Export Import(ant)
With the relentless (although reducing) news of shrinking economies and contracting growth, it’s been refreshing to read about a completely opposite situation. The British Chamber of Commerce have produced some interesting information which is designed to encourage firms to consider looking farther afield for their business.
The UK is the second largest exporter of services in the world, yet there are still many companies here who have not yet explored international markets. Undoubtedly, there are many factors to consider choosing to expand in such a way, but I can think of several reasons why UK companies hold a major advantage if they seek to export their services.
1. The UK, and London in particular, has a strong and established multicultural and multilingual workforce.
2. Independent bodies offer support and assistance to companies exploring international opportunities.
3. Exporting is a chance to gain the edge over your competitors.
It would seem that exporting could be an option regardless of the market sector. We are even seeing football teams make a concerted effort to setup international bases. OK – I’m slightly biased by including this link about Liverpool Football Club choosing to start a new academy in India, but couldn’t resist!
