In this assignment we will discuss about UK-SME and below are the summaries point:-
The report focuses on the expansion of UK SME in China to provide UHT milk for children aged 3 to 11 years.
The UK's annual UHT output is roughly 120 million litres, but the yearly UHT consumption is approximately 240 million litres, indicating a need for imports.
China's share in the global dairy market has increased from less than 5 percent in 2002 to 12 percent in 2016, with pre-packaged UHT milk accounting for a significant portion of imports.
There is a good opportunity for UK's SME of UHT milk to expand in China due to higher customer demand and low competition in the Chinese dairy market for UHT milk providers.
The technological infrastructure of China, including e-commerce platforms like Baidu and Alibaba, can assist UK's SME in expanding its sales in China.
Recommendations for UK-SME to effectively expand its business in China include value-based pricing, product development, social media marketing, and franchising strategies in short and long-term perspectives.