British Coatings Federation02.09.21
A recent survey of British Coatings Federation (BCF) members demonstrates how Brexit has impacted negatively the coatings sector in the form of new customs red-tape and higher costs since Jan. 1.
The survey reported higher shipping costs, increased costs of imported raw materials, and new administrative costs to complete customs paperwork, with 30% of companies estimating increases in total operating costs of 3-10%.
As a result, significant risks to the competitiveness of BCF members’ UK production and exports, despite the industry investing in preparing for Brexit (86%) and being experienced exporters beyond the EU (75% of companies).
The new Free Trade Agreement (FTA) will have a significant negative impact on the UK exports of paints, coatings and printing inks.
Key findings:
Two-thirds of companies fear losing EU export customers due to the additional cost and complexity of doing business;
Seven out of 10 say their
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