A new global study revealing that business leaders believe expansion into overseas markets will generate the majority of their earnings within the next five years has “clear relevance” for the Channel Islands, according to HSBC’s Head of Corporate and Institutional Banking.
The ‘A Global Advantage’ study involved 1,143 senior decision makers from mid-market enterprises (MMEs) across ten countries, including the US, UK, UAE, and India.
A total of 69% predicted their international earnings will eclipse domestic earnings by 2030, and 77% of executives view international expansion as more important than five years ago.
Two-thirds of the leaders polled are considering global growth to help spread the risk in an increasingly complex economic landscape, and 64% believe global expansion will deliver economies of scale long-term.
Olivier Dardilhac, Interim Head of Corporate and Institutional Banking at HSBC Channel Islands and Isle of Man, explained that the findings should resonate locally.
He said: “As businesses navigate an evolving trade environment, this research highlights the critical role of cross-border trade in driving long-term success.
“There is clear relevance for the Channel Islands and Isle of Man here, as centres that have developed stable and certain platforms, global capabilities, and significant expertise in facilitating international capital.
“These qualities can be hugely attractive as businesses pursue their growth strategies.
“At HSBC, we are committed to supporting those businesses as they expand globally, helping them unlock new opportunities and build resilience in a world that is changing.”
HSBC has also launched an online Global Expansion Assessment tool, designed to reveal the unique factors influencing the international growth of a business.
The full ‘A Global Advantage’ report can be found here.