You’re faced with increased competition, and the only way to remain competitive is to source RAW MATERIALS and products at lower costs from suppliers overseas. You can’t access products or technologies from domestic suppliers. Identify new products or expand your existing product line as another country can produce a product more efficiently because of available resources.
Extend your product’s life cycle by exporting to markets that are currently not being served. Increase sales and profits as rising income levels in many developing countries are creating opportunities for more people to purchase goods. Take opportunity of your falling currency value by selling overseas.