Lindsay Corp

1. Cultural and language barriers: Working in a new Asian market where business practices, cultural norms, and language are unfamiliar will present a challenge. A lack of awareness of the local landscape could lead to costly mistakes or misunderstandings that could threaten the success of Lindsay’s expansion.

2. Sudden changes in regulations: Regulatory changes in a new market can present compliance and financial risks. The new regulations may be difficult to understand and comply with, which could lead to penalties or decreased market share.

3. Unfavorable exchange rates: Currency exchange rates can be a challenge when dealing with a new market. Unexpected fluctuations can erode profits and leave the company exposed to financial losses.

4. Political instability: Political instability can make it difficult to do business in a new market. Unpredictable regulations and policies can undermine Lindsay’s expansion plans and create an unpredictable business environment.

5. Presence of competitors: A significant challenge for Lindsay Corporation will be overcoming the presence of established competitors in the new market. There could be intense price competition, as well as other strategies that could undermine the growth and profitability of Lindsay’s new venture.