
How Small Businesses Are Preparing For Potential Global Volatility
Companies across the country and around the world are facing rising operational costs and economic uncertainty, including concerns about tariffs and consumer confidence. While this combination of factors may not seem like a recipe for growth and bold action, many U.S. small businesses are doing just that—seizing new technologies, tapping into global markets and using their agility to adapt and succeed.
Results from a recent survey by my company of hundreds of U.S. small- and medium-sized enterprises (SMEs) may offer some encouragement and strategic direction for your own business as you navigate a complex economic environment, one largely defined by the uncertainty of ongoing global trade negotiations and the threat of rising tariffs.
What The Survey Says
Not surprisingly, most SMEs point to operational costs as the top challenge this year, with 57% of respondents citing increasing costs as the biggest issue, and 10% cited talent acquisition and management as the greatest concern.
But instead of hunkering down and waiting for market outlooks to improve, most small businesses said they were taking concrete, proactive steps to scale up and manage forward to achieve growth. Those steps include laser-focused cost control (28%), smarter supply chains (15%) and market expansion efforts (18%). In fact, 68% of responding SMEs say they are meeting or beating their financial expectations today, even in a difficult economy, by embracing these tactics.
Despite trade policy changes and tariffs presenting difficulties, most small companies are still planning to pursue global trade as part of their overall business strategies. In other words, they are mitigating risks by diversifying their market presence. European markets are considered key for a majority of those surveyed (35%), followed by Asia (28%) and Latin America (25%). At the same time, data shows that India, Vietnam and the Philippines are expected to lead global trade growth, and so these markets offer critical opportunities for SMEs looking to de-risk their domestic dependency.
What Small Businesses Can Do Next
Since cost control and operational efficiency are so critical, many small businesses are researching how they can better use technology to enter new markets with minimal expenditures. They're prioritizing three key areas: low-cost but reliable international e-commerce platforms; AI integration to enhance customer service and fulfillment; and logistics technology to manage shipments, navigate customs complexities and calculate duties and taxes more accurately.
In fact, for your company, sound research and due diligence can make all the difference on multiple fronts. When it comes to technology, your business should examine how new tools, including AI-powered solutions, can help meet the e-commerce challenges that come with global markets.
Looking Beyond U.S. Borders
This includes the language needs of international customers as well as the creation of marketing and website content that is culturally appropriate to the country where you are doing business. AI-powered chat services and AI-powered product research could also provide assistance in meeting customer service needs more efficiently.
It has always been true that entering or expanding into new international markets requires careful planning and research. Today, this core business principle is more applicable than ever. By carefully examining the cross-border markets you aim to target, understanding how your products align with these markets and analyzing specific barriers to trade (including potential new tariff threats), your company can minimize costly moves into unprofitable regions.
Your in-depth research should look at market conditions, consumer (or business customer) demand or interest in your products, competition, e-commerce usage trends and current or pending trade rules and regulations.
Tap Into Trusted Resources
While the issues involved are complex, multiple resources are available to help small businesses acquire and interpret relevant information. The U.S. International Trade Administration, the United States Census Bureau and the U.S. Small Business Administration each offer access to detailed market intelligence, strategic guidance and new market trends. U.S. Customs and Border Protection provides information about importing and exporting, including explanations of current free trade agreements and foreign regulations.
Choosing The Right Transport Mode For The Job
Your business will also need to thoroughly research logistics options in order to achieve efficiency, avoid costly compliance errors and meet customer expectations. An experienced logistics partner can provide support and information on specific regulations by country, offer smart warehousing options and provide tools to track shipments, calculate duties and taxes that keep customers informed in real time.
Whether exporting or importing, it's critical to understand what mode of transport will be best for certain products. Your logistics partners can assist in making this determination, which will depend on time constraints and needs, as well as budgetary considerations. For e-commerce companies exporting directly to consumers, offering expedited shipping options will be critical to compete and meet the growing demand for quick delivery.
