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Thinking About cross-border trade? 5 Steps to Help you Expand your Retail Business Overseas

In the past, selling internationally was seen as something achievable only for larger companies with international hubs, warehousing abroad, comprehensive back-office support and thousands of employees. However, with the general growth of the global e-commerce landscape and a shift in shopping habits, more and more retailers of all sizes are discovering that going global is not only a possibility, but also a necessity in today’s economy. ... read more

 

Exporting Perils Every SME Should Avoid

With the UK economy thriving, it’s no surprise that many SMEs are looking abroad to expand and grow their business. A fact supported by a report from the American Express FX International Payments which revealed that around 73% of UK businesses are looking overseas.... read more

 

New Markets. New Opportunities.

MINT. Mexico, Indonesia, Nigeria, Turkey. Or maybe it’s CIVETS. Colombia, Indonesia, Vietnam, Egypt, Turkey, South Africa. Either way, for anyone engaged in international business, ‘CIVETS’ and ‘MINT’ are both increasingly shorthand for taking the long view. Rich with possibilities, these young, vibrant new economies are just starting to flex their muscles, but by 2050 many are projected to make up the top 20 contributors to global GDP.... read more

 

Capitalising on a Trade Mission

The previous articles discussed how to prepare for a trade mission: a purpose-designed international business visit often arranged in conjunction with trade bodies, UKTI and partner banks. This article looks at the all-important work that needs to be done during the trade mission and the vital follow up needed to truly capitalise on the experience.... read more

 

The Logistics of International Expansion

Thanks to the growing popularity of online shopping, even the smallest companies now have access to potential customers all over the world. A useful stepping stone for many fledgling businesses is the ability to not only sell through their own e-commerce shops but to also list products on various online marketplaces like eBay and amazon. With more international products available via these channels, consumers are becoming more used to cross-border shopping.... read more

 

Going Global: Top Tips for Businesses Expanding into New Territories

It is not an exaggeration to say that the internet has rewritten the rules on international business. It is now quicker, simpler and more economical than ever before for companies to test out new markets. In fact, the eCommerce export market for the retail, travel, content and leisure sectors is set to be worth £45bn by 2020 - so just imagine what this would amount to if all sectors pursued this opportunity.... read more

 

New flexibilities for General Director Function in Russia

Starting from the 1st of September, a company may have more than one general director, according to the amendments to the Russian Civil Code. Moreover, the number of general directors is not limited. Companies may decide in their charter which transactions may be concluded by a specific general director or which transactions and decisions require the approval of all or several general directors. ... read more

 

Preparing for a Trade Mission — One Week to Go

So far we have looked at what you can do to make the most of your forthcoming overseas business visit. The last week is a crucial time, as you finalise details and ensure you’ve got everything you need. In this final week, the thing you should most often be thinking is “what have I forgotten?”... read more

 

Disruption in the Retail Market: Alibaba’s IPO

It’s not the first time ecommerce giant, Alibaba has flirted with the idea of flotation, but now its plans are firmly laid bare as it has recently announced its IPO.... read more

 

Reduce your currency risk

Foreign exchange risk can be a concern for any company involved in trade across borders. Market volatility, unpredictable in its nature, can significantly affect the value of your investment, but should not be a deterrent to ambitious businesses. Taking a tailored, strategic approach to your currency will ensure you find a solution that manages your risk and maximises your return.... read more