Barclays: Supply chain at the forefront of retailers’ minds following Brexit vote… - The Retail & Hospitality Design Forum
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  • Barclays: Supply chain at the forefront of retailers’ minds following Brexit vote…

    A survey carried out after the EU referendum by Barclays has shown that many retailers are already reviewing how their supply chains operate as a result of the Brexit vote; suggesting the origin of products on British shelves could potentially change to suit any upcoming changes.

    With this said, in a potentially positive sign for the British economy, 32 per cent predict that they will source more from the UK, with only 12 per cent expecting a reduction. Asia could also reign supreme; 52 per cent expect to increase supply chain activity in India and 43 per cent in China.

    However, the research did encounter mixed opinions amongst retailers when considering the effect of the referendum vote on their supply chains. Although 52 per cent think that their business is unprepared for Brexit, a small majority (56 per cent) believes that Brexit will have no real impact (41 per cent) or a positive impact (15 per cent) on their supply chain.

    Read more on the research here

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    Jack Wynn

    All stories by: Jack Wynn

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