Learn why you should consider internationalization and how to prepare your company
What is internationalization? Internationalization is the process by which a company begins operating its business in other countries. It involves market analysis, strategic goal-setting, and sustained production capacity. It can take many forms, from simple exports to opening a branch abroad. Brazil has been steadily expanding its international presence, looking to move beyond its role as a mere supplier of raw materials.
Why internationalization matters. Expanding abroad opens up multiple growth opportunities: reaching new consumer audiences, diversifying economic and political risk, and smoothing out seasonality. Selling products across different hemispheres, for example, can create multiple sales peaks throughout the year instead of just one.
How to approach internationalization:
- Strategy. Planning is essential to anticipate challenges and assess feasibility.
- Choosing a market. Research and identify countries that fit your type of business.
- Logistics. Consider reliable transportation and costs that make economic sense.
- Technical requirements. Comply with export and import regulations, including each country’s specific technical standards. Advantages and challenges. On the advantages side: technology now enables international online sales, you don’t need a massive structure to get started, and qualified translators are readily accessible. On the challenges side: holding on to your local market, understanding cultural differences, and overcoming the language barrier — which remains one of the most critical obstacles to succeeding internationally.
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