Nations around the globe are dealing with more than their fair share of supply chain challenges and interruptions right now, and the United Kingdom is no exception. Comprising England, Scotland, Wales and Northern Ireland, the U.K. is the world’s sixth-largest economy and was responsible for $2.83 trillion in gross domestic product (GDP) in 2019.
According to the Chartered Institute of Procurement and Supply (CIPS), rising supply chain constraints in the U.K. resulted in slower production growth and higher raw material costs in August. It says U.K. manufacturers faced rising constraints caused by supply chain issues during the month, with shortages of inputs and delivery delays disrupting production schedules, causing slower output growth and “marked increases” in input prices.
