"UK manufacturers are reassessing how and where they trade as higher tariffs, geopolitical pressures and growing border complexity continue to reshape global markets, according to new research from Make UK and DHL Express. While the United States remains an important export destination, the findings point to a broader shift in sentiment. Rising trade friction and uncertainty in key markets are prompting many businesses to diversify exports, adjust supply chains and reassess future growth plans."
"The impact of tariffs is now widespread across UK manufacturing: 8 in 10 manufacturers report being affected by tariffs or duties in the last five years 58% cite tariffs and trade rules, including rules of origin, as a major barrier to exporting 50% point to customs delays and inconsistent processes as a significant challenge These pressures are increasing costs, disrupting supply chains and adding complexity for businesses trading internationally."
UK manufacturers are reassessing trading strategies as higher tariffs, geopolitical tensions and growing border complexity reshape global markets. Eight in ten manufacturers report being affected by tariffs or duties in the last five years. Fifty-eight percent identify tariffs and trade rules, including rules of origin, as a major barrier to exporting, and 50% point to customs delays and inconsistent processes as a significant challenge. These pressures increase costs, disrupt supply chains and add complexity for international trade. Nearly eight in ten manufacturers remain confident in the UK's overall trade prospects while diversifying export markets and adjusting supply chains to maintain competitiveness.
Read at London Business News | Londonlovesbusiness.com
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