How Global Small Businesses Stepped Up Their International Sales To Survive the Global Pandemic

©iStock/ChrisGorgio

Due to the global pandemic, more small businesses spread their wings to sell around the world, new research from the UK shows.

• Two thirds of SMEs (66%) recorded an increase in online sales from overseas
• Three quarters (73%) said the ability to transact business abroad was a financial lifeline
• Most (68%) expect to continue selling abroad – more than before the pandemic
• But it's still a tough environment for SMEs as overall earnings drop by 43%

A rapid acceleration of digital online sales helped drive this, but the shift online also helped open up conversations that people were now willing to have remotely. 

There is increased optimism in spite of challenges.  Read more here.