The Anonymous Widower

Did The Mind Of Buyers Cause The UK’s Surprise Manufacturing Rebound?

This article on the BBC is entitled Pound jumps as UK manufacturing activity rebounds.

This is the opening paragraphs.

The value of the pound has jumped after a survey indicated the UK’s manufacturing sector rebounded sharply in August.

The Markit/CIPS purchasing managers’ index (PMI) for the sector rose to 53.3 in August from July’s figure of 48.3. A figure above 50 indicates expansion.

The weakening of the pound following the Brexit vote boosted exports, the survey found.

I also think another factor comes into it – The buyers who are purchasing the goods.

My father’s business was ruined by a bent buyer, who was taking bribes all over the place. When this was discovered, all the suppliers were changed and three-quarters of my father’s orders for his specialist printing disappeared to the only other company locally, who could do it.

My father was not amused and he told me so, in no uncertain terms.

There is also the story of the UK department store chain, that cut the foreign travel budget for their buyers, who were sourcing goods to sell. One unexpected consequence was that they increased the proportion of UK-made goods.

I’ve heard so many tales of bent buyers, and suitcases filled of high-value notes, that I can afford to keep some back for later.

Now though, the UK could have a rather strange advantage because of Brexit.

Say you’re a German buyer of components for your company, that are made in the UK.

Could Brexit on the horizon mean that you’re worried that in a couple of years, doing business with the UK will be a lot harder?

So perhaps now is time to have a last business trip to the UK before it gets too difficult.

If the price is right, it’s also a lot easier to go to Birmingham than Shanghai!

Never underestimate buyers, who are always looking out for themselves.

You are probably a straight buyer, but your family will probably enjoy the UK more than China.

 

September 1, 2016 - Posted by | Business, World | , ,

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