Mind the Gap! Pitfalls and Risks to Consider When Moving Production to the U.S.
In the world of international business expansion, the phrase “Mind the Gap!”, a commonly heard warning in the London Underground, also holds significance for European companies seeking to move across the Atlantic to the U.S. This expression summarizes the common challenges and risks associated with navigating the regulatory and legal divides between European and U.S. codes and standards. Navigating these barriers involves understanding potential pitfalls that can lead to increased project costs and delays. As companies seek to minimize the risks associated with international ventures, the need for a proactive and comprehensive gap analysis involving a diverse team of experts is crucial.
In this article, Chambliss shareholders Brian Eftink and Jeffrey Maddux, and Helge Nestler of MxV Consulting Group explore the complexities of risk management and gap identification, and strategies for developing compliance with the Recognized and Generally Accepted Good Engineering Practices (RAGAGEP) in the U.S. Read the full article below for important considerations before purchasing or establishing new production facilities in the U.S.