From a social and economic perspective, the past few months have been a time for reflection and inquiry. The COVID-19 pandemic has shifted some of our thinking, by pulling on a loose thread that was tightly woven into many business strategies focused on a singular market or a small group of suppliers. When the thread was pulled, that strategy proved to be risky, and it has started to unravel for many companies.
To try to counteract these risks, many flexible and resilient private companies are stepping forward and seizing the opportunity to embrace a broader perspective. Those who haven’t traditionally played in larger global markets are likely to change the landscape as they look for ways to expand and diversify their customer bases, supply chains and alliances.
Below are some of the greatest opportunities that I believe are emerging for those agile private companies who are contemplating expansion opportunities in the US.