Benefits of Internationalisation
Why should British SMES go global?
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Emerging and Developing Economies (EDEs) are expected to contribute to 60% of global GDP by 2030
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90% of purchasing power is outside the UK & EU.
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There is a growing middle class with purchasing power across Emerging and Developing Economies.
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In the digital age, we are more connected to the rest of the world than ever before and whether it be e-commerce or social media your business can reach customers instantly.
Source: EU, Nielsen, The Guardian
BENEFITS OF EXPORTING
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Increase productivity, sales revenue and profitability by tapping into new markets
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Become more innovative - either in your processes or development of new products and/or services
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Reduce the risk of depending on domestic market sales
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Raise your reputation by becoming a global competitor
BENEFITS OF IMPORTING
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Reduce your operating, manufacturing and production costs by accessing lower-priced raw materials and components
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Access high quality and innovative products and services
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Boost consumer choice by increased competition
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Generate new jobs and safeguard existing ones
BENEFITS OF INVESTING OVERSEAS
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Aid your export growth by having a regional base
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Enhance your global supply chain
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By having a local base to serve your customers in that market you can become more competitive - reducing delivery times, improving operational costs and offer improved customer service experience
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Access local projects easily. In some markets having a local presence can give advantage to tender/bid for projects in that market, as well as develop stronger relationships with potential partners and contractors.
Are you interested in going global but not sure where to start?
Call us at 0161 393 4314 or email us at international@gmchamber.co.uk our team is at hand to help.