LONDON (Reuters) – Prime Minister Theresa May will on Monday seek to reassure aviation bosses that her under-fire Brexit plan won’t disrupt their supply chains, and promise that the industry will flourish as Britain leaves the European Union. May’s words, to be delivered at the Farnborough Airshow south west of London, come at a crunch time for the prime minister as pro-Brexit lawmakers in her party threaten revolt over an EU exit strategy they say leaves Britain subject to Brussels’ rule. “We will take back control of our borders, our laws and our money. But we will do so in a way that is good for business and good for our future prosperity,” May will say, according to advance extracts of her speech. Businesses have been getting increasingly frustrated about the lack of clarity over future trading relations less than nine months before Brexit day on March 29, 2019. Airbus <AIR.PA>, Europe’s biggest planemaker which employs around … [Read more...] about May promises to protect planemakers’ supply chains in Brexit
Supply chain
Brexit Seen Threatening UK Links In EU Supply Chain
Jul 09, 4:10 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By William Schomberg 05/13/18 AT 2:42 PM SHIPLEY, England - Mandy Ridyard knew Brexit was going to be a challenge for her aviation components firm, but it was still a shock when she heard a French company bluntly ruling out British suppliers from an international bid for a contract in China.There was just too much uncertainty about Brexit to include British companies in the group, a representative of the firm told a meeting of business representatives and government officials from Britain and France in February.“The elephant in the room was Brexit,” Ridyard said of the meeting, which was organised by the British embassy in Paris to spur more bilateral business but only served to increase her anxiety about Britain’s departure from the European Union.“If companies are not currently looking to the UK for their products, then we will be … [Read more...] about Brexit Seen Threatening UK Links In EU Supply Chain
BMW would close UK plants if Brexit hurts supply chain
LONDON (Reuters) – BMW would have to close its British factories which make Mini and Rolls-Royce cars if Brexit leads to serious supply chain disruption, a company executive said in remarks published by the Financial Times on Monday. “We always said we can do our best and prepare everything, but if at the end of the day the supply chain will have a stop at the border, then we cannot produce our products in the UK,” BMW customs manager Stephan Freismuth said. Freismuth added that the company wanted to keep its British plants open and was working on contingency plans, but that any disruption to imports of components would increase costs and damage its ‘just in time’ manufacturing model. BMW had not immediate comment on the Brexit remarks. (Reporting by David Milliken; editing by Kate Holton) … [Read more...] about BMW would close UK plants if Brexit hurts supply chain
Poverty and inequality major ingredients in supermarket supply chains
The report, ‘Ripe for Change’, also assesses the policies and practices of some of the biggest supermarkets in Europe and the United States – all of which score poorly on issues such as the treatment of workers and producers in their supply chains.Source: vietnam.oxfam.orgAmong the findings:• Supermarkets keep an increasing amount of the money their consumers spend - as much as 50 percent in some cases - while the share that reaches workers and food producers has fallen - sometimes to less than 5 percent.• Small-scale farmers and workers in the supply chains of 12 common supermarket products are scraping a living. For some products, such as Indian tea and Kenyan green beans, the average earnings of small-scale farmers or workers was found to be less than half of what was needed to ensure a basic but decent standard of living. The gap between a living income and actual income is greater where women make up most of the workforce.• While many workers … [Read more...] about Poverty and inequality major ingredients in supermarket supply chains
Iceland profits pegged back by investment and supply chain problems
News / UK and world by Press Association June 15, 2018, 8:36 am FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter Profits at supermarket Iceland dipped last year after the firm invested in price cuts and was hit by supply chain issues over the critical Christmas trading period. The group saw adjusted earnings slip 1.8% to £157.1 million in the year to March 31, while sales rose 8% to £3 billion. Iceland said that price cuts, extra marketing investment and supply chain problems were contributory factors. “Investment in marketing and price, together with problems in our supply chain infrastructure during December which caused poor overall availability in our key Christmas weeks, and inadequate supplies of some of our best-selling seasonal lines” hit the firm, the company said. Like-for-like sales were up 2.3% over the year and Iceland expanded its Food Warehouse chain to 59 stores through 23 new openings. First launched in … [Read more...] about Iceland profits pegged back by investment and supply chain problems