Ayuba Ernest
Banned
Businesses have always been affected by the economy, and when there’s a recession, businesses feel it more. The global recession of 2009 had a significant impact on international businesses. Suddenly, people were buying less, and companies had to find ways to stay afloat. For international businesses, this often meant going digital.
The internet has made it easier for companies to connect with new customers all over the world. It’s also given companies the ability to sell products and services online, which has led to a increase in international trade. In fact, e-commerce is projected to grow by 20% by 2030.
There are a few reasons why companies are increasingly turning to digital tools and platforms to conduct their business. Firstly, the widespread use of the internet and mobile devices has created a global audience for businesses to engage with. Secondly, technological advancements have made it easier and more affordable for businesses to communicate and collaborate with stakeholders around the world. And thirdly, digital platforms provide opportunities for businesses to expand their reach and grow their customer base.
The internet has made it easier for companies to connect with new customers all over the world. It’s also given companies the ability to sell products and services online, which has led to a increase in international trade. In fact, e-commerce is projected to grow by 20% by 2030.
There are a few reasons why companies are increasingly turning to digital tools and platforms to conduct their business. Firstly, the widespread use of the internet and mobile devices has created a global audience for businesses to engage with. Secondly, technological advancements have made it easier and more affordable for businesses to communicate and collaborate with stakeholders around the world. And thirdly, digital platforms provide opportunities for businesses to expand their reach and grow their customer base.