International trade is an essential part of the modern, globalized world. It allows businesses to reach new markets, whilst allowing consumers access to goods or services that otherwise may not have been available domestically. Whilst supply chains are often complex and span the globe, businesses view the need to import, export and reach consumers and end users in new geographies as a business imperative. And despite recent disruptions, the outlook for global trade remains positive.
- According to the IMF’s World Economic Outlook Update from January 2021 global trade volumes are forecast to grow approximately 8% in 2021 and by 6% in 2022
- The World Bank has published that global GDP is expected to grow by 4% in 2021 and 3.8% in 2022
Meanwhile the international compliance landscape continues to evolve and the rules and regulations governing products placed on the market can vary from one country to another. It’s therefore important that businesses can effectively navigate this landscape to remain competitive, achieve their growth ambitions and to be resilient.
What is Market Access?
Market access is the process of understanding and implementing all applicable regulations and managing product compliance in accordance with those regulations in order to access certain markets.
In essence, market access is about getting the right product or service to the right market, in line with the right regulations, all in a timely manner.
Although the processes that need to be followed may vary, they are designed to help give confidence to consumers, end users, regulatory authorities and manufacturers that the correct product requirements have been met. When an organisation has the processes in place to achieve and manage product compliance in an efficient and effective manner it can benefit by:
- Speed to market with quality products
- Competitive advantage
- Greater market share
- And ultimately building greater organisational resilience
Why BSI?
We are committed to working with you to build a trusted partnership as you grow your business for the long-term. When you need to keep up-to-date and comply with the latest regulatory requirements BSI is ideally placed to support your market access needs. With 83 offices worldwide our global reach combined with our local presence means we are never far away and always on hand to work with you. What’s more, our teams of trusted experts have an in-depth knowledge of standards and market access requirements that can enable you to successfully navigate the evolving regulatory landscape so your business remains resilient.
At BSI, we understand that having confidence in your Notified Body to deliver an efficient and robust CE marking service is important. BSI is ideally placed to work with organizations who need to access multiple markets and we can offer a transfer service with comprehensive support so as to reduce the risk of any disruption to your business.