This ad will be closed automatically in X seconds.

Exchange rate view: Carl Richardson, Sweet Connexion

“My clients have certainly felt the negative impacts,” says company’s md.

Ever since June 23 2016 when the UK voted to leave the EU, the implications and the potential path to a post-Brexit landscape have been much debated.

One of the immediate impacts was the sudden shift in the exchange rate of the pound against the euro and the dollar.

All this week, The Source will be asking some industry faces what this means for their business and the wider licensing community.

Today, Carl Richardson, md, Sweet Connexion.

How has the change in the exchange rate of the pound against the euro/dollar affected your business?

“I currently work with four importer/distributors in food and non-food, and all have certainly felt the negative impacts from the currency issues following Brexit. Prices have had to rise in line with significant additional exchange costs of between 13-15% against a retail backdrop which is not receptive to these increases.

“Wherever possible, my clients are looking to source certain components in the UK as opposed to the Far East or Western Europe.

“On the upside, I have two current UK manufacturing clients, both of which are seeing increases in demand for their products as an alternative to formerly imported goods.

“They are also strengthening their exports, again with Sweet Connexions’ support.”

This feature originally appeared in the spring 2017 edition of Licensing Source Book. Click here to read the full publication.

Want to read more news like this? Simply sign up to our daily digest by clicking here. You can also follow @LicensingSource on Twitter.

MORE NEWS
TfLlunchbox500x500
 
Designed by creative agency Crush Creative, the guide includes a set of colourful, illustrated assets that draw on TfL’s heritage and serve as a toolkit for licensees developing products for young audiences....
Tulipop500x500
 
Tulipop Studios - creator and owner of the Icelandic character