Amid growing uncertainty about the future of the economy due to the impact of the new coronavirus, the percentage of Japanese companies operating overseas that said they would expand their business was the lowest ever. JETRO = I found out in a survey by the Japan External Trade Organization.
This survey was conducted from October to December last year, targeting Japanese companies expanding overseas, and 2722 companies responded.
According to this, 64% of the companies answered that the new Corona will have a negative impact on overseas business, and the average overseas sales decline is expected to be 38% this year.
Amid strong uncertainty about the future of the economy, when asked about the policy of overseas business for the next three years, only 43% of the companies answered that they would "expand", which was the format of the current question in 2013. It has been the lowest since.
In addition, about 40% of companies said that they would review their overseas sales strategies, and as a concrete response, multiple answers were given.
▽ The most frequent review of sales destinations was 60%, and
▽ Utilization of online business meetings was 38%. ,
▽ Utilization of online sales for overseas is 30%.
Hirotoshi Ito, chief of the JETRO International Economics Division, said, "I would like to support companies that are motivated to expand overseas by utilizing online, etc., even if the infection cannot be expected to converge."