Looking at the Middle East as a market to enter in the
retail aspect may be harder than one could imagine. Using the data collected from NRF, I was able
to determine that there were only three companies that have their origins in
the region. They hail from Turkey, UAE,
and Saudi Arabia. That’s three out of
the top 250 retailers globally (nrf.com). However, for two alias of Syria,
Russia and China, it might be easier for them to enter the market. Of the 250 global retail leaders, 13 of them
hail from these two countries. Still,
that is only 6.4% of the top retailers in the world that would even consider
doing business with these countries just based on global military
positioning. It’s an interesting topic
to see if the countries that back Syria are concerned with their economical
position or if it is strictly based on their weapons capabilities and positions
in the Middle East.
Source: C. (2017, January 16). 2017 Global 250 Chart.
Retrieved April 12, 2017, from https://nrf.com/2017-global-250-chart
I am betting that with the amount of current turmoil the risk assessments that are going to be done are going put an extreme to the risk title. I can see why. The political possibility of losing a government and massive death in the region will cause people to hesitate with any investments in the region.
ReplyDeleteInvesting in a region that is a largely a war ridden area, is never a safe investment and is tough for companies to import, export, and navigate their local economies. With the current state, I am willing to bet we will not see their companies grow from the current 13 located their and would not be shocked if those companies relocated.
ReplyDeleteI completely agree, and was about to say the same thing.
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