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"Financially, the company's 2019 performance was short of our original expectations, mostly because our operational execution -- which we usually do very well-- wasn't nearly good enough. We recognize, take accountability for and have made changes because of this," said Jim Hackett, Ford president and chief executive officer.

"For multinational corporations, more decentralized decision-making at the country level, faster rollout of products, and more localized endeavors to stay tuned to customers' needs are some of the decisive factors for their outperformance," Jason Yu, managing director of Kantar Worldpanel and one of the authors of the report, said. For instance, the role of e-commerce has moved from the periphery to the forefront in many businesses of multinational brands in China.

"Governors are fundamental to strengthening local power as they are accountable for 15 provinces' executive and managerial performances," said Lissete Perez, senior professor with the School of Law at the University of Havana.

"For a brand targeting the global market, customers should not be defined by race or nationality," she said.

"Further expanding imports can balance foreign trade, push domestic industries to a higher level through competition brought by foreign counterparts, and meet people's daily demands."