Trade Finance: the best digital, international and straightforward provider
The ABC of a good internationalisation strategy
You sell and buy abroad, you test yourself in foreign countries or go into competition with them, you make direct investments there or you go there to manufacture.
But when it comes to foreign countries, in increasingly interconnected markets, we must in any case always count the cost and this presents a challenge - often a difficult one - especially for SMEs.
But internationalising production or increasing exports (and in some cases even imports) are real opportunities that companies have identified for growth.
Just look at the Eastern European markets, which are strategically important because of their economic development potential, as well as Brazil, China, India, Korea, Vietnam, Mexico and central-western Africa.
When companies develop foreign trade, the positive direct and indirect effects can be significant.
Exports and imports are significant drivers for production efficiency, provide a basis for comparison with other organisational models and products, innovation is stimulated, and in addition they obviously support the overall demand for goods and services.
Businesses seem to understand this.
The Companies are choosing to look abroad first of all to export their products or to source raw materials or semi-processed goods more efficiently, but at the same time also to fuel their growth and acquire new skills.
Growth-related factors seem to be increasingly important, particularly for SMEs. This reflects rising appreciation of the opportunities that internationalisation offers.
The processes for expanding beyond national borders are within the reach of businesses of all sizes, but internationalizing a business is not always easy and it is only possible if it is backed by a support structure that can sustain their efforts.
In this sense the bank is a powerful ally when facing a quality leap towards the foreign market.
Furthermore, obtaining credit abroad is a very complex process and having your own bank in your trading partners' country of residence is a considerable competitive advantage.
For their part, banks are always working hard to offer better and better products and solutions to support businesses in their foreign ventures.
Businesses - and especially SMEs - ask their banking partners for risk management, straight-forwardness, speed, support and information on the countries in which they intend to operate.
That translates into services for managing financial flows to and from abroad, financing activities and investments, hedging against risks, financial supply chain management and supporting the company's entry into foreign "production chains".
UniCredit excels in Euromoney Trade Finance Survey 2019