The study showed that 39% of fast-growing companies (those expecting greater than 15% growth over the next two years) consider trade compliance to be a competitive advantage and not only a regulatory requirement, compared to 22% of slower-growing companies (those with less than 5% growth expectations).
Furthermore, 57% of companies surveyed believe technology is also very or extremely important for competitive advantage in trade compliance strategies (see Figure 1). This view is even more pronounced in growth businesses versus non-growth companies: 72%, or almost three quarters, of fast-growing companies believe technology is a valuable competitive differentiator, compared to just 41% of businesses predicting shrinking, limited, or no growth.
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