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