Brexit Shake Up Of The Consumer Electronics Industry

Posted on December 7, 2016 by Ross stocksnap_8b0z5gdjt1-1We are close to closing a topsy-turvy year that has mixed up the consumer electronics industry. Seismic political shifts both at home and abroad have had a huge impact on prices for these goods and there is already some evidence of an impact on the electronics supply chain too. Rising prices for consumers Brexit sent shockwaves through lots of industries and markets, but the impacts on currency markets have had the most immediate effects. We didn’t have to wait long to see price increases on a whole range of popular brands. And one of the most controversial was an overnight increase of up to 20 per cent on Apple’s products. The drooping value of sterling has already hurt British consumers and other businesses importing from abroad. But it is not yet clear what impact this is having and will have on sellers. The industry has a lot of experience managing turbulence and uncertainty, particularly turbulence associated with exchange rates and demand forecasts. But industry actors need to be flexible if they are to be resilient.

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