Brexit: import checks come into force, hitting SMEs
Delays, confusion, costs – it’s all normal now in the world of UK trade. From ...
UK manufacturers fear increased delays created by increased bureaucracy will create friction in supply chains, raising costs and hitting companies’ competitiveness compared with European counterparts.
In a survey, by PwC, of 228 members of the manufacturers’ association Make UK, two-thirds believed Brexit had affected their business. UK newspaper The Guardian reports: “More than half of firms warned they were likely to suffer further damage this year from customs delays due to import checks and changes to product labelling.”
Additional costs created by having to meet the requirements of two jurisdictions, delays at customs, and the consequences of a reduced labour pool through the reduction in migrant workers, were all mentioned as significant industry concerns.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
FAK rate hikes holding, with strong demand into peak season predicted
Déjà vu as major ocean carriers scramble for tonnage and containers
Indian trade disrupted as port congestion forces liner services to skip calls
Rising costs of port congestion force surcharge by Asian feeder operators
Trade growth getting stronger, but ocean freight rates stay flattish
Global airfreight volumes blooming as flower shipments take off
Comment on this article