We are rapidly approaching BREXIT in March 2019 and its highly likely to cause currency fluctuations, that alone has to be a good reason to source products and services locally.
There are of course many other reasons such as:
- Consumers are often prepared to pay for more locally sourced products
- Its better for planet – why ship things hundreds of miles and pollute the planet if you can buy locally
- It protects local jobs and services and helps the economy to grow
The Chartered Institute of Procurement and Supply reported
EU businesses say goodbye to UK suppliers as Brexit bites into key relationships
06 November 2017
Nearly two-thirds (63%) of EU businesses expect to move their supply chain out of the UK
Two-fifths (40%) of UK businesses are looking to replace their EU suppliers
25% of large UK businesses* have spent over £100,000 preparing their supply chains for Brexit
Nearly two-thirds (63%) 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 according to a survey from the Chartered Institute of Procurement & Supply (CIPS). This is a dramatic shift from May, when just 44% of EU businesses were expecting to move out of the UK.
So unless we start to support Local and UK businesses there could be significant consequence for the UK economy.