BSmart Import Product Gap.
Imports are any goods or services brought into one country from another country in a legitimate fashion, typically for use in trade. Import goods or services are provided to domestic consumers by foreign producers. An import in the receiving country is an export to the sending country. Imports, along with exports, form the basis of international trade.
Import is at least as important as export; however the focus of government policy instruments is generally on export. Export does indeed bring in ‘foreign currency’, but for many economic sectors efficient access to required inputs is a very important factor in staying (internationally) competitive. EU studies show that SMEs – Small to Medium Enterprises – most often start their internationalisation process with imports and later go into export markets. So supporting importers will also result in promoting more exporters.
Imports of goods almost always require the involvement of the Customs authorities in both the country of import and the country of export and are often subject to import quotas, tariffs and trade agreements.
BSmart Company has studied the import market in Ireland and found that the major trading partners are the closest neighbours, UK, Germany and Nederland. The import of goods and services require that a whole host of legal and governmental regulations are complied with in the form of multiple paperwork, possibly in multiple languages. However, choosing this ‘ease of access’ both in language terms and logistical terms – when trading with near neighbours has inadvertently led to a high end user price being paid on the Irish market for almost all imported products. This inevitably leads to a reduction in the margin of profit for you as an end retailer.
BSmart Company sources products direct from manufacturers not third parties and therefore is able to source the keenest prices for those goods direct from the manufacturer – from source – and process the import paperwork for the delivery of those selected goods to you.
BSmart Company focuses on keen margins -sourcing inputs that allow you to remain competitive and protect your profit margin.