POSITIVITY LEVELS RISE AMONGST UK SMES - BUT SUPPLY CHAIN
CHALLENGES REMAIN
LONDON, Feb. 27, 2024 /PRNewswire/ -- UK SMEs are feeling
increasingly confident about the future of their businesses,
according to the 'Alibaba.com B2B Sentiment Survey' released today
by Alibaba.com, a leading platform for global business-to-business
(B2B) e-commerce.
The study of more than 500 SMEs across the UK marks March Expo
2024, Alibaba.com's flagship online trade show which aims to
connect buyers and sellers from around the world, helping them to
discover new products and services to grow their business.
According to the research, 68% of UK SME decision-makers
surveyed are more positive* about their business growth
opportunities, compared to last year.
Despite this optimism, over a third (35%) of UK SME
decision-makers surveyed said supply chain/sourcing
challenges/stock availability was the biggest challenge facing
their business over the next year, highlighting the need for
businesses to build relationships with new suppliers.
At March Expo 2024, more 'guaranteed services' will enable
UK SMEs to source even more efficiently, for example by
ordering directly from Alibaba.com without negotiating with
suppliers. This new approach offers B2B buyers guaranteed fixed
prices, on-time delivery, and hassle-free refunds.
In addition, more than one million new products will be
available enabling UK SMEs to bolster their catalogue of unique
products at the click of a button. B2B buyers can connect with
quality suppliers showcasing their factories through livestreams,
and thousands of virtual-reality showrooms. This offers new
opportunities for buyers to establish a global ecosystem of
suppliers seamlessly.
Jijay Shen, General Manager Europe, Alibaba.com, said:
"At Alibaba.com, we're focused on making digital, cross-border
purchasing as seamless as possible. Through a range of new tools
and services, we are optimising and streamlining the entire
sourcing journey for SMEs."
March Expo starts on 1st March on Alibaba.com.
-End-
About Alibaba.com
Launched in 1999, Alibaba.com is a leading platform for global
business-to-business (B2B) e-commerce that serves buyers and
suppliers from over 200 countries and regions around the world. It
is engaged in services covering various aspects of commerce,
including providing businesses with tools that help them reach a
global audience for their products and helping buyers discover
products, find suppliers and place orders online fast and
efficiently. Alibaba.com is part of Alibaba International Digital
Commerce Group.
Notes to Editors
The research was conducted by Censuswide, among a sample of 500
decision makers (aged 18+) in SMEs who are responsible for sourcing
in companies with under 150 employees across the UK (excluding sole
traders).
The data was collected between 08.02.2024 – 14.02.2024. Censuswide abides by and employs
members of the Market Research Society and follows the MRS code of
conduct which is based on the ESOMAR principles.
*More positive= Significantly more positive and Somewhat more
positive combined.
*Priorities= Significant priority and Somewhat of a priority
combined.
*Agree= Strongly agree and somewhat agree combined.
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