DHL: Firms Eye International Presence
March 17, 2021
released new data on U.S business sentiment that found a positive outlook toward
international trade and travel this year, despite ongoing pandemic-related
restrictions. In fact, most senior decision makers surveyed said their
organization’s recovery from the economic recession caused by the global health
crisis depends on robust international flows of trade, people, information and
Key findings include:
Nearly 9 out 10 decision makers (89%) said that their organization’s economic recovery will rely upon robust international flows of trade over the next 12 months.
An overwhelming majority of respondents (81%) believe their organization’s profitability would increase if the U.S. were to move away from some of the protectionist trade policies of recent years.
“The ability to do business internationally has been crucial to the success of many organizations for a very long time now, and this has only been enhanced by major leaps forward in areas such as technology and travel. The dynamic growth of e-commerce and the way in which it has given entrepreneurs access to a global customer base has demonstrated this,” said Mike Parra, CEO, DHL Express Americas. “DHL is proud to have empowered thousands of organizations in maintaining their operations and serving their customers and communities during this unprecedented time. We look forward to supporting their next phases of growth and innovation as U.S. corporations capitalize on an increasingly positive outlook for business this year.”
Corporate America Keen to Build More Resilient Supply Chains
Our research also revealed executives feel:
Bullish on foreign investment: Businesses are also optimistic about their outlook for foreign investment to grow sales, operations, or their supply network. Over eight in 10 (83%) said they are planning to increase their investment in foreign countries this year. The top region being targeted for foreign investment is North America, a sign that decision makers like free trade. The ratification of the new, modernized trade agreement between the U.S., Canada and Mexico last year brought a measure of economic certainty to the region, stability that was needed to spur investment in new suppliers, new factories, or new customers.
The longing to reconnect, face-to-face: A surprising 44% of respondents believe that their organization is planning to increase international business travel to beyond pre pandemic levels in 2021. This is a positive indicator for the struggling travel industry, particularly considering that a further 41% of respondents’ organizations plan to at least return to pre pandemic levels of travel during the course of this year.
The desire to foster closer alliances: U.S. corporations are ready to recommit with its allies, especially on global issues such as climate change. Respondents see the importance of trying to reverse, or at least slow, changes in the climate, and these efforts would certainly be aided by the U.S. rejoining The Paris Agreement, something that 96% of respondents believe it is important that they do.
the spirit of international cooperation has been strong in the response to the
pandemic. Businesses, government agencies and nongovernmental organizations have
been working across borders to solve problems at scale, such as developing a
vaccine for COVID-19.