Whilst developed economies remain key markets for UK manufactured exports, companies are expanding their horizon to take advantage of growth opportunities spanning every continent.
Tracking the Export Journey reports that some manufacturers looking for future growth are becoming more strategic in their pursuit of new customers by proactively targeting markets rather than reacting to potential opportunities. Others are building greater resilience by expanding the number and range of markets they sell to.
There are, additionally, a whole range of challenges and management requirements to address in order to build sustained relationships with overseas customers. While this process can take time to deliver results, it is these efforts that will help to sustain a stronger and more balanced recovery for the UK.
Through in-depth discussions with high-performing exporters, we report on the journey that many companies are embarking up to grow their presence in overseas markets.