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  • Telford Engineering post-MEXIT

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    Sakshi Motiramani
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    The document outlines strategic options for Telford Engineering following MEXIT. For cost reduction, it recommends further outsourcing accounting functions to cut costs and finding domestic material suppliers to reduce the impact of increased costs from currency weakening. For market expansion, it suggests using MEXIT as an opportunity to expand into new foreign markets outside of CETA to replace reduced exports, taking advantage of lower prices for other countries due to currency devaluation. This could help fill the revenue loss from CETA.

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    The document outlines strategic options for Telford Engineering following MEXIT. For cost reduction, it recommends further outsourcing accounting functions to cut costs and finding domestic material suppliers to reduce the impact of increased costs from currency weakening. For market expansion, it suggests using MEXIT as an opportunity to expand into new foreign markets outside of CETA to replace reduced exports, taking advantage of lower prices for other countries due to currency devaluation. This could help fill the revenue loss from CETA.

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    17 views4 pages

    Telford Engineering post-MEXIT

    Uploaded by

    Sakshi Motiramani
    The document outlines strategic options for Telford Engineering following MEXIT. For cost reduction, it recommends further outsourcing accounting functions to cut costs and finding domestic material suppliers to reduce the impact of increased costs from currency weakening. For market expansion, it suggests using MEXIT as an opportunity to expand into new foreign markets outside of CETA to replace reduced exports, taking advantage of lower prices for other countries due to currency devaluation. This could help fill the revenue loss from CETA.

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    © All Rights Reserved
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    Telford Engineering post-MEXIT

    Strategic options developed by Sub-Committee


     Cost Reduction

    1. A crucial turnaround approach is COST CUTTING. Our first aim in light of the current crisis
    is to increase our immediate Cash Flows following the MEXIT.

    2. Although outsourcing the Accounting Department functions have helped us save costs,
    alternative sources shall also be considered.

    3. Materials from CETA imports may be obtained from a significant domestic provider. In order
    to lessen the negative effects of a probable increase in material costs owing to the weakening
    of the M$ versus the C$, our goal will be to find suppliers of the same quality for the same or
    better price.
     Market Expansion

    1. Telford Engineering can take MEXITas an opportunity to expand itsforeign markets


    beyond CETA.

    2. Even though the number of exports to CETA will decrease, the probable decline in the
    value of the M$ can be a chance to trade with other nations since they will now find our
    products to be more reasonable.

    3. This will help us fill the Revenue Loss created by reduced exports to CETA.
    Thank You!

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