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What are the Challenges Encountered by Businesses in the Era of Globalization?

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Business challenges are constraints/obstacles or difficulties that business people may face in operating their businesses. Business challenges can occur both internally and externally. Business challenges are also an inseparable part of the journey to success. So in your opinion, what are the challenges of business in the era of globalization?
 
One impact of globalisation is economic progress. We can be an entrepreneur. There may be challenges but it's the discretion of the entrepreneur to proceed or not on what he plans. But only the millionaires can transact global businesses,the small timers can afford only within his vicinity.
 
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