Supply Chain Research

The U.K. Trade Secretary, Dr. Liam Fox, has stated negotiations with the U.S. to form a trade deal will start on July 24. A deal cannot be ratified until after the U.K. leaves the EU customs union. It could also take years to develop, as seen with the U.S.-EU TTIP deal. Panjiva data shows the U.S. is Britain’s single largest export customer after the EU, with growth underperforming other trade partners. A trade deal is clearly needed to continue or expand exports. Growth of 4% annually over the past five years lagged that of exports to China and South Korea. Meanwhile the U.S. was Britai...