Mind the gap – why we need to think about small exporters

The World Trade Organisation’s latest outlook for global trade makes grim reading. The Covid-19 pandemic could cause a drop in world trade of bewteen 13% and 32% in 2020. The trade community has been watching inventory stock plummet since February and while at the outset of the crisis this was simply a supply chain disruption, the complete global lockdown of our daily lives has caused a drop in global demand for goods and services like no other in recent memory. Even…

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Covid-19 and critical medical equipment supply chains: what flows where?

In January this year, Coriolis Technologies conducted a survey of the UK population about national security. Over 68% of respondents said that a better resourced and improved NHS would make them feel more secure on a personal basis. Two months on, and global security is critically dependent on healthcare systems around the world. But while responses have largely been national, for obvious reasons, the challenge of getting supplies of life-saving ventilators, face masks, personal protective equipment, and medical supplies to…

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BOE Interest rate drop

The Bank of England has just announced that it is reducing interest rates to 0.1%. This follows moves by Central Banks around the world to ensure that there is liquidity in the financial system and no obstacles preventing businesses from borrowing or banks from lending that might worsen the impacts of the Covid-19 outbreak. In the UK, it is a signal to the government that “whatever it takes” means “whatever it takes”: the real need at the moment is for…

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Leaving them stranded? Understanding the UK’s trade negotiating stance amid the coronavirus outbreak

Dr Rebecca Harding, CEO The UK stands to gain in trade terms from the current outbreak of novel coronavirus (Covid-19). It turns out that the world’s current obsession with personal hygiene plays to its advantage: it is a net exporter of both toilet paper and hand sanitiser – export values in 2018 were US$129mn for toilet paper, and US$455mn in hand sanitiser. As the world’s 11th largest exporter of toilet rolls and 4th largest exporter of hand sanitiser, at least…

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The realpolitik of post-Brexit trade with the EU

Dr. Rebecca Harding CEO Coriolis Technologies Boris Johnson’s post-Brexit approach to the UK’s relationship with the EU had its first airing on Monday. He excluded the possibility of regulatory alignment or level playing fields and instead laid out a vision for the UK based on its right to set its own standards, trade in its own way with whomever it likes, and control its own borders. His government, and specifically the foreign secretary Dominic Raab, is already urging a zero…

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