Sun Jan 22 2023 10:33:09 GMT+0000 (Coordinated Universal Time) - QikTruck Media
Globalisation has had a vast and ongoing impact on our world. Businesses across the globe, regardless of their size, have been subject to its reach. But, it seems small businesses have been most affected. This is predominantly more evident in South Africa, as the nation is especially exposed to globalisation due to its proximity to the rest of the world.
Around 43% of the workforce in South Africa is employed by Small and Medium Enterprises (SMEs), so it's clear to see how globalisation has had a significant impact on the South African economy.
One of the most visible impacts of globalisation on South African businesses has been within the industry of technological innovation. Due to the country's physical and economic advantages, global technology networks have increased quickly. This has given local companies access to new resources, technologies and ways of working, resulting in an increase in competitive rivalry.
Similarly, globalisation has given South African businesses access to foreign export markets. By accessing these markets, businesses are able to expand their profit margins and increase their sales by taking advantage of lower production costs internationally.
On the flip side, the impact of online technologies and digital media can be quite daunting for traditional companies in South Africa. It's sending shockwaves through the industry as the cost of doing business has increased as a consequence of more competition.
The competition also extends to the workforce, as South African businesses have found it difficult to compete against skilled workers from other parts of the world. As a result, businesses have had to invest in training in order to keep up.
Globalisation has not all been bad news for small businesses in South Africa. The country has become a hub for international investors. The influx of foreign investment has had a positive effect on the economy, and given businesses access to capital.
The investment is not only in the form of money, but also knowledge and expertise. South African businesses stand to benefit immensely from access to advanced technologies and international expertise.
The increased access to global markets has also been a boon for small businesses. Businesses are now able to export their products to countries in Europe and North America, at a cheaper cost than it would have been before. This, in turn, enables local businesses to increase their profits.
“Globalisation has opened up new market opportunity for small business owners. This has enabled them to access larger customer base, increase sales and gain more strategic position.”CapeTalk,
Small businesses in South Africa can benefit greatly by working with a reliable, low-cost freight and transportation company like QikTruck. Our professional and reliable driver service enables small businesses to transport goods to their customers quickly and efficiently. We always strive to provide you with the best service possible, no matter how small or large the job might be.
In addition, we provide an array of features and tools to help our customers make the most of their transportation needs. Our platform includes an easy-to-use dashboard, digitised proof of delivery, real time tracking and much more. This helps small businesses save time and money, as well as provide their customers with a high-quality service.
We understand that small business owners are often looking for the best way to manage their transportation needs. Our aim is to provide the perfect solution for their business. Through our platform, businesses can quickly and easily arrange and manage their freight needs, while keeping their costs to a minimum.
At QikTruck, we are committed to supporting small businesses in South Africa. Our goal is to make their transportation needs easier and safer. Our commitment to low-cost, reliable and efficient transportation is just one way we are making sure this happens.
Globalisation has had a vast and ongoing impact on small businesses in South Africa. The impacts can be both positive and negative, with the increased competition from international markets and technological advancement being a major issue for some. This can be daunting for traditional companies, thus leading to the investment in training for staff.
However, the advantages of globalisation have seen many benefits for small businesses, such as access to foreign export markets, greater amounts of foreign investment, technological advancements and inexpensive transportation services.
QikTruck is dedicated to aiding small businesses in South Africa. By utilizing our platform, small business owners can quickly and easily arrange and manage their freight needs while keeping their costs to a minimum. This helps them maximize efficiency, customer service and profitability.