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Each of these parts also has smaller components which can cause problems as you begin to venture into foreign markets. Shipping, for instance, also contains the need to know customs regulations and practices in the target country or region as well as any taxes or duties that might be required for products shipping to or from your facility. Something as simple as how a product is packaged and labeled can cause unacceptable delays in delivery, and with today's just in time manufacturing model having a critical part missing from your production line could shut down a factory for days or weeks.
Arranging payments to and from foreign banks can also be a daunting procedure, but there have been developments since the late nineties which have made this process easier. This is in thanks to SWIFT codes and IBAN numbers.
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