Export volume in British goods rose 1.1% over the three-month period ending November 2016, an improvement over the 2.7% decline from the previous period. The uptick in exports indicates the weak pound has created a favorable market for goods entering the country.
Exports, however, did not keep pace with imports, resulting in a trade deficit that increased by 100 million pounds to 35.9 billion pounds ($43.84 billion) during the same period.
Over time, the weaker pound should result in fewer imports and more exports.
(Related on SJ: Retail Strong in UK Despite Brexit Vote)
Invista and its partner, Solvay, will deploy new technology for nylon expected to substantially improve the production process.Read more
Target is growing its private label lines and tapping into consumers’ wellness-focused wardrobes with its new performance activewear brand, JoyLab.Read more
What to expect for Autumn/Winter 2018-19 denim, plus trendsetting consumers want denim to push boundaries.Read more
European companies are improving their supply chains—and it has almost everything to do with company culture.Read more
Global container freight rates continue to be depressed by demand, despite some recent upticks.Read more
How do global companies and supply chains plan for inevitable but unpredictable disruptions, and how can they mitigate the damage?Read more
As advances in technology and changing trade patterns affect opportunities for export-led manufacturing, innovations such as smart automation, advanced robotics and 3-D printing are increasingly influencing which locations are attractive for production.Read more