INTERNATIONAL: Stanton Chase sees large rise in cross-border business
Fri, 9 March 2012
Executive search firm Stanton Chase reports a 47% increase in searches conducted between countries last year compared to the previous year.
Vice chair of regions at the firm, Fiona Lavan, reports that increased international expansion among industrial and manufacturing firms, including capital & industrial equipment, chemicals, electronics & electrical equipment and engineering & construction, was the biggest driver for this growth, where cross-border search nearly doubled.
Lavan says that this “continues a trend we have seen for the past decade – but 2011 was a dramatic jump,” with an overall 35% growth in cross-border searches between 2001-05 and 2006-10.
She adds that the EMEA region “was the most active cross-border business zone in 2011”, both in terms of business being done between countries in the region and with other regions.