In the face of big economic changes, small businesses across the U.S. are looking to adapt and grow with a focus on global trade. To keep up with the competition, it's time to explore your own international trade options.
Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
Walmart, Target earnings will reveal how tariffs are shaping US spending
Walmart, Target, Home Depot, and Lowe's are all set to report this week, delivering the clearest look yet at how inflation and tariffs are reshaping U.S. consumer behavior — and what that means for the broader economy. Why Q2 is likely to be more revealing than Q1 First-quarter results offered only limited visibility into President Donald Trump's second-term tariff blitz, launched in early April, as many companies were still working through pre-tariff inventory that helped shield margins. This meant the fallout was mostly telegraphed in executive commentary , not evidenced in the numbers. But now that cushion is disappearing. As retailers cycle through higher-cost goods, strike new supplier deals, and get a look at freshly imposed tariff rates, this quarter is likely to reveal just how much power they really have to keep costs down or pass them on. As results filter in throughout the week, Wall Street will also get a glimpse at whether consumers are willing — or able — to foot the bill, as some chains look to pass on the higher prices to Americans across the income spectrum. DIY retailers up first Home Depot and Lowe's will kick things off Tuesday and Wednesday, respectively, with investors watching for signs of a possible rebound after a somewhat disappointing spring . Credit card data shows Home Depot's sales were largely flat year-over-year , while Lowe's eked out modest gains. Both chains are seeing demand skew toward professionals rather than homeowners, as high mortgage rates — still hovering near 7% — freeze the housing market and suppress big-ticket DIY purchases among individual households. Target and Walmart up next Target, reporting Wednesday, is arguably in an even tougher spot. High-income customers are pulling back, store traffic is falling, and margins are under pressure. Last quarter's results missed the mark , and the company is facing growing price sensitivity just as it's being asked to absorb rising costs. Its affluent, discretionary-heavy customer base — a strength in boom times — has more recently become a liability as trade wars, inflation, and recession fears encourage customers to tighten their belts, not open their wallets for impulse purchases. Walmart, for its part, looks to be thriving amidst the chaos. Earnings are due Thursday, and investors expect more gains in grocery and essential items like socks and shampoo, especially as higher-income shoppers trade down amid amid macro uncertainty. Long a deflationary force in U.S. retail, Walmart has recently begun raising prices. This shift is likely to have broad implications because, as the nation's largest retailer, Walmart's moves may give competitors permission to follow suit. Retail stocks' performance largely lags the market While Walmart's stock is up 10% year to date, Target, Home Depot, and Lowe's have not been so fortunate. Shares of Target have fallen some 23% thus far in 2025. Shares of the nation's largest DIY retailers have fared better, even as they've underperformed the broader market, rising around 2%, respectively, against the S&P 500's 10% gains.
