Recent research by the European Commission shows that small and medium-sized enterprises (SMEs) play a fundamentally important role in Europe's economy. Indeed, the Commission considers SMEs and SME entrepreneurs as “key to ensuring economic growth, innovation, job creation, and social integration in the EU*”.
As a leading provider of international shipping services, FedEx recently commissioned a research study carried by Harris Interactive to increase understanding of the trends and challenges that SMEs face across Europe.
Just look at these key findings from their report:
- Only 38% of SMEs are currently ‘internationally active’ i.e. exporting products to at least one other country;
- Faster-growing SMEs (52%) are almost twice as likely to export as SMEs that are in decline or static (28%), highlighting the importance of exports for successful businesses;
- SMEs that export are typically more positive about future business performance (60% of them expect revenue growth in the next year) than those that do not export (48%);
- The typical frequency of exports to European and global markets ranges between weekly and monthly - the vast majority ship less than 20 times each month;
The average value of shipments is high, generating on average over € 604,000 revenue p.a., for European exports and almost € 647,000 p.a. for exports to global markets. Add to the above the fact that as more and more import-export business is now being handled online and that physical size or location is no longer a barrier to doing business internationally, the future looks bright for go-ahead SMEs and entrepreneurs.
Download the European SME Export Report to read more.
Meanwhile, thanks to the FedEx network of logistics specialists throughout the world we’re uniquely well placed to spot and track new commercial trends in every country and economic sector. So don’t hesitate to seek our help and advice on how to pursue new business opportunities for your particular company.