Challenges Faced in Exporting Clothes to Asian Countries
There are various challenges that a manufacturer will face in the event of exporting clothes from the United States to Asian countries. One of the main problems is currency instability since a price agreed upon with a customer on a given day could rise or fall due to changing exchange rates (Weiss, 37). A fall in the exchange rate will automatically lead to a loss for the seller. To mitigate this challenge, the seller should opt to open a foreign currency account in the countries he intends to sell to. He will keep the money from the sales and transfer them to his US account when the currency is stable.
Dealing with High Levels of Competition
Penetrating into the Asian markets is quite challenging due to a high level of competition. Some countries, for example, China, produce clothes and sell them at a lower price in the same market. To compete favorably, he will need to observe total quality control measures in the production of clothes. This ensures that high levels of customer satisfaction are achieved, which, in turn, result in an increased amount of sales generating a high amount of profits in the long run.
Overcoming Cultural Differences
Cultural differences are often overlooked by many investors who eventually suffer losses when they deliver outfits that are culturally unacceptable. Different groups of people have different norms that guide them in their daily living, including how they dress. Despite the presence of Asians in America, one should not assume that they are still adherent to their original culture. To overcome this challenge, the manufacturer should research the culturally acceptable clothes in the markets that he intends to deliver the products.
Work Cited
Weiss, Thomas G. Humanitarian challenges and intervention. Routledge, 2018.
