Are you ready to explore the impact of globalisation on businesses like Sil's Firey Pepper Sauce? Silvio Molasantay's story is a great example of how globalisation can be both a blessing and a curse for entrepreneurs. His grandfather's pepper sauce recipe became a hit in Europe and the US, but it was through globalisation that Silvio was able to expand his business to many other countries around the world.

As we delve deeper into the concept of globalisation, we'll see how it has transformed the world's economy by making countries more connected and enabling more international trade. For businesses like Sil's, this means access to a much wider market and the potential for much higher sales. However, globalisation also brings new challenges, such as increased competition and the potential loss of jobs in high-labour-cost countries.

By the end of this video, you'll have a better understanding of how globalisation can impact businesses like Sil's Firey Pepper Sauce. We'll explore the benefits and drawbacks of expanding internationally and examine how globalisation has changed the way we do business.