align: center;"><a href="https://fittfortrade.com/international-trade-finance">Learn more!</a></p>
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<p>The post <a href="https://tradeready.ca/2015/fittskills-refresher/ignoring-international-business-competition/">Ignoring international business competition is no longer an option for SMEs</a> appeared first on <a href="https://tradeready.ca">Trade Ready</a>.</p>
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