
Aussie businesses charging ahead with global expansion
September 2th, 2022 – Australian businesses have ambitious plans for international expansion, as new data from global fintech Airwallex reveals more than two thirds of small-to-medium Aussie businesses (69%) plan to be operating outside Australia by 2027.
Airwallex’s inaugural Australian Business Growth Index found a third of SMEs surveyed (34%) currently have operations overseas, but this is projected to more than double in the next five years.
The independent research, which surveyed more than 200 Australian small-to-medium enterprises, found that businesses already operating in international markets are experiencing commercial success. Of these businesses, two in five surveyed (42%) reported being profitable and more than half are breaking even (52%).
More…https://itbrief.com.au/story/aussie-businesses-charging-ahead-with-global-expansion
Written by IT Brief
Related Post
Celebrating Women Entrepreneurs: Key Insights from...
According to the GEM 2024/2025 Global Report entitled Entrepreneurship Reality Check, far too many women entrepreneurs are still seen by nat...
SME Digitalisation to manage shocks and...
Although uptake of digital practices by SMEs continues to increase, so too has the “digital gap” with larger firms. Understanding the dr...
Fostering convergence in SME sustainability reporting
Small and medium-sized enterprises (SMEs) play a pivotal role in driving sustainable economic growth. Representing over 90% of businesses gl...