Comprehensive Analysis: Brexit's Impact on the Retail Industry

This report analyzes the impact of Brexit on the retail industry. It explores the economic uncertainty created by Brexit, specifically how it affects the supply chain and financial health of retail businesses. The report references studies and reports that highlight the risks associated with Brexit, such as the increased likelihood of sourcing from high-risk countries, the rise in global procurement uncertainties, and the potential for import barriers and other non-tariff hurdles. The report concludes by emphasizing the ongoing challenges and the need for businesses to adapt to the changing landscape. The analysis includes references to academic and business publications that support the findings and provide further context to the implications of Brexit.

BREXIT IMPACT
ON RETAIL
INDUSTRY

INTRODUCTION
 The Brexit process started on 23 June 2016,
 The country chose no longer to overweight
immigrants 'free movement costs as they were
part of the single currency culture. Of the leftover
seats, the voting was 17.4 million, relative to 15.1
million (Alfano, Dustmann, & Frattini, 2016).

ECONOMIC UNCERTAINITY
 A new research has shown that Brexit's on going
chaos is forcing Eu manufacturers and retailers to
locate their products in inexpensive and
dangerous countries.
 The 2019 Q3 Global Supply Chain Threat Report
produced by Canfield and Dun & Brad St
Universities examined 178,000 anonym zed
transactions between Eu procurement companies
and their vendors in more than 150 countries
around the world (Amadeo, 2019)

 It has shown that the percentage of buyer-
supporter ties in a high-risk nation (+ 2,5%) and
the global source danger (+ 5,0%) are rising
criticality for suppliers. In the retail industry the
criticality of vendors was 89% – despite a 5.4%
growth in the third quarter (Worrell & 2018).
 The business has also raised global procurement
uncertainties – by 2.9%. Fiscal danger in retail –
22.5 percent – is still higher after a 1.6 point
decline from the previous period.
 This suggests that the financial health of
manufacturers has marginally increased, with
may insolvency threats.

 The European industrial industry is in persistent
turmoil about Brexit which causes other firms to
place their manufacturers at greater risk in order
to escape the potential import barriers and other
non-tariff hurdles, such as restrictions,
embargoes, restriction and levies, "Skipworth
added.
 "With growing options, this would definitely
improve their perceived criticality and
dependence on suppliers (Tetlow & Stojanovic,
2018).

CONCLUSION
 The report examines how the supply chain and
retail industries is impacted by BRIXIT The
discussion was mostly dealing with the financial
effect on the retail market.
 A further study has found that the continued
uncertainty at Brexit is pushing Eu manufacturers
and distributors to sell their goods in inexpensive
and dangerous countries.

REFERENCES
 Alfano, M., Dustmann, C., & Frattini, T. (2016).
Immigration and the UK: Reflections after Brexit.
Centro Studi Luca d'Agliano Development Studies
Working Paper, (402).
 Tetlow, G., & Stojanovic, A. (2018). Understanding
the economic impact of Brexit. Institute for
government, 2-76.’
 Worrell, J. H., & NJ, M. (2018). Brexit’s potential
impact on apparel manufacturing and luxury
fashion. J Textile Eng Fashion Technol, 4(6), 389-391.
 Amadeo, K., 2019. Brexit Consequences for the UK,
the EU, and the United States. The Balance.