Dec 18, 2020

BluJay Solutions: UK Supply Chains Go Local

BluJay Solutions
Supply Chain
UK
Stefan Tärneberg, Director of ...
2 min
Supply chains
Stefan Tärneberg, Director of Solution Consulting at BluJay Solutions explains why UK supply chains are going global as a result of Brexit and COVID...

Regardless of how the UK leaves the EU at the end of this year – either by crashing out or securing a last-minute deal – trade at the border will become more complicated, more time-consuming, and more resource-intensive. The customer will ultimately bear some of the burden, paying more for imported products. Amid this, local goods have a chance to thrive.

Both Brexit and COVID have inspired governments to foster more resilient national economies long term. In BluJay’s 2020 research, 75% of logistics professionals said their companies will make changes to supply chain practices based on lessons learned from the pandemic. The sort of financial recovery governments and businesses pursue will reshape the supply chain’s future. Although this is by no means the end of global trade, we can expect protectionist processes to put the brakes on supply chain globalisation and favour local manufacturing instead for some sectors. The ‘going local’ effect will present opportunity to supply chain operators who can adapt quickly.  

An increase in specialised production will trigger a more distributed supply chain. Rather than in one megastore, goods will be dispersed in different places. To make sure the supply chain remains effective and efficient, a new model of logistics will need to develop to handle this larger number of points of supply, production, distribution, and most crucially – delivery.  

Small businesses may not be able to deploy enormous delivery teams or juggle many different wholesale suppliers, as globalised companies often do. At the same time consumers are still expecting quick, easy and personalised delivery for all their purchases.  

To solve this problem, companies are innovating to create new delivery services which can support these local suppliers. Think of this as the Deliveroo of fresh goods, with multiple purchases of local produce from different shops all in one delivery to your front door. It’s green, and it’s inexpensive. This exciting innovation is happening right now, as many communities and individuals vow to ‘go local’ this holiday season to support local businesses in their COVID-19 recovery. 

From now, we’ll see employment growing within this local, distributed supply chain model, in addition to new roles required at the post-Brexit border in the form of customs tech experts and logistics planners. With improving resilience and , we can expect logistics to grow in importance in businesses. Soon, the Chief Supply Chain Officer could have a far more influential role over the strategy deployed by businesses across the country.

For more information on business topics in Europe, Middle East and Africa please take a look at the latest edition of Business Chief EMEA.

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Jun 11, 2021

G7 Summit guide: What it is and what leaders hope to achieve

G7
Sustainability
G7Summit
EU
3 min
Business Chief delves into what the G7 is and represents and what its 2021 summit hopes to achieve, in terms of sustainability and global trade

Unless you’ve had your head buried in the sand, you’ll have seen the term ‘G7’ plastered all over the Internet this week. We’re going to give you the skinny on exactly what the G7 is and what its purpose on this planet is ─ and whether it’s a good or a bad collaboration. 

 

Who are the G7?

The Group of Seven, or ‘G7’, may sound like a collective of pirate lords from a certain Disney smash-hit, but in reality, it’s a group of the world’s seven largest “advanced” economies ─ the powerhouses of the world, if you like. 

The merry band comprises:

  • Canada
  • France
  • Germany
  • Italy
  • Japan
  • The United Kingdom
  • The United States

Historically, Russia was a member of the then-called ‘G8’ but found itself excluded after their ever-so-slightly illegal takeover of Crimea back in 2014.

 

Since 1977, the European Union has also been involved in some capacity with the G7 Summit. The Union is not recognised as an official member, but gradually, as with all Europe-linked affairs, the Union has integrated itself into the conversation and is now included in all political discussions on the annual summit agenda. 

 

When was the ‘G’ formed?

Back in 1975, when the world was reeling from its very first oil shock and the subsequent financial fallout that came with it, the heads of state and government from six of the leading industrial countries had a face-to-face meeting at the Chateau de Rambouillet to discuss the global economy, its trajectory, and what they could do to address the economic turmoil that reared its ugly head throughout the 70s. 

 

Why does the G7 exist?

At this very first summit ─ the ‘G6’ summit ─, the leaders adopted a 15-point communiqué, the Declaration of Rambouillet, and agreed to continuously meet once a year moving forward to address the problems of the day, with a rotating Presidency. One year later, Canada was welcomed into the fold, and the ‘G6’ became seven and has remained so ever since ─ Russia’s inclusion and exclusion not counted. 

 

The group, as previously mentioned, was born in the looming shadow of a financial crisis, but its purpose is more significant than just economics. When leaders from the group meet, they discuss and exchange ideas on a broad range of issues, including injustice around the world, geopolitical matters, security, and sustainability. 

 

It’s worth noting that, while the G7 may be made up of mighty nations, the bloc is an informal one. So, although it is considered an important annual event, declarations made during the summit are not legally binding. That said, they are still very influential and worth taking note of because it indicates the ambitions and outlines the initiatives of these particularly prominent leading nations. 

 

Where is the 2021 G7 summit?

This year, the summit will be held in the United Kingdom deep in the southwest of England, with Prime Minister Boris Johnson hosting his contemporaries in the quaint Cornish resort of Carbis Bay near St Ives in Cornwall. 
 

What will be discussed this year? 

After almost two years of remote communication, this will be the first in-person G7 summit since the novel Coronavirus first took hold of the globe, and Britain wants “leaders to seize the opportunity to build back better from coronavirus, uniting to make the future fairer, greener, and more prosperous.”

 

The three-day summit, running from Friday to Sunday, will see the seven leaders discussing a whole host of shared challenges, ranging from the pandemic and vaccine development and distribution to the ongoing global fight against climate change through the implementation of sustainable norms and values. 

 

According to the UK government, the attendees will also be taking a look at “ensuring that people everywhere can benefit from open trade, technological change, and scientific discovery.” 

 

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