Yahoo
28 minutes ago
- Yahoo
The Hershey Company Appoints Natalie Rothman as Chief Human Resources Officer
Seasoned HR Executive Brings 25+ Years of Leadership Experience in Building High-Performing Teams and Modernizing HR Operations HERSHEY, Pa., Aug. 18, 2025 /PRNewswire/ -- The Hershey Company (NYSE: HSY) today announced the appointment of Natalie Rothman as Chief Human Resources Officer, effective August 18, 2025. Rothman will lead Hershey's global human resources function and report to President and Chief Executive Officer Kirk Tanner. Rothman brings exceptional leadership credentials as a two-time CHRO and public/private company board member with over 25 years of human resources experience. She is recognized for building high-performing teams and modernizing HR operating models, with particular expertise working with hourly, frontline workforces across diverse industries, including consumer products, retail, food service, automotive and beauty. "We are excited to welcome Natalie to Hershey," said Tanner. "Her proven track record of transforming HR functions at major organizations, combined with her deep expertise in developing talent and inspiring thriving cultures, makes her the ideal leader to advance our people strategy. Natalie's experience preparing companies for significant growth milestones will be invaluable as we continue to expand our global footprint and strengthen our position as a leading snacking company." Prior to joining Hershey, Rothman served as CHRO at Inspire Brands, where she modernized the company's HR operations through business process automation and AI tools. Previously, as CHRO at Advance Auto Parts, she led comprehensive business transformation efforts to drive cultural change, grow talent and build organizational capabilities through technology-enabled solutions. Rothman is a member of the New York and New Jersey Bar and the Human Resources Policy Association. She currently serves on the boards of Udemy (NASDAQ: UDMY), Pearce Services, and is an Advisory Board Member at Emory Goizueta Business School and New Mountain Capital. About The Hershey CompanyThe Hershey Company is an industry leading snacks company known for making more moments of goodness through its iconic brands, remarkable people and enduring commitment to doing the right thing for its people, planet, and communities. Hershey has more than 20,000 employees in the U.S. and worldwide who work daily to deliver delicious, high-quality products. The company has more than 90 brand names in approximately 80 countries that drive more than $11.2 billion in annual revenues, including Hershey's, Reese's, Kisses, Kit Kat®, Jolly Rancher, Twizzlers, and Ice Breakers, and salty snacks including SkinnyPop, Pirate's Booty and Dot's Homestyle Pretzels. For over 130 years, Hershey has been committed to operating fairly, ethically and sustainably. The candy and snack maker's founder, Milton Hershey, created Milton Hershey School in 1909, and since then, the company has focused on helping children succeed through equitable access to education. To learn more visit Follow: View original content to download multimedia: SOURCE The Hershey Company Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28 minutes ago
- Yahoo
Here's Why Willis Towers Watson (WTW) is Still a Great Buy
Parnassus Investments, an investment management firm that focuses on owning a concentrated portfolio of U.S. large-cap stocks, released its Parnassus Value Equity Fund second-quarter 2025 investor letter. The full letter is available for download here. For the second quarter of 2025, the fund reported a net return of 7.24%, outperforming its benchmark, the Russell 1000 Value Index, which returned 3.79% for the same period. The fund's top 5 holdings are also listed in the letter, showing the firm's main investment positions heading into 2025. One of the companies mentioned in the letter is Willis Towers Watson Public Limited Company (NASDAQ:WTW). Willis Towers Watson Public Limited Company (NASDAQ:WTW) operates as an advisory, broking, and solutions company worldwide. Over the past month, Willis Towers Watson Public Limited Company (NASDAQ:WTW) rose by 8.82%, and its shares gained 16.65% of their value over the last 12 months. On August 15, 2025, Willis Towers Watson Public Limited Company (NASDAQ:WTW) shares closed at $330.50, with a market capitalization of $32.126 billion. Here is what they have to say about Willis Towers Watson Public Limited Company (NASDAQ:WTW) in their investor letter: "Willis Towers Watson Public Limited Company (NASDAQ:WTW) has underperformed peers due to past merger disruptions, but the company is now showing signs of stabilization, with organic growth and margins improving. Global scale, high client retention and strong brand reputation have contributed to the company's competitive advantages, which were further enhanced by recent leadership changes and strategic hires. Additionally, the company is less sensitive to insurance pricing cycles due to its revenue mix that skews toward large clients and fee-based income, making the stock an attractive defensive investment." Here's Why Willis Towers Watson (WLTW) is Still a Great Buy Willis Towers Watson Public Limited Company (NASDAQ:WTW) is not included in our list of the 30 most popular stocks among hedge funds. According to our data, 57 hedge fund portfolios held positions in Willis Towers Watson Public Limited Company (NASDAQ:WTW) at the end of the first quarter of 2025, up from 48 in the previous quarter. WTW beats earnings expectations as it reported an EPS of $3.31, above expectations of $2.65. While we acknowledge the potential of WTW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Willis Towers Watson Public Limited Company (NASDAQ:WTW) and David Abram's views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data