STRATEGIC PARTNERSHIPS IN SINGAPORE ARE BEING ESTABLISHED
“When it comes to international business, the world is truly a small place. This is why we make the effort to experience as much as we can when evaluating our international expansion strategy.”
ARTICLE SUMMARY
I traveled to Singapore to meet manufacturing partners and develop a stronger local presence for Ideoli. I explain how being there helped me understand the market and build relationships, and why I viewed those connections as part of doing business across Southeast Asia and beyond.
KEY TAKEAWAYS
The visits focused on developing partnerships and understanding the local market.
Singapore was discussed as a base for wider regional business activity.
Despite its small land area and population, Singapore is a major player on the global business and finance stage. And crucial to the success of my business. The beautiful city-state is a global hub for industries such as finance, and it’s also an important market for conducting business for the manufacturing industry.
I travel to Singapore to meet with key manufacturing partners and several local factories in order to establish a presence in this important market for my international business.
Singapore’s openness to global trade and investment attracted us to this impeccable city-state. What Singapore lacks in manufacturing infrastructure, it makes up for in its ease and ability to conduct business throughout the region and globally. Thus, Singapore serves as a strategic location for Ideoli to conduct business throughout Southeast Asia and the rest of the world. In the World Bank’s Doing Business 2017 report, Singapore ranked second for ease of doing business. That ranking is historical context for this visit.
Being on the ground in Singapore enabled us to gain deeper connections and understand the market better.
Ideoli is always searching for vibrant international markets and exploring Singapore is an example of its dedication to doing so.
A waterfront stop in Singapore between meetings with manufacturing partners.
RELATED READING
For business and project inquiries, connect with George Stroumboulis.
Five principles behind my B.U.I.L.D. Framework, shaped by the people, partnerships and practical lessons of building a business across borders.