Industry survey results

Brexit survey results: UK business pulse

Over 60 delegates across industry sectors were asked to assess their greatest risks, challenges, and opportunities in light of Brexit developments. Find out what they said.

On 11th October 2016, we hosted the 7th Annual Compliance Conference titled “Brexit – global trade compliance and export controls in dynamic markets” in partnership with the Chartered Institute of Logistics and Transport, CILT(UK). Over 70 global trade and supply chain professionals came together at the Mallory Court Hotel in Leamington Spa to learn about latest export control changes and discuss concerns, business impacts, and possible global trade options following Brexit.

The conference programme featured presentations, expert panel discussions, business workshops, and an industry survey. Participants included experts from government, consultancies, and various industry sectors and exchanges delivered valuable insights from different perspectives. If you are interested in learning more about the contents of the programme or upcoming events, please contact us.

And as promised in my last post “Brexit vote reflections: 100 days on”, I would like to share the results from our industry survey – with anonymous responses from over 60 delegates across various industry sectors, including automotive, aerospace & defense, pharmaceutical & medical, high-tech & electronics, machinery & engineering, and logistics. We asked delegates to assign high, medium, and low ratings for a number of areas in line with the following key questions:

  1. What are the biggest risks to your company?
  2. What are the greatest challenges for your company?
  3. What are the areas of opportunity and investments for your company?

Highly interesting exchanges arose from these questions. And with all of us gearing up in the 4th quarter of 2016 to discuss and confirm next year’s strategies and budgets, the results from this survey also provide valuable insights to benchmark own business priorities in the broader scheme.

What I found most interesting is that while responses reveal Brexit to be on the forefront of minds when it comes to risk assessments at the moment, the greatest challenges cited are those that apply to businesses across the globe equally – independent from local or regional global trade changes. And as always – results also reveal that what is considered a risk by some is considered an opportunity by others. Really interesting.

Take a look at the full survey results below. How do these responses compare to your own assessments in the area of current risks, challenges, and opportunities?  I look forward to hearing from you on LinkedIn.

Industry survey results, October 2016
Industry survey results, October 2016