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⍰ ASK What strategies can a company use to build a strong network of local suppliers and partners in new markets?

To succeed in a new market connect with local suppliers and partners. Start by researching the local business scene, culture, and rules. Attend trade events to meet potential partners. Build transparent and mutually beneficial relationships, tapping into local expertise through partnerships or alliances.

Gain trust by practicing fair and ethical business. Show commitment to longterm ties by being culturally sensitive and adaptable. Strengthen connections with training programs or knowledge sharing.
 

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