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Fifth of UK importers altered supply chains as China tensions flare up
by cityam
JACK MENDEL
MORE than a fifth of UK importers have been forced to alter supply chains as a result of geopolitical tensions, with China in sharp focus, a new survey has found.
Some 20.5 per cent of companies, which are importers, have altered supply chains as a result of global tensions, according to a survey of more than 1,000 businesspeople by the Institute of Directors. This dropped to 14.9 per cent for firms in general.
On top of the fifth of firms who have already made the move, almost 15 per cent of importers said they were considering doing so.
While the overwhelming majority, 58.4 per cent, said their supply chains had not been affected by global tensions, more UK business are looking for greater stability in their supply chains.
“It is clear businesses are sensing geopolitical shaped clouds on the horizon, particularly whilst China’s
