Only one in five UK businesses trade internationally
TNT Express publish white paper advising small and medium companies on trade and exports
A white paper advising UK businesses on how to “take the first step” into overseas trade and exporting has been published today, on the back of recent findings by CBI which suggest only one in five British companies currently trade internationally.
Published by leading delivery operator TNT Express, ‘The Art of Nimble’ offers tips and case studies to help UK small and medium businesses “unlock opportunities” in global supply chains.
The express delivery service claims it has released the paper as “thousands” of smaller companies are uncertain of how to begin trading overseas.
The paper aims to present the strategic advantages of international trade following research, by the UK Trade and Investment (UKTI), which reported that companies that export benefit from a 34% increase in productivity within their first year of exporting, and are 11% more likely to survive.
The release builds upon Lord Livingston’s pledge earlier in the week to offer free personalised trade advice to 10,000 UK small and medium-sized businesses as part of a bid to meet government’s £1 trillion export target by 2020.
Alistair Cochrane, managing director of TNT Express UK & Ireland, commented: “Time and again when we speak to UK-based small and medium enterprises we deal with, we find many are too apprehensive or too unaware of the opportunities which may exist to actively begin trading overseas.
“[…]It is critical that we do all we can to help UK small and medium-sized businesses to embrace the global marketplace, both for their own sake and for the wider UK economy.
“This white paper […] looks at how understanding supply chains can bring competitive advantage and investigates the supporting role logistics is playing in allowing today’s increasingly strategic supply chains to operate effectively.”
To download a copy of the white paper, click here.