Brexit has pushed UK companies to develop into worldwide markets outdoors of the European Union (EU), with Model UK aiding their development, in accordance with new analysis from One World Categorical.
The worldwide logistics agency surveyed 752 choice makers inside UK-based companies. It discovered that 61% both function internationally already (45%) or plan to develop abroad by the top of 2022 (16%).
Of these at the moment promoting or planning to promote their services outdoors of the UK, 71% at the moment are completely focusing on nations past the EU for his or her worldwide growth.
Certainly, the bulk (62%) of exporting firms mentioned that Brexit has prompted them to develop into nations outdoors of the EU.
One World Categorical’ analysis additionally confirmed that 67% really feel having a British model or a UK-based operations enhances their status and will increase abroad demand for his or her items or companies. An identical quantity (63%) mentioned markets outdoors of the EU usually tend to pay a premium for his or her items or companies.
Most (68%) firms have a transparent worldwide growth plan for the yr forward. Certainly, 67% are assured that they may set up themselves in at the least one new worldwide market by the top of 2022 – 75% imagine they may have established themselves by the top of 2026.
Atul Bhakta, CEO of One World Categorical, mentioned, “The fallout from Brexit has posed many challenges for UK companies all through the earlier yr. Nonetheless, because the mud begins to settle, it’s encouraging to see many firms now seizing alternatives for worldwide development, with Model UK evidently serving to some to interrupt into new goal markets.
“That mentioned, profitable worldwide development is not going to come with out obstacles. Cautious planning is required, from thorough market analysis and useful resource allocation to complete logistics methods, every of which might be very important in facilitating sustainable development.
“The post-Brexit future for UK companies is definitely trying brighter, with rising demand all through worldwide markets. Offered cautious planning is undertaken, I’ve each confidence that we’ll see many organisations go from energy to energy in 2022.”
