Analyse benefits and drawbacks of globalisation for UK businesses.

Direct answer

Globalisation benefits an independent retailer by expanding product ranges and customer reach, but it also increases competition and pressure on pricing. The net effect depends on the retailer’s ability to differentiate and manage supply chains.

How it works

The benefit comes from access to international suppliers and the ability to offer unique products that attract customers. However, globalisation brings larger competitors and cheaper imports, which can erode margins. A retailer that can create a niche or provide superior customer service may thrive, whereas one that relies solely on price may struggle.