Providing greater support to businesses
Addressing this issue, by providing greater support to businesses as they expand overseas, is therefore crucial. Third parties such as banking advisers, with access to global networks of partners and connections, may be able to play a crucial role in introducing exporters to trusted contacts that are able to help them expand in markets with exciting growth prospects.
Such support will also be crucial in helping businesses that do not currently export begin to explore opportunities to trade overseas. Amongst domestic businesses with no overseas sales to date.
- 34% say that a lack of reliable representation overseas is an obstacle to expanding internationally.
- 32% cite an inability to contact potential overseas customers.
For both domestic only and experienced international businesses, making these trusted connections is a crucial step towards overseas growth. Only when UK businesses build relationships they can rely on, both in the supply chain and amongst customers, will they have the confidence to pursue their international ambitions.
This is where we can help. Working closely with our ecosystem of global partners to support UK business making the right connections in markets around the globe. Alongside this through our connectivity initiatives, we can connect your business with trusted partners in markets that provide the best opportunities for growth. As an example of this, in November, via our Trade Club Alliance network, we will connect around 150 buyers and sellers in the food and drink sector, from 6 countries at a virtual trade fair.
If you are interested about finding out more about how Santander can help your businesses open up global market opportunities, please get in touch at email@example.com
To hear more, listen to our podcast where we’re joined by Nathalie Lopez-Granier, Business Development Manager, Sutralis and Richard Bartlett Director., Export Unlocked.