Building Supply Chain Resilience – Make UK report
Unrelenting pressure on company supply chains from increased costs and geo-political uncertainty is creating unacceptable lead times. For many manufacturers this poses a strategic risk to their business and, as a result, they are placing their supply chains under the microscope and adopting a range of strategies to manage relationships with suppliers at home and overseas.
The Make UK/Infor No Weak links: Building Supply Chain Resilience report found that companies from both the EU and, further afield, are now significantly more cautious about supplying into the UK. This could be for a range of reasons including the difficult political relationships affecting trade between the UK and EU, the trading landscape having become practically more difficult with the EU, the prospect of regulatory divergence and, the broader global challenge for competitiveness being played out between economic superpowers including the EU.