This positive outlook on international markets was also reflected in employment in this sector. Just under a third (32%) of businesses were expecting to increase their ratio of employees focused on non-domestic markets. Given the restrictions put on international growth during COVID-19, and the fact that these restrictions are starting to lift, it feels as though the market is rebalancing.
International growth at a glance - UK vs global
What our experts say...
“As countries successfully vaccinate their populations against coronavirus, international markets are opening up again. More companies are now shifting their sales and supply chain focus back to international markets, including in the UK. This trend is important in isolation but also highlights unique internationalisation opportunities for all mid-market companies.”
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