20 Nov 2017 by BCCG
#Brexit #UK #EU27 Supply Chains Affected
Almost two-thirds of EU businesses who work with UK suppliers expect to move some of their supply chain out of the UK as a result of Brexit, a far higher proportion than planned to just a few months ago, a survey from the Chartered Institute of Procurement & Supply (CIPS) concludes.
The CIPS survey found that the figure had risen in the last few months to 63% as firms have become increasingly pessimistic about the outcome of UK-EU talks, compared with 44% in a previous survey published in May 2017.
The survey of 1,118 supply chain managers in the UK and Europe also finds that 40% of UK businesses with EU suppliers have begun the search for domestic suppliers to replace their EU partners, up from 31% in May. However, 26% of UK firms are taking the opposite approach and investing more time to strengthen their relationship with valuable suppliers in the EU....
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