LONDON--(BUSINESS WIRE)--The recent UK referendum has impacted a wide range of industries, and food and beverage is no exception. While many UK firms now feel more optimistic about Brexit than they did last year, there is still a considerable amount of uncertainty facing the market. Issues such as trade deals and labor could affect food and beverage businesses going forward.
In a blog titled Many UK Food and Beverage Firms Optimistic Despite Brexit Concerns, BizVibe takes a look at the market’s current attitudes towards the upcoming separation from the EU.
BizVibe notes that “Some experts predict that Brexit will help the industry by prompting food manufacturers to process raw materials within the country rather than importing finished goods, but there are other factors at play that could offset this.”
Those factors include rules around European workers, since “The UK food industry currently employs 100,000 people from the rest of the EU, and it remains uncertain whether those people will continue working in the country, as well as how difficult it will be for EU nationals to get jobs there in the future.”
These are just two of the ways that the UK food and beverage industry is being impacted by the Brexit decision. Companies can expect to feel its influence in both positive and negative ways going forward.
Read the entire blog here: https://www.bizvibe.com/blog/uk-food-beverage-firms-optimistic/
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