Government launches Critical Imports and Supply Chains Strategy to safeguard UK's goods
This move aims to shield businesses and consumers from global supply chain disruptions, promoting economic growth and resilience.
The strategy, announced by Minister for Industry and Economic Security Nusrat Ghani at Heathrow Airport, said: “There are many unpredictable events that can threaten our access to vital goods, from the pandemic, Russia’s illegal war in Ukraine, and the ongoing attacks in the Red Sea. That’s why we’re taking action to ensure crucial imports like medicines can reach consumers, no matter what happens around the world.”
Key sectors like pharmaceuticals, manufacturing, and technology will benefit from the initiative, which garnered input from over 100 top UK firms, including industry leaders like the Association of the British Pharmaceutical Industry (ABPI), the Society of Motor Manufacturers and Traders (SMMT), and Green Lithium.
Heathrow supports the government's initiative, emphasising the importance of efficient supply chains for British industries. The strategy includes the establishment of a new online portal for businesses to report disruptions, with the government committed to removing barriers and pursuing trade deals to enhance efficiency and affordability.
A critical component of the strategy is the creation of a new Critical Imports Council, which creates a collaboration between businesses and the government to identify risks and develop action plans.
Green Lithium, a key player in the battery supply chain, anticipates positive outcomes for the UK economy, job creation, and sustainable supply chains. The strategy aims to attract international investment to projects like lithium mining in Cornwall, ensuring self-sufficiency in critical goods.
Additionally, the government commits to supporting UK businesses in connecting with new international suppliers and helping developing countries build their supply chains. Collaborative efforts with international partners, exemplified by the US-UK Atlantic Declaration, reflect a commitment to solving global supply chain challenges and securing access to vital materials for future technologies.