K AV I Y A R A S A N K

Manufacturing
drawback of
import and
export
Manufacturing
• In today’s globalized economy, many
for Export and
Import: companies are involved in exporting
Weighing the and importing goods. While these
Drawbacks activities offer numerous benefits,
there are also potential drawbacks that
manufacturers need to be aware of.
Increased • Navigating
Complexity international regulations
and standards Additional
documentation, inspections, and
certifications Increased lead times and
potential delays
Quality
• Maintaining consistent quality
Control
Challenges across different countries
Managing multiple suppliers and
production facilities
Communication gaps and cultural
differences
Intellectual
• Riskof IP being copied or stolen
Property
Concerns overseas Importance of legal
protections like patents and
copyrights Maintaining
confidentiality in certain
production processes
Logistics
• Complexities of long-distance
Challenges
transportation Costs associated
with shipping and customs
clearance Potential delays and
disruptions in the supply chain
Currency
• Impact of exchange rate
Fluctuations
fluctuations on profitability
Strategies to mitigate risks, such
as foreign exchange hedging