FedEx Express research has found that worldwide, 31 per cent of micro-multinationals are growing at a rate of 11 per cent or more, compared to just 21 per cent of SMEs in the same position.
Different skill sets, technological benefits and lower overheads were listed by British micro-multinationals has the main reasons for the difference in growth.
The research also found that:
- In the UK, 40 per cent of micro-multinationals have opened offices in new markets in the last five years.
- 78 per cent of UK micro-multinationals feel international trade is just as accessible for small businesses.
“Our research shows that confidence in overseas opportunities is increasing in the UK, with more than half of those surveyed perceiving that being a micro-multinational gives them a greater advantage over single market SMEs,” says Martin Davidian, managing director, Sales, UK North and Ireland, FedEx Express. “By providing a greater understanding of the benefits available to UK micro-multinationals, we can help break down the barriers for entry and further strengthen the economy.”
“With a wealth of benefits for the taking, becoming a micro-multinational is certainly something SMEs should consider.”