Is the economic turmoil overseas a crisis–or an opportunity? Here’s a look at a few savvy American companies reaping the benefits of European market instability.
Doing business in Europe right now is a scary thought: The euro has pretty much crashed through the floor, the Greek government is pleading for a second bailout, and European stock markets have tanked.
So it’s no surprise that plenty of American companies are feeling the shockwaves of a turbulent economy overseas. Fourth quarter earnings reports confirm this. One company, Schnitzer Steel Industries, a steel manufacturer, announced on Monday that it expects its fourth quarter results will be lower than expected “due to weaker than anticipated global market conditions.” It’s a phrase we’ll probably start hearing often.
But not all American firms are hurting. Some entrepreneurs say the Euro crisis has been downright good for business.
…to read this article in full, visit leading US small business resource, Inc.