Strategic Expansion into Emerging Markets: Risk Management and Market Entry Strategies for US Food and Beverage Companies
Year: 2024
Type: article
Abstract: In an increasingly globalized economy, US food and beverage companies have significant opportunities to expand into emerging markets. With the rising middle class and changing consumer preferences worldwide, now is an opportune time to ex- tend the footprint beyond domestic borders. This paper explores strategic approaches for entering emerging markets, focusing on risk management and market entry strategies. It emphasizes the importance of thorough market research, localization of products, and learning from successful global players. The discussion includes technical insights into regulatory compliance, supply chain management, and leveraging technological advancements. The paper aims to provide a future-ready guide for companies seeking sustainable growth in the global marketplace. References are included up to October 2023 to ensure contemporary relevance.
Author: Mohan Valluri
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4403619396