A recent survey carried out by Barclays has shown that almost a third of UK retailers are considering switching suppliers following the UK’s recent vote to leave the European Union, with 28% also giving some thought to sourcing from different countries.
The report provides an intriguing snapshot into retailer attitudes to their supply chain management in the wake of the UK electorate’s historic decision, with some 32% also saying that they expected to source more from the UK as a result.
Meanwhile, over half of firms polled anticipated that they would source more from India, and 43% expected to buy more from China. 38% signalled that they would be sourcing more from Africa, while 45% anticipated a fall in how much they purchased from Europe.
"A mixed picture"
An important indicator of retailer attitudes
The findings of this survey are certainly insightful in showing the clear intent of UK retailers to examine the scope for change to their supply chains and to increase domestic supply chain activity, rather than pass any Brexit-induced increase in costs onto consumers.
Contact Bis Henderson Consulting today to learn more about how we can assist with new solutions and process improvements in support, to help ensure that your business is suitably prepared for the impact on its supply chain of the UK’s impending departure from the EU.