International Trade of Peterson Advocates in Australia

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Table of Contents

Introduction
Brief description of the firm
The position of the organization in the supply chain
Main export markets and sources of imported goods and services
The dominance of Import and export
Supplier relationship strategies
Modes and physical movements of goods and services
Main statutory or logistics problems facing the organization
Conclusion
References

Introduction

International trade is the exchange of goods and services or even capital from one country to another. In most countries; it constitutes the highest percentage of the gross domestic product (GDP). In Australia, with a tremendous change recently due to industrialization, advanced transportation, globalization, multinational corporations, and outsourcing there is an increase in impacts of the international trade system. Even small and medium-sized organizations have plunged into the business. Peterson Advocates have known that they have to combine both services and goods in their international trade to maximize their revenues.

Brief description of the firm

Peterson Advocates is one of the emerging and very successful commercial law firms in Victoria, Australia. Their major focus is on advising small and medium-sized corporations in Australia and Asia. Most of its very qualified employees, including over 40 legal staff give it a higher hand in its operations. They also export physical goods like text, videos, and other materials.

Even though they export materials, they also import a lot like dressing attires, education among others. The firm offers specialized services and goods which are very unique. This makes the firm to be very popular among other well-established legal firms.

The position of the organization in the supply chain

The supply chain or logistics network of Peterson Advocates is organizations, people, activities, Information, and Resources. This being a service industry does not move to all stages of the supply chain, that is, from natural resources to finished products. The exchange is between the Peterson Advocates and other companies who try to maximize their revenue within their sphere of influence but have little or no knowledge regarding various legal matters. In physical goods like dressing attires, stationeries, computers, mobiles, and other requirements are exported or imported in their finished state.

Main export markets and sources of imported goods and services

Peterson Advocates mostly export their services in Sydney, Melbourne, Perth, Canberra, Hong Kong, Beijing, and London. The source of information i.e. legal education, not all of it is attained in Victoria but from these trading countries. This shows that mostly the service they offer is imported it also exports and imports various legal goods books, attires among others. This is the secret of Peterson’s Advocates’ great success in international trade.

The dominance of Import and export

As indicated earlier, most of the legal practitioners working in Peterson Advocates legal Firm studied outside their country. This shows that they took a lot of money outside their country to pay for school fees and other services. If they do not export these services they may end up with an unfavorable balance of payment. In addition, they export computers, mobiles, and attires which are needed for the performance of the job.

Supplier relationship strategies

The success of this firm is based on the fact that they offer commercial solutions rather than just legal services. Petersons Advocate has an excellent regulatory track record. They also have advanced legal technology that embraces new ideas and technology. The employees are the best with diverse knowledge on various financial issues. They embrace greatly matters relating to environmental concerns. They respond and give timely up to date pieces of advice to all their clients. The employees have continuous customer care coaching to be able to meet customer’s different needs.

Modes and physical movements of goods and services

To get the services regarding any, aspects clients either visit Petersons Advocates offices which are located in Australia’s main business centers, Hong Kong, Beijing, Shanghai, and London.

They can also visit the office in Victoria. Their services are in high demand that is why currently they are using mobile and computer technologies to deal with various cases depending on the complexity of the issue. Computers and mobile phones and dressing attires are imported while books are exported. This is done mostly through e-commerce. There is needed to make some orders directly from the providers when they are not available.

Main statutory or logistics problems facing the organization

There are a lot of challenges in statutory, logistics, or both. To state but a few, there is a real problem in challenging tribunal decisions through the courts. Giving appropriate advice in the ever-changing world, the climate is also not a simple task. Managing corporations, with different visions and missions and time management to meet the deadline of clients.

New economic changes create challenges for labor lawyers. There is series of changes in the modern economy making it necessary for labor lawyers to master a lot of upcoming issues so that they can solve different cases without losing hence maintain customer loyalty. There is a great need to deal with foreign international disputes arising on daily basis. Victorian long service leaves laws now in force Commission allowing nose ring despite policy Court orders.

Conclusion

Peterson Advocates is trying to bridge the gap in international trade. Having started as a small business enterprise, it is currently opening the doors to becoming a medium-sized firm. From the look of things, there is a high conviction that this will become a large corporation in the future. Just as Schumpeter (1954) says that a large corporation emerges from a small low growing business.

References

Nagurney, A. (2006) Challenges and solutions: Dynamics of process flows and profits. New York: Edwards publishers.

Austral, C. (2002) Supply chain network Economics for today’s securitization.

Korir, D. (2007) History of economic Analysis Understanding international Trade. Nairobi: Longhorn publishers.

Schumpeter, et al (2003) Understanding international Trade. New York: Oxford university press.

Seffrin S.M. (2003) the power of multinational corporations Economics, Principles and tools. Tokyo: McGraw.

Barnett, R. (2004) Global Reach: Economics, Principles and tools.

Bhagwati, J. (2005) defense of video recording globalization. Oxford: Oxford University Press.

Grumpy meets the entrepreneurs (2005) defense of globalization, Australian Broadcasting Corporation, Sydney. Featuring the Sydney entrepreneurs.

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