Managing risk: Can your company afford not to do business overseas?

FOR an increasing number of companies overseas trade is a requisite to leverage the costs of doing business in a home market where margins are increasingly being squeezed.

More than ever, the investment costs of new product development mean businesses cannot afford to launch a product with just the UK market in mind.

That was the experience of several business leaders at a round table discussion on the importance of managing risk in overseas markets, held at the offices of Lloyds Bank in Manchester.

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