Industry Insights: A Breakdown of the Government’s New Critical Imports and Supply Chains Strategy
09 Feb 2024The Department for Business and Trade has launched a new strategy to safeguard UK supplies of critical goods, this includes medicines, minerals and semiconductors. The critical imports and supply chain strategy has been introduced as a way to ease the impact of supply chain shock. When an unexpected event occurs, it changes the availability of a commodity. This, in turn, affects the price. This can affect supplies, which leads to a negative impact on businesses, consumers, and the economy.
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