TridentGLOBAL has recently conducted a survey with 71 Australian exporters, with the Australian Institute of Export, on the issue of International Trade Activities. The survey revealed that increased of international trade had provided exporters opportunities to revamp their current export management practices.
Over 60% of exporters surveyed reported their export revenues increased by more than 25% over the past year, despite the strong Australia dollar. The majority of exporters had remained confident about their future prospects and intended to grow export revenues over the next year.
However, many exporters also were concerned and unprepared to support the increase scale of operations without a corresponding increase in staff numbers. Almost half of the exporters said they still managed global grade and logistics with paper-based procedures, and a third reported that neither workflow processes nor procedures are documented or automated.
Yet, over 60% of Australian exporters are ready to implement improved business systems and technologies over the next year to help address their current challenges in international trade management. A third of exporters are planning to reengineer their business procedures and reduce operational costs. Another third are planning to automate and streamline their distribution and management systems with information technology equipment.
TridentGLOBAL’s survey has reported that a significant amount of exporters found it priority to plan strategic actions related to productivity increase in order to achieve their growth objectives.