Motion S5M-05649: Supply Chains And Brexit

20 May 2017

That the Parliament notes the findings of a recent survey that was published by the Chartered Institute of Procurement & Supply, which, it understands, suggest that businesses in the rest of the EU are set to sever supply link chains with the UK as a result of Brexit; believes that the survey of 2,111 supply chain managers reported that 32% of UK businesses with suppliers on the continent are actively looking for alternative sources in the UK, while 45% of EU businesses working with UK suppliers are looking for new suppliers in their areas; understands that 65% of the UK businesses also said that supply chains were becoming more expensive as a result of the falling value of the pound; believes that other responses suggested pessimism regarding the UK’s negotiating position, with 39% saying that the UK was in a weak position; considers that keeping tariffs and quotas to a minimum should be the number one priority, and believes this should be achieved by making membership of the single market, rather than what it considers would be a damaging hard Brexit, the goal of the UK during the Brexit negotiations.