Using the global value chain as a selling tool is a new phenomenon. Listing can also help you uncover a competitive advantage over rival businesses, boosting company profits and enticing new customers. Global Trade accounted for 54% to 60% of all worldwide sales in the last few years. So you can benefit from global sales.
You want your global prospects and customers to know your product exists and to comprehensively understand the value it brings them, but how does one do this both affordably and efficiently?
The facts are undeniable that when companies expand their uses of GVC (and their companion tools), it often allows them to utilize their own country’s advantages such as low cost labor. To allow this advantage to take on a bigger role, companies need to sell in high cost labor regions or more advanced nations, where labor costs are considerably higher. However, there are very few tools for the mid-sized to small companies to do this.
That is why we encourage companies to join global platforms such as Shop The Globe. StG markets all listed products by utilizing many phenomenal global enhancements such as the undeniable leverage of promoting into every important global language. Then they provide extensive digital services that aggressively present the products in entire categories, markets and countries. They also utilize every leading currency helping to blaze unlimited growth opportunities.
They appear already to be the preeminent global leader, helping to foster a new, open global network effect, selling worldwide solutions.
Once a product gains a market beachhead selling in the advanced markets, where labor costs are much higher, capital expansion and increased production often become easily justifiable based on Return on Investment (ROI). Capital expansion leads to job increases and reduced poverty.
Many studies claim the best and most successful way for a country to economically expand is for their companies to move aggressively and increase their export growth by adopting the Global Value Chain (GVC).
It is time that businesses understand the recently published research that shows using Global Value Chains has proven time and again to be one of the best ways to raise a country’s middle class incomes; an increase in global manufacturing improves the quality of lives.
Possibly the best way to improve the economy is providing a truly global value chain-– one example is ShopTheGlobe— as GVC raises incomes while reducing poverty.