A spike in export sales has been noticed in the Q4 business report produced by Greater Birmingham Chamber of Commerce. Nearly 50% of manufacturers have seen a rise in sales as compared to just 24% in Quarter 3.
The increase is thought to be linked to the impending deadline for Brexit, as businesses have found non-UK manufacturers trying to beat the departure deadline. In particular, some manufacturers – including the car industry – are preparing to pre-empt Brexit in case of any ‘no deal’ chaos at Britain’s ports and airports. Also, some car manufacturers have announced plans to bring forward their annual shutdown to coincide with the UK’s departure from the EU.
Raj Kandola, the senior policy and patron adviser of the GBCC, commented:
“Much has been said about what might happen if there is no deal – of course, no-one knows with any certainty what the outcome will be, but business hates any kind of uncertainty and are clearly putting Plan B into action now, just in case. It would be churlish to downplay the impact that a disorderly Brexit could have on the regional economy and the country as a whole. Whilst we cannot predict what the future will bring, the GBCC will be on hand to support local businesses to ensure they put practical steps in place to ready themselves for what is likely to be an extremely unpredictable and ever-changing landscape.”
The buoyancy and durability of business in the region is one of the reasons The Collective recently opened its new Satellite office in Birmingham. James Howes, Managing Director, added:
“I was in Birmingham before Christmas and when talking to manufacturers you got a real sense of determination to take away the uncertainty and ensure businesses are fully prepared for what the end of March may bring. It is so encouraging to see this approach and is why we are excited to be working with manufacturers across the region and helping them promote their messages across the world”.
Full details of the report are available at www.greaterbirminghamchambers.com
Story Source: Greater Birmingham Chamber of Commerce