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

thumbnail
hover

How small businesses can navigate global...

Micro, small, and medium-sized enterprises represent the vast majority of businesses worldwide and are vital to global employment, yet they ...

thumbnail
hover

Equipping SMEs with the skills to...

SMEs and entrepreneurs heavily depend on skills to stay competitive and face greater challenges than larger firms in accessing and retaining...

thumbnail
hover

The future of entrepreneurship with AI

AI-native startups are redefining the nature of entrepreneurship through accelerated scaling. With leaner teams, evolving funding dynamics, ...

CLOSE
CLOSE