Introduction
As the market continues to evolve and expand globally, businesses need to be able to adapt to the challenges that arise when entering new territories.
Challenges of Expanding Globally
Our client, a technology reseller located in New York City, recognized that the local market had reached saturation and needed to expand globally to meet the needs of their local customers. However, they faced obstacles in importing controlled goods like IT hardware into foreign markets such as Russia, Brazil, and China, which restricted their growth and competitiveness on the global stage. Many other businesses encounter similar issues, which limit their potential for growth in the international market.
How AGOL Worldwide Inc As IOR Helped Overcome The Import Challenges
One of the primary obstacles businesses face when importing goods to foreign countries is the requirement for an (IOR) Importer of Record service. This service serves as a local representative and assumes the financial and legal risks associated with the shipment. Additionally, the (IOR) Importer of Record Service must be a locally registered tax entity with the necessary registrations and permits to import controlled goods. However, with constantly changing regulations, complicated permit requirements, and a large amount of paperwork, maintaining the necessary infrastructure and remaining compliant can be prohibitively expensive for many companies. AGOL Worldwide Inc presented the client with the potential benefits of global distribution, and the client agreed to test us with smaller shipments to difficult countries.
Successful Shipping Services by AGOL Worldwide Inc
AGOL Worldwide Inc assisted the American client in successfully shipping dual-use wireless encrypted network equipment to various countries, including India, Japan, Hong Kong, China, Argentina, Brazil, and Mexico. Our shipping services broadened the client’s distribution network and gained new clients. The company successfully cleared over 150 shipments into over 25 countries, resulting in shorter delivery times for several countries. In Hong Kong, for instance, we acquired a Trade & Industry Department permit for encrypted technologies in under six days, compared to the usual time of over 15 days. Additionally we provided shipping to heavily regulated Latin American countries on short notice to help the client uphold their commitments.
The Impact of AGOL Worldwide Inc on Business Transformation
The client’s business underwent a complete overhaul, thanks to the services provided by AGOL Worldwide Inc. Their new distribution network allowed them to supply for some of Silicon Valley’s biggest names, which was previously unattainable. The client achieved a Top 30 ranking in CRN’s “Fast Growth 150” companies in 2016, with a 99% customer retention rate, 140% growth in two years, and over 10,000 customers. AGOL Worldwide Inc played a pivotal role in this transformation by leveraging its technological expertise, taking charge of the import process, ensuring compliance, and providing expert service. As a result, the client has a global presence and can scale their business worldwide.
Testimonial from the Client
The client expressed that their partnership with AGOL Worldwide Inc has been instrumental in addressing a crucial issue for many of their clients. With the increasing number of businesses adopting a global approach to IT infrastructure, the client believes that AGOL Worldwide Inc’s unparalleled expertise and proficiency in international logistics make them stand out in the industry.
AGOL Worldwide Inc’s Impact on Clients’ Business Growth
The client’s partnership with AGOL Worldwide Inc has been a game-changer for their clients facing challenges in global IT infrastructure. Our unmatched expertise in international logistics has provided a major solution for clients’ pain points. The client quickly requested our full range of services and offered them to all customers, including top-tier ones. This strategic move has enabled the client to attract new customers with global distribution needs and win previously unfulfillable deals. As a result, the client’s global fulfillment capabilities have become a primary driver of its sales process, proving to be the most effective tool for closing deals.
Conclusion
Thoroughly researching and understanding a target market’s cultural, legal, and economic differences is crucial for businesses to expand into new markets successfully. This enables businesses to identify and overcome any potential challenges. Building solid relationships with local partners and stakeholders such as suppliers, distributors, and government agencies is also essential. They can provide valuable support and insight for businesses operating in a new market. However, performing these tasks can be a challenging process for an importer. Fortunately, companies such as AGOL Worldwide Inc have already established the necessary research and connections for smoothly carrying out the import procedure. With the (IOR) Importer of Record Service provided by companies like AGOL Worldwide Inc, businesses can overcome obstacles and transform into a global powerhouse.
Our client’s transformation is a testament to Our expertise and proficiency in international logistics, which helps businesses expand their reach and take their operations to the next level. Therefore, if you need help importing goods or starting an import firm, contact us to obtain Importer of Record Service USA, and let us handle everything while you enjoy the profits of your import business.
If you are looking for professional IOR Service in any part of the world feel free to send us your inquiries at timecritical@agolworldwide.com
