The survey of 900 businesses showed that 29% of SMEs thought their business would suffer from a reorganising of the supply chain due to Brexit.
Some 51% of SMEs believed their business would neither suffer or benefit, and 20% felt their business would benefit from a reorganisation.
40% of the business owners surveyed export goods to the EU.
Close Brothers Asset Finance
Neil Davies, CEO at Close Brothers Asset Finance, said that this forward thinking was typical of the enterprise shown by the UK’s SMEs.
- Could cryptocurrencies bring stability to the UK after Brexit?
- Deal or no deal, don't let Brexit derail your customers' moves
- Business funding from EU programmes guaranteed until end of 2020
“It clearly demonstrates that in the absence of certainty, businesses have taken it upon themselves to assess the impact leaving the EU will have on the supply chain which, for many businesses exposed to Europe, is critical.
“In the key sectors that have strong relationships in and with Europe, including engineering, manufacturing and transport, planning is advanced and above the national average of 47% who admitted they’d started their planning.
“Looking at the figures, with 51% selecting the ‘neither’ option, it’s clear that the continued uncertainty means businesses have little idea of the impact a reorganisation will have.
“It’s not something they have ever had to deal with on this scale.”
Leave a comment