A latest report has revealed that nearly nine in ten small and medium sized enterprises (SMEs) are looking to expand into the digital world.
The Q4 2017 SME Growth Tracker report, carried out by Capital Economics and commissioned by Amazon UK and Enterprise Nation, found that as many as 88% of these smaller sized businesses expect to be selling goods online, compared to 65% who say they sell online today.
According to the data taken from 1,000 UK SMEs, businesses who use e-commerce predict faster revenue, as well as greater job creation over the coming year.
Doug Gurr, UK country manager, Amazon, commented, “The contrast in performance between businesses who use e-commerce and those that don’t is significant, so it’s reassuring for the UK economy to see small businesses investing in digital.
“The impact digital tools and services have on a small business cannot be underestimated. They can improve productivity, boost revenue growth and provide real export power for SMEs. That’s why next year we’ll re-double our efforts to help businesses of all sizes embrace the digital economy, with programmes like the Amazon Academy, to ensure the UK remains globally competitive long term.”
Emma Jones MBE, founder of Enterprise Nation, added, “With the uncertainty of Brexit and the turbulence of the global economy, small business owners understand the need to adapt and innovate to stay ahead of the curve, and digital adoption is a key enabler of this.”
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