Industry stakeholders consider international expansion amidst steady sales

As the sun sets on another successful Miami International Boat Show 2024 (MIBS), industry insiders echo a sentiment of cautious optimism intertwined with pragmatic foresight. Amidst the bustling and diverse attendance to view this world-class showcase of maritime innovation and luxury, conversations with boat builders and stakeholders reveal a nuanced outlook towards the future of the industry.

 

Attending MIBS, Julie Balzano, an international export consultant and member of GMBA, seized the opportunity to converse with various boat builders and industry stakeholders during her presence in Miami. Here, she shares her personal takeaways and observations from the event.

 

The prevailing mood at MIBS reflects a blend of robust energy and steady sales. Builders continue to command premium prices for their products, indicating a sustained demand for quality craftsmanship and innovation, at least for the immediate future. However, the collective sentiment of optimism is tempered by pragmatism, as industry leaders recognize the need to adapt and diversify in a rapidly evolving landscape. The proactive stance adopted by many underscores a resilience and determination to navigate the challenges on the horizon.

 

Builders and stakeholders alike are not oblivious to the signs of a predicted slowdown in the domestic US market. This foresight has spurred many to consider opportunities beyond US borders, exploring international markets in search of growth avenues.

 

“I work with several clients who are embracing this shift towards international expansion,” notes Julie. “From growing their international sales network to ramping up global marketing efforts and exploring overseas trade shows for new market entry, many businesses are gearing up for what lies ahead.”

 

The future may be fraught with uncertainties, but with foresight and adaptability, stakeholders remain steadfast in their pursuit of sustainable growth and success in the global marketplace. This is where the expertise of consultants and industry professionals at GMBA becomes invaluable. 

 

Discover more about Julie and our dedicated team at: www.gmba.blue/our-team/

Julie Balzano, GMBA Latin America

Tel: +1 305 7410336
Email: julie.balzano@gmba.blue

 


Disclaimer: Global Marine Business Advisors is a registered legal entity and is a network of independent marine industry advisors. In all articles the opinions expressed are those of the author and does not necessarily reflect those of GMBA.