UK companies are set to spend $650 billion over the next three years moving their supply chains and manufacturing closer to home, as business leaders fret about the effect of President Trump’s tariffs.
A survey of 1,400 major global businesses, all with annual revenues in excess of $1 billion, also found international companies plan to shift more of their operations to the UK amid a growing preference to have more of a presence in “allied” countries and to be closer to their end customers.
Since the pandemic disrupted global supply chains and led to shortages of some products, companies have been exploring how to make their operations more robust. Much of that has focused on moving some of their manufacturing back to the UK, known
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