Despite ongoing uncertainty in global markets, mid-sized companies in the Americas are determined to grow their overseas presence over the next five years, according to a survey by KPMG.
Among mid-sized companies that are active abroad, 58 per cent plan to expand their global presence while more than two-thirds (68 per cent) expect to see increased revenues from foreign operations over the next five years.
"With the value of exports to the United States softening and the wavering U.S. market, mid-sized Canadian companies are looking elsewhere for potential growth opportunities," said Dennis Fortnum, Canadian managing partner at KPMG Enterprise. "Emerging markets in Asia, South America and the Middle East are appealing because of their low-cost sourcing, high-growth sales and expansion opportunities."
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