Monday, July 19, 2010

Companies Engaged in Global Trade Are More Optimistic About Economy

(Logistics Today)

Although concerned about the economy, small- and medium-sized business exporters are confident about their companies' futures, especially when it comes to international sales, according to a recent survey commissioned by UPS.

Of the small- and medium-sized business exporters interviewed, 85% say the economy is their top concern, far exceeding their worries about any other issue. However, most respondents indicate they remained positive about their businesses and their international sales opportunities. More than three-quarters (78%) say they are confident international sales leads will materialize.

“Entrepreneurs who export are self-assured, adaptable and resilient so it doesn't surprise me that the survey shows exporters are confident about meeting their business goals,” says Laurel Delaney, owner of small-business consulting firm Global Trade Source.

The survey found that most small- and medium-sized businesses (61%) that had expanded into foreign markets did so with a sound plan. And, exporters are quick to learn about the in's and out's of exporting; more than half (53%) say they do not find the process of exporting frustrating. However, those who were newer to exporting say documentation and customs requirements are the biggest barriers to expansion. Read more here.