Home Brexit UK manufacturers stockpile goods ready for Brexit withdrawal

UK manufacturers stockpile goods ready for Brexit withdrawal

by LLB Reporter
1st Feb 19 10:35 am

Research by HIS Markit/CIPS, has suggested that last month, UK manufacturers were preparing for Brexit, by stockpiling goods at record pace.

Rob Dobson, director at IHS Markit said, “The start of 2019 saw UK manufacturers continue their preparations for Brexit.

“Stocks of inputs increased at the sharpest pace in the 27-year history, as buying activity was stepped up to mitigate against potential supply-chain disruptions in coming months.

“There were also signs that inventories of finished goods were being bolstered to ensure warehouses are well stocked to meet ongoing contractual obligations.”

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