Impact of Brexit on the Supply Chains in the United Kingdom
Impact of Brexit on the Supply Chains in the United Kingdom

Author(s): Gergana Kaloyanova
Subject(s): Politics / Political Sciences, Politics, Economy, National Economy, Business Economy / Management, International relations/trade, Marketing / Advertising, Socio-Economic Research, Transport / Logistics
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Brexit; Negative Impact; Supply Chain; United Kingdom
Summary/Abstract: The term “Supply Chain” can be described as the whole network of businesses and individuals which are collaborating in order to produce and distribute a final good or service. The whole system is affected if one part of it is malfunctioning. The study aims to analyze the impact of Brexit on supply chains in the United Kingdom based on a literature review and personal reflection on the topic. The research indicates that Brexit has been the most significant impact on the supply chains in the United Kingdom, foremost due to delays and red tape following the 2021 Trade and Cooperation Agreement (TCA). Many businesses had to find new suppliers to reestablish supply. Strategies used to decrease the adverse effects include supplier diversification and nearshoring (transferring business operations closer to home). Unfortunately, a lot of companies continue to search for ways to enhance the efficiency and resilience of their supply chains.

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