“The facts are clear. Businesses which trade internationally are more resilient, more sustainable, employ more people and are more profitable.” Those are the words of Marco Forgione, director general of the Institute of Export and International Trade. And a new report suggests we can add another adjective to that list – more productive. A feasibility
Research commissioned by the British Beauty Council has found that Brexit has severely impacted the UK beauty sector, with SMEs especially affected. The research, conducted by Oxford Economics, found that customs delays, increased costs associated with cross-border trade and a reduction in skilled EU workers entering the UK economy have shrunk the value of the
It’s December already and another year is nearly over. Thoughts turn to the Christmas festivities and the New Year looming. Is 2024 the year you will look to expand your business into international markets? There’s a world of opportunity out there waiting for your product or service. But how ready are you for the export
Is your business ready to expand globally and capitalise on a world of opportunities that awaits? You can assess your readiness for export with our free Export Readiness Quiz! Answer just 16 questions and we’ll provide you with an Export Readiness Score and breakdown of the areas where you need to pay attention to be in a
A straw poll as part of UK exporters has unearthed how unprepared most are for upcoming changes to the British border and how they will affect them. Taken on an Institute of Export & International Trade webinar, just 6% of attendees said they were ‘completely clear’ about upcoming changes, whilst 16% said they were ‘clear’.
Last weekend I went to see a special immersive planetarium film experience celebrating 50 years since the launch of this iconic album. It was quite an event, with the music and visual effects combining to create a truly wonderful experience. You had the feeling of walking on the moon and pushing the boundaries of the
The Department for Business and Trade has announced a new trade agreement with Washington state. The deal, or memorandum of understanding on trade, is the sixth such agreement that’s been made which in total offers UK businesses further opportunities to tap into markets worth £2.2tn. BREAKING: tonight the UK will sign a memorandum of understanding
In a recent piece for The New Statement whilst discussing Peter Forster’s book ‘What went wrong with Brexit and what we can do about it’, Andrew Marr has highlighted how UK SMEs are struggling to export to the EU and are increasingly deciding not to. He says there is an ongoing contraction happening as firms
The government has delayed plans to introduce checks on imported food products once again. The post-Brexit checks on fresh farm produce and plants from the EU into the UK were meant to begin in October, however, concerns over supply chain readiness, delays and potential inflationary cost increases have seen the roll-out pushed back once more.
Ever wondered why some strategies, which thrive at home, fail spectacularly overseas? What are the secrets to international success? This real-life example will help us to identify those secrets. Once upon a time, IKEA, the global retail giant, faced an interesting dilemma. When they first expanded into Russia, they thought their tried-and-tested format – self-assembled,