Recent Release | 26 Jul 2023
SMB Ambitions Barometer

Thought Leadership Team
Oxford Economics

Small and medium-sized businesses (SMBs) worldwide are optimistic about their future international endeavors, but have they taken the steps necessary to achieve their goals? What barriers do these businesses face in their efforts to grow?
To better understand SMBs’ ambitions and challenges, Payoneer commissioned Oxford Economics to survey 3,575 SMB entrepreneurs and business owners from 15 countries and a range of goods and services industries. Our research found that while SMBs agree that international development is key to growing their businesses and achieving their goals, many do not feel prepared to tackle the various challenges that come with expansion, from trade regulations and currency volatilities to language and cultural barriers. Still, SMBs remain optimistic: they expect increases in their revenue growth rates over the next two years through a combination of digitization, innovation, and continued support from their governments and business communities.
The experts behind the research
Our Thought Leadership team produces original, evidence-based research made accessible to decision-makers and opinion leaders. Principals for this project included:

Edward Cone
Editorial Director, Thought Leadership

Sundus Alfi
Senior Research Manager, Thought Leadership

Kayla Luparello
Research Associate, Thought Leadership
Tags:
You might be interested in

The Race for Data Supremacy: Achieving decision advantage to deter future conflicts
Oxford Economics, in collaboration with IBM, interviewed government and military officials to understand how data can be used to create a sustainable decision advantage.
Find Out More
Why five years of transforming tax and finance functions is paying off
New tax operating models in the last five years delivered value to businesses, our survey shows. The next five years will add even more.
Find Out More
Beyond Efficiency: Overcoming digital complexity through observability
Digital transformation and accelerated migration to the cloud over the last three years helped keep businesses up and running—even thriving—but these trends also added unprecedented complexity to computing environments. Executives are implementing observability practices to not only overcome that complexity but to gain insights that help their organizations operate efficiently and expand revenue streams.
Find Out More
Five ways to make the supply chain resilient: Thriving through disruption
Even during periods of massive change, there are plenty of opportunities to make supply chains more resilient—and more sustainable—to meet the challenges ahead, if only organizations will take advantage of them.
Find Out More