rapid changes

How does globalization affect business changes?

Globalization affects business changes by broadening the scope of market opportunities and intensifying competition. Companies now have access to international markets, allowing them to scale rapidly. However, this also means facing competitors from around the world. To remain competitive, businesses must be agile and innovative. They need to understand different cultural nuances and local regulations. Global supply chains also become more complex, requiring efficient supply chain management strategies to mitigate risks and ensure smooth operations.

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