Report highlights:

• 73% of respondents will continue or plan to increase international activities over the next six months. 

• Nearly 78% believe that doing international business is good for their organization. 

• 76% of respondents do not agree that it is too risky to do business with international counterparts. 

• Almost 70% of respondents have a positive view on their organization’s performance globally.

WASHINGTON D.C. – October 6, 2022 – Factum Global, an international consulting firm that specializes in helping organizations expand and operate across global markets, conducted their bi-annual Factum Global Business Sentiment Survey to assess the outlook for global business. 

Amid uncertain macroeconomic forecasts and geopolitical concerns, 73% of business executives maintain a positive global business outlook. Key insights include the importance of continued global connectedness and collaboration, the need for greater innovation to adapt to environmental change, and enthusiasm for continued international activities despite mixed feelings on current global macroeconomic conditions. 

“While some prominent executives have recently alluded to the ‘end of globalization’ and trends towards isolationism, we now have data to show that this is simply not the case,” said Francisco Gomez, Founder & CEO of Factum Global. “The results of the survey demonstrate a sense of enthusiasm and adaptability in conducting business around the world.” 

Respondents agree that the impact of public health crises and geopolitics on trade and the supply chain encourages greater innovation to do business globally, as well as create new international alliances. 

“The results of this important research demonstrate that globalization is indeed good,” said Doug Bruhnke, Founder & CEO of Global Chamber® “By working internationally, companies increase growth potential with broader access to new deals, diversity of skilled workers, innovation, and partnerships.” 

The Factum Global Business Sentiment Survey, conducted in collaboration with Global Chamber® from August 17, 2022, to September 9, 2022, was answered by 174 executives (Director level to C-Suite). Respondents represented a range of industries, company sizes, and functional specialties. 53% of respondents were U.S.-based, from small and medium-sized enterprises (SMEs).