In 2016, WTCSav was tapped by one of our partners, International Dunnage, to conduct a market assessment to help inform an international growth strategy. As part of the market assessment, data was gathered on duties and free-trade programs associated with the company’s products. Multiple countries were identified and information was provided on the ease of doing business, access to international ports, as well as five and 10 year economic forecasts and operational risks for each country.
After comparing approximately 2,000 country-specific data points, the company narrowed their focus to seven target countries. With a focus on those seven countries, WTCSav completed a comprehensive document with in-depth trade and economic information. The company was able to narrow their focus even further by selecting two countries of interest.
Once a more selective approach was taken by the company, WTCSav provided access to in-country resources, including World Trade Center locations and contact information, state and federal resources and other in-country economic development agencies to assist in their decision-making process.
International Dunnage moved forward, recently purchasing a 53,000 square foot building in the Dominican Republic that is currently being renovated. They also received their free-trade permit, hired a General Manager and expect to be in production in June.