When intentions become reality When intentions become reality
Page 1 of 2 12 LastLast
Posts 1 to 10 of 19
  1. #1

    More fingers than teeth

    scooterscot is a fount of knowledge

    scooterscot's Avatar
    Join Date
    Nov 2005
    Location
    Anywhere that is not broken Brexit Britain
    Posts
    19,557

    Default When intentions become reality

    Put fingers in ears and repeat 'la la la la la I'm not listening to you'

    European businesses turn their backs on British suppliers



    Almost half of European businesses with British suppliers are finding replacements elsewhere in the EU, according to research underlining the threat that Brexit poses to exports.

    The Chartered Institute of Procurement and Supply, after surveying more than 2,000 supply chain managers, said that its findings demonstrated that the “separation from Europe is already well under way”.

    Bosses are not waiting for the outcome of Article 50 talks before shielding their businesses from the potential impact of tariffs, customs procedures and regulatory hurdles.

    The institute said that European businesses were more confident that they would be able to adjust to a hard Brexit by “reshoring” their supply chains within the single market. Forty-six per cent said that they expected a greater proportion of the supply chain to be outside Britain, with 28 per cent saying that they intended all of their supply chain to move to the Continent.

    On the other hand, 32 per cent of British businesses with suppliers in the bloc are looking for replacements within the UK.

    Britain’s exporting industry is highly dependent on importing intermediate goods, or components for other products, from the European Union, according to OECD data.

    Britain imports intermediate goods worth the equivalent of 17.6 per cent, higher than most other big economies. Almost half of Britain’s trade in intermediate goods and imports are with the EU, according to a study by Alicia García-Herrero and Jianwei Xu for the Bruegel think tank.

    Gerry Walsh, the institute’s chief executive, said: “Diplomats either side of the table have barely decided on their negotiating principles and already supply chain managers are deep into their preparations for Brexit. Both European and British businesses will be ready to reroute their supply chains in 2019 if trade negotiations fail and are not wasting time to see what happens.

    “The separation of the UK from Europe is already well under way.”

    The threat posed by Brexit to international supply chains was demonstrated by Nissan’s hesitance to invest in producing its new Qashqai cars at its plant in Sunderland. It committed to the investment after receiving assurances from the government that its competitiveness would not be damaged by Britain’s withdrawal.

    The British car industry, in particular, is facing changes to its supply chain. The Society of Motor Manufacturers and Traders calculates that on average 41 per cent of a car leaving a British factory is made up of components manufactured in the UK.

    Mr Walsh said that companies were being forced to renegotiate contracts because of the slump in sterling.

    “We have already seen high-profile disputes between British retailers and their suppliers as a result of currency fluctuations,” he said. “We now know that this pattern is being replicated across the UK and is likely to escalate.

    “The reshoring of British supply chains in advance of Brexit could provide an excellent opportunity for small businesses looking to win new contracts, but it also comes with significant challenges.

    “Brexit is likely to bring considerable costs for businesses in the UK and Europe. These costs are then going to be passed on to small suppliers and eventually consumers.”

    You are logged in as a registered user
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  2. #2

    Old Greg is my bitch's bitch

    northernladyuk is a fount of knowledge

    northernladyuk's Avatar
    Join Date
    Nov 2011
    Location
    Working the streets of your imagination
    Posts
    9,460

    Default

    Quote Originally Posted by scooterscot View Post
    Put fingers in ears and repeat 'la la la la la I'm not listening to you'

    European businesses turn their backs on British suppliers
    Great. It will make the UK leaner and fitter.
    Where there's muck there's brass.

  3. #3

    Contractor Among Contractors

    _V_ is NOT a disguised employee

    _V_'s Avatar
    Join Date
    Aug 2006
    Posts
    1,441

    Default

    Quote Originally Posted by northernladyuk View Post
    Great. It will make the UK leaner and fitter.
    What doesn't kill you makes you stronger.
    We're all Crypto Millionaire's, now Dave...

  4. #4

    Fingers like lightning

    squarepeg is a permanent contractor


    Join Date
    Apr 2012
    Location
    London, UK
    Posts
    537

    Default

    Quote Originally Posted by scooterscot View Post
    Put fingers in ears and repeat 'la la la la la I'm not listening to you'

    European businesses turn their backs on British suppliers
    Which confirms the feedback I got from my French clients in March. They have already started looking for non-British, EU-based suppliers and were strongly suggesting that if we want to do business with them we should do it through an EU-based office. Ireland and Estonia are going to benefit from this mess.
    You're awesome! Get yourself a t-shirt.

  5. #5

    I live on CUK

    SueEllen is a fount of knowledge

    SueEllen's Avatar
    Join Date
    Nov 2005
    Location
    in the Park
    Posts
    29,066

    Default

    Quote Originally Posted by squarepeg View Post
    Which confirms the feedback I got from my French clients in March. They have already started looking for non-British, EU-based suppliers and were strongly suggesting that if we want to do business with them we should do it through an EU-based office. Ireland and Estonia are going to benefit from this mess.

    Liberal Elite we want our country back.
    "You’re just a bad memory who doesn’t know when to go away" JR

  6. #6

    Fingers like lightning

    squarepeg is a permanent contractor


    Join Date
    Apr 2012
    Location
    London, UK
    Posts
    537

    Default

    Quote Originally Posted by SueEllen View Post
    Liberal Elite we want our country back.
    But you are getting it back.
    You're awesome! Get yourself a t-shirt.

  7. #7

    My post count is Majestic

    AtW is a fount of knowledge

    AtW's Avatar
    Join Date
    Jul 2005
    Posts
    51,446

    Default

    Quote Originally Posted by _V_ View Post
    What doesn't kill you makes you stronger.
    Not if it cripples you ...

  8. #8

    My post count is Majestic

    AtW is a fount of knowledge

    AtW's Avatar
    Join Date
    Jul 2005
    Posts
    51,446

    Default

    Quote Originally Posted by squarepeg View Post
    But you are getting it back.
    In the back...

  9. #9

    I Am Legend

    BrilloPad has reached the peak. Play again?


    Join Date
    Aug 2006
    Posts
    103,751

    Default

    The sooner UK imposes tariffs on imported EU goods the better.

  10. #10

    King of updation

    TestMangler - scorchio!

    TestMangler's Avatar
    Join Date
    Aug 2010
    Location
    Ardbeg, Isle Of Bute, Jock Land.
    Posts
    6,796

    Default

    Quote Originally Posted by BrilloPad View Post
    The sooner UK imposes tariffs on imported EU goods the better.
    You seriously are a fucking idiot.
    On Desolation Boulevard, they'd light the faded lights.....

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •