26/04/2011
Businesses that trade internationally could see a boost in the coming months as export figures show a rise.
A report from the Office for National Statistics suggested that in the past year alone, the export market grew by 11.5 per cent - and the import market by 11.7 per cent.
The figures demonstrated a promising outlook for British businesses trading in the export market, with many using the opportunity to grow their businesses.
As a result, several are expected to look at invoice factoring or sales finance options to provide a cash flow injection. These would help them cultivate their businesses further.
Following the announcement, transport company DHL Express conducted a survey of 500 companies to see how they viewed their future. Of those surveyed, 46 per cent expected to see growth in their industry, and 43 per cent anticipated the figures would remain constant.
Only 11 per cent expected to see a decline.
The 2012 Olympics has reportedly played a huge role in business modelling for the year ahead, with companies expecting to see a greater global demand for British goods.
Of those who had forecast growth for 2012, 61 per cent said they expected sales growth and 55 per cent expected profit growth.
The CEO of DHL Express UK and Ireland, Phil Couchman, told Fresh Business Thinking what this means for businesses and for couriers: "The international express market is recovering from a turbulent period."
"Businesses altered their trading patterns over the past few years to cut costs which had a direct effect on shipments."
Couchman added that despite previous uncertainties, the recent figures have shown a very promising future. He stated on SmallBusiness.co.uk: "It's extremely promising to see UK businesses are confident about their future."
"Home-grown businesses are vital to the UK economy."
David Howells