Emerging Themes: Brexit Impact on Retail Sector and Strategy

This essay examines the impact of Brexit on the UK retail sector, focusing on key emerging themes and their implications for business strategy. It discusses the initial negative impacts, such as decreased demand and supply disruptions, particularly for small businesses. The essay explores how Brexit has affected the retail sector's ability to import goods, impacting turnover, productivity, and customer spending. Furthermore, it analyzes the challenges of sourcing products, increased costs, and the impact on the supply chain. The essay also considers the potential positive impacts over the next five years, highlighting the opportunity for the UK to develop its own business strategies, including importing effective goods and setting company values. It concludes by emphasizing the need for retail organizations to adapt and formulate strategies to mitigate the negative effects and capitalize on new opportunities. The essay references various academic sources to support its arguments.

EMERGING THEMES

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1) Key emerging themes within current impact that are having on retail sector...................1
2) Impact of retail sector over next five years and outline implications might be for
developing of business strategy..............................................................................................2
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................3

INTRODUCTION
The emerging themes objectives is to promote the discussion and also a debate on the
theoretical as well as practical aspects related to the epidemiology. Under this there is a
discussion about the impact of Brexit on the retail sector. Under this essay going to discuss about
the some key emerging themes regrading the existing affect on the retail sector business. There is
also a discussion regarding the themes and its impact on retail sector in next five years and its
implications at the time of formulating the business related strategies.
TASK 1
1) Key emerging themes within current impact that are having on retail sector
The retail sector is the main sector which is dealing in the exporting as well as importing
of goods and services outside the boundaries of country. From the Brexit, there was a great
impact on the business of retail sector. When the Brexit and European Union both were depart
from each other, then the impact was bad on the every business sector. Its impact was on the
small business most. From this the demand of products or goods decreased and the supply
reduced. From the separation of Brexit and European Union, the export of goods was reduced
and its impact was bad and negative on the economy of United kingdom. Many of the large
number people gave their vote to the Brexit due to the fourth industrial revolution. The European
Union is a political as well as economic partnership which involves total 28 countries. At the
time when United Kingdom country leave European Union then at that time the retail industry of
United Kingdom impacted (Jensen and Snaith, 2016). From this the supply of retail sector is stop
for exporting. From this the turnover of this company was reduced. It impacted on the
productivity and sales of business. The retail sector of United Kingdom will be specifically
indicator of impact of decision of the Brexit. From this the impact on the customer spending,
savings, disposable impact and the confidence on the retail industry impacts. In the retail sector,
retailers of United Kingdom will be regarded in early stage regarding the impacts of financial
market. In short period of time the ability of retail sector business to import the products from
European Union will also be affected through the weaker currency. From this the all retailers are
demotivated. In the mid-term impact of sourcing of products is the highest factor of intellection
for the retailers of British. From this the cost of fresh manufactured will increased as much the
source from European Union. In the case of real sector companies, around 50% of cheese and
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also butter consumers in United Kingdom comes from the source of milk from the market of
European Union. The pressure of an inflation will increased for the local produced goods as the
abilities and capabilities of retailers to the source from the suppliers of European Union by
offering the better and satisfactory terms of trade is impacted. The high tariff and also
commodity costs will be effect on the manufacturing of traditional products Of FMCG (Fast
moving consumable goods). The cost of supply chain is high because of the maximum tariff
rates.
An interest of retail organisation are strong in the Central Europe and also the Brexit will
effect on the outflows and also inflows of cash along with the investments abilities ans
capabilities of firm (Li, 2010). It will be disclosed more to the fluctuation in the cost of
commodities or goods because of its membership in the purchasing group of European Union.
2) Impact of retail sector over next five years and outline implications might be for developing
of business strategy
From the Brexit, currency of country fall goes down. From this United Kingdom faces
many issues and also problems. On the basis of theme of impact of Brexit on retail sector over
the next five year will be positive and good. The reason behind this is that when the European
Union and Brexit together then there was no export of goods and Brexit follows the rules and
policies which was formulated by the European Union but after the separation of both, Brexit can
developed its own strategy according of its requirement. It can create the favourable business
strategy. Brexit can make the strategy regarding exporting of goods in other countries. From this
its sales will be enhanced and revenue will also be enhanced (McCann and Ortega-Argilés,
2015). It will developed the positive impact. In context to this, some factors are regarded with in
the retail sector used in developing the future business strategy.
The first strategy related to importing the goods in the domestic country. If the United
Kingdom country produce the effective goods and import in its domestic country then from this
sales will be increased and the turnover of retail business will come to the point. On the other
hand at the time of formulating the business strategy in future, it is necessary for retail
organisations to set the values of mission of company at the time of Brexit (Neefjes and van der
Kant, 2014). It is important for management of retail companies is to adopt the effective
opportunities for making the value of business. This company make s the strategy related to cost.
It can decreased the cost of goods as comparison to the other competitors in retail sector. From
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this large number of customers will be attracted and its result is increasing the sales and revue of
company. With the help of this an economy of United Kingdom country will be improved.
CONCLUSION
It has been concluded from the above given essay that the impact of separation of
European Union and Brexit on economy of United Kingdom was bad. In this given essay studied
about the key emerging themes related to the current impact on the business of retail sector. In
the next five years, impact of key theme on the Retail sector is studied under this essay. There
is also studied about the implications of key themes during developing of business related
strategy.
REFERENCES
Books & Journals
Goodwin, M.J. and Heath, O., 2016. The 2016 Referendum, Brexit and the Left Behind: An
Aggregate‐level Analysis of the Result. The Political Quarterly. 87(3). pp.323-332.
Jensen, M.D. and Snaith, H., 2016. When politics prevails: the political economy of a Brexit.
Journal of European Public Policy. 23(9). pp.1302-1310.
Li, S., 2010. Does mandatory adoption of International Financial Reporting Standards in the
European Union reduce the cost of equity capital?. The accounting review. 85(2).
pp.607-636.
McCann, P. and Ortega-Argilés, R., 2015. Smart specialization, regional growth and applications
to European Union cohesion policy. Regional Studies. 49(8). pp.1291-1302.
Neefjes, J. and van der Kant, R., 2014. Stuck in traffic: an emerging theme in diseases of the
nervous system. Trends in neurosciences. 37(2). pp.66-76.
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Weston, L., Coutts, A.S. and La Thangue, N.B., 2012. Actin nucleators in the nucleus: an
emerging theme. J Cell Sci. 125(15). pp.3519-3527.
Online
Brexit Consequences: For UK, EU, and U.S., 2017. [Online]. Available through:
<https://www.thebalance.com/brexit-consequences-4062999>. [Accessed on 4th
November, 2017].
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