Global ambitions

Top five major constraints that are testing the mid-market’s ability to grow their businesses internationally.

Brand has been identified as a key driver of mid-market success when looking to grow and develop international business.

Evolving supply chains and trade patterns amid ongoing global uncertainty.

The mid-market looks to international business opportunities for growth.

How can recruitment and retention help grow international business?

The latest International Business Report (IBR) data shows that mid-market businesses have high expectations for global trade.

Mid-market business leaders plan to increase investment over the next 12 months, specifically in technology, research and development and staff.

Optimism among global mid-market business leaders rose to 67% in the first half of this year and they are markedly more optimistic about their prospects with global optimism having increased by 8%.

As mid-markets concerns about a possible global recession have receded, leaders’ expectations for increases in their profits are at an all-time high.

According to the latest data from the International Business Report (IBR), Grant Thornton’s global survey of mid-market companies, business leaders are being cautious about their future investment intentions.

Business leaders currently face a unique set of challenges. In many markets inflation and interest rates are high and, although economic growth is sluggish, employment rates remain high too, meaning that skilled workers continue to be in short supply.

Although there are signs of an improving global economic outlook, mid-market firms are under no illusions about the difficulties ahead.