Supply and logistics issues hit the headlines more than once during 2021, and it looks like they will continue to concern businesses in 2022.
Adaptability during times of change is essential for businesses.
The UK has undergone a year of constant change resulting from both Brexit and the pandemic. Many challenges have arisen as a result, but only a quarter (26%) say that they can quickly adapt to such change.
Overall, the number of businesses saying that supply and logistics issues are their main concern for 2022 has decreased.
Nevertheless, a massive 36% think that keeping up with compliance and regulations will be a problem, and 35% worry about the political landscape. In fact, one in eight (13%) are struggling to plan for their businesses because of the current political climate.
Industries most up to date on changes to VAT and customs duty requirements
Only one in five (23%) are up to date on changes to VAT and customs duty requirements, even though the Brexit withdrawal period ended a year ago.
Changes have been both direct and indirect in the form of new processes for the import and export of goods. Further changes are anticipated for 2022, so businesses could experience further disruption.
In which UK cities are businesses plans most reliant on imports and exports in 2022?
Statistics from our latest report show that fewer companies have a business plan that relies on the import of goods, but there are significant differences across industries.
Liverpool and Bristol businesses plans for 2022 are the most reliant on importing goods
Plymouth and Cardiff's businesses plans for 2022 are the most reliant on exporting goods
Industries which rely on good transport links for their success
One in seven businesses claims that good transport links are critical to their success. Surprisingly, the beauty and wellbeing industry is the one most reliant on good transport links for business success.
32% of businesses expect to grow in 2022. In comparison, last year’s figure was just 8%.
Yet a fifth say that their current suppliers would struggle to meet demand if they were to grow, and 14% of businesses say it is difficult to find new contacts and suppliers.
This suggests that business growth could be stunted unless these challenges are addressed.
Beauty and wellbeing
Information technology
Media and internet
Businesses finding it difficult to balance quality products or services with costs
Liverpool and Bristol businesses plans for 2022 are the most reliant on importing goods
Plymouth and Cardiff's businesses plans for 2022 are the most reliant on exporting goods
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