This chart illustrates the areas that UK retailer businesses are most concerned about in the case of a no-deal Brexit. According to the opinions expressed by leading UK retailers, supply chains are the greatest area of concern that businesses have about the impact of a no-deal scenario. Availability and cost of labour, tariff costs, and supply of products were also amongst the biggest concerns identified by UK retail businesses.
On the other hand, access to non-UK markets for retail sales came at the bottom, rated to be a concern by only 19 percent of retailers.
Areas of greatest concerns for UK retail businesses in the event of a no-deal Brexit in March 2018
Characteristic
Share of respondents
Supply chain management/logistics/distribution
67%
Labour (availability and cost)
56%
Tariff costs
48%
Supply of products
48%
Customs red tape and delays
41%
Impact on commercial contracts
22%
Access to non-UK markets for retail sales (cross-border e-commerce sales or establishment in other markets)
* The original survey question was worded as follows: "Which areas are of greatest concern to your business in the event of a no deal Brexit in March 2019? (Tick your three biggest concerns)"
** The survey results were gathered from 24 large UK retailers (including supermarkets and department stores) with a combined turnover of more than 100 billion GBP in the last financial year.
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Squire Patton Boggs. (November 1, 2018). Areas of greatest concerns for UK retail businesses in the event of a no-deal Brexit in March 2018 [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/970391/uk-retailers-greatest-concern-areas-no-deal-brexit/
Squire Patton Boggs. "Areas of greatest concerns for UK retail businesses in the event of a no-deal Brexit in March 2018." Chart. November 1, 2018. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/970391/uk-retailers-greatest-concern-areas-no-deal-brexit/
Squire Patton Boggs. (2018). Areas of greatest concerns for UK retail businesses in the event of a no-deal Brexit in March 2018. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/970391/uk-retailers-greatest-concern-areas-no-deal-brexit/
Squire Patton Boggs. "Areas of Greatest Concerns for Uk Retail Businesses in The Event of a No-deal Brexit in March 2018." Statista, Statista Inc., 1 Nov 2018, https://www.statista.com/statistics/970391/uk-retailers-greatest-concern-areas-no-deal-brexit/
Squire Patton Boggs, Areas of greatest concerns for UK retail businesses in the event of a no-deal Brexit in March 2018 Statista, https://www.statista.com/statistics/970391/uk-retailers-greatest-concern-areas-no-deal-brexit/ (last visited November 05, 2024)
Areas of greatest concerns for UK retail businesses in the event of a no-deal Brexit in March 2018 [Graph], Squire Patton Boggs, November 1, 2018. [Online]. Available: https://www.statista.com/statistics/970391/uk-retailers-greatest-concern-areas-no-deal-brexit/