Exporting Fasteners from the ‘Technology Belt’
Lisa J. KleinhandlerMEDIA SPOTLIGHT — A new public-private partnership is helping at least one fastener company find growth by tapping overseas markets.
The Williamson College of Business Administration at Youngstown State University in Ohio has partnered with the International Trade Assistance Center to help local businesses reach foreign markets, VINDY.COM reports.
While expanding into foreign markets can’t be accomplished quickly — typically the process takes up to two years — the prospects for success are strong.
“Ninety-five percent of available customers are located outside of the United States,” YTAC advisor Mousa Kassis told VINDY.COM. “If the U.S. economy were a 747 jet, then exports would be one of its four engines, and that engine has been leaking for the past 40 years.” (…)
via Exporting Fasteners from the ‘Technology Belt’ – Global Fastener News – USA.