FedEx: “UK SMEs are fuelling export growth”
More than 63% of British SMEs are exporting and taking advantage of declines in the value of the pound, according to new research from FedEx Express. The FedEx SMEs Export Report found that the digital economy is an “essential enabler allowing SMEs to take advantage of international opportunities”, with many increasingly embracing new technology and processes.
More than eight in ten (81%) of UK exporting SMEs generate revenue through e-commerce, the report found, and almost a third (30%) have reported increased revenues over the last 12 months.
The report also revealed that 86% of exporting British SMEs trade within Europe while 63% export outside of Europe.
David Binks, president, FedEx Europe, and CEO of TNT, commented: “The FedEx SME Export Report has emphasised SMEs recognise the importance of exporting to grow their revenues with e-commerce playing a crucial part of this. The merging of digital networks and physical networks has meant the world has become even more connected presenting more possibilities to export – contributing to SMEs growth, while boosting global competitiveness.”