1 min. reading

French SMEs Insist Their Growth Depends on Access to Single Market

French SMEs are increasingly dependent on access to the European Single Market for their financial performance, with over 86% stating it is vital for their growth.

French SMEs Insist Their Growth Depends on Access to Single Market
Source: Depositphotos

The Single Market, comprising 99.8% of enterprises, provides 42% of France’s GDP output, and employs 52% of private sector workers. However, 69% of SMEs surveyed cited different regulations among EU states as a hindrance to their expansion.

85% of respondents believe employing digital technologies could increase their sales in this sector. Aligning and simplifying policies among EU countries could release the true potential of the Single Market, potentially resulting in a 0.6% annual increase in French GDP per capita and creating 160,000 new jobs.

Source: Depositphotos

Digitalization supports SMEs’ development and boosts export capabilities, but French SMEs lag behind their EU counterparts in e-commerce adoption. The report offers several recommendations to increase SMEs’ involvement in the Single Market, including prioritizing EU integration, creating a single VAT ID, and embracing digital labeling as a viable replacement for real labeling.

Share article
Similar articles
Black Friday 2024 E-commerce Trends: Part 2
3 min. reading

Black Friday 2024 E-commerce Trends: Part 2

Let’s build on what we covered earlier and explore more trends and strategies that will make a real difference this Black Friday 2024. These next-level approaches will help you create a shopping experience that not only engages customers but also boosts your bottom line.

Read article
7 Powerful Social Proof Strategies to Boost E-commerce Sales
3 min. reading

7 Powerful Social Proof Strategies to Boost E-commerce Sales

Ever wondered why some online stores seem to effortlessly attract customers while others struggle? The secret might be simpler than you think: it’s all about social proof. In this guide, we’ll dive into the world of e-commerce psychology and explore seven powerful ways to use social proof to your advantage. From harnessing the power of […]

Read article
Bridge Now

Latest news right NOW

10+ unread

10+