Doing business in new markets can feel ‘foreign’ for most organizations.
Uncertainty about the legal or regulatory requirements in a given country, concerns that buyers and suppliers might not meet their obligations or fears that currency movements can reduce profits are just some of the factors that create perceptions that international business is inherently riskier. While these and other international factors merit concern, a good strategy can mitigate many of the financial risks involved in global business. The potentially lucrative new markets available globally as well as the reduced costs and the potential benefits of sourcing goods from other countries also need to factor into decisions about cross-border opportunities.
As with any business risk, part of the solution is having a clear view of potential challenges and having a network of partners to guide you through the options you have to address your specific situation.
With relationship teams and international experts across the U.S. and around the world, we can work with you in your home market as well as other regions to develop a risk mitigation strategy.
- Services to hedge foreign exchange risk, interest rate fluctuations or changes in commodity prices.
- Trade solutions when you are dealing with new buyers or suppliers. Wells Fargo can recommend trade solutions to ensure exporters are paid for their goods and services and importers receive what they have contracted for.
- Access to economic and country reports which can trigger early warnings on potential threats in a given market. In-country teams who are ‘locals’. They know the markets and help you build your network of advisors for a given market, while also connecting you to the right products and services to help you manage the challenges you face.