Craig Jennings owns a consumer device company called Holcomb Technologies. Holcomb manufactures devices locally in South Florida. Currently, Craig gets the components from domestic suppliers. He manufactures the finished product at a domestic assembly plant not far from his house in South Florida. Recently, a business publication featured his company, which stirred considerable incremental demand beyond Holcomb's production capacity scope. 

1.In order to achieve economies of scale, Craig is considering sourcing the parts from new low-cost suppliers in Asia. He has also contacted a few manufacturers willing to assemble the devices for Holcomb. Additionally, Craig is seriously considering opening up the Asian market for his innovative devices. 

2.List some of the factors Craig should consider before outsourcing and selling to the new Asia marketplace. Be specific. Identify some of the challenges Holcomb should anticipate. For the challenges identified, propose potential solutions, and analyze each of them. Any given alternative solution may address multiple issues. 

3.Describe some of the risks and uncertainties associated with the new product launch. What suggestions do you have on how these risks and uncertainties should be included in the analytics of managing this new project. Support your suggestions with facts and sound reasoning.