SME manufacturers disrupted by Brexit related issues
Brexit related issues are causing significant disruption to English SME manufacturers looking to recover from the economic effects of COVID-19.
The latest Manufacturing Barometer, produced by SWMAS (the South West Manufacturing Advisory Service) and the Manufacturing Growth Programme (MGP), found 65 per cent of companies experiencing negative price changes within their supply chain since leaving the EU, with the availability of raw materials an issue for over half (56 per cent) of firms.
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Of the 284 respondents, more than half cited complications with exporting (54 per cent) and importing goods (56 per cent) since December 31st, causing potential short and long-term hits on volumes and new opportunities.
According to the survey, less than a third of SME manufacturers feel they are getting the right support and guidance from government on how to navigate changes caused by Brexit related issues. Just over a fifth (21 per cent) of businesses believe Brexit could deliver new reshoring opportunities that would bring supply chains closer to home.
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