Report shows the true scale of Brexit impact on manufacturers

摘要

New Make UK/Squire Patton Boggs research shows 64% of manufacturers say Brexit delay and uncertainty has slashed profits in last two years. Almost half have already seen a negative change in EU customer/supplier appetite for doing business with them. Research from Make UK, the manufacturers' organisation, and Squire Patton Boggs, the global law firm, shows the extent to which manufacturers have taken a financial hit during the last two years as they struggle to prepare for an unknown trading environment post-Brexit. Nearly half have already experienced a noticeably negative change in EU customer/supplier appetite towards doing business with them. 76% of manufacturers feel that a no-deal Brexit would have a negative impact on the appetite of their EU customers/suppliers to do business with them. And almost two thirds cite Brexit delay and uncertainty as having had a negative impact on their company's profit margin in last two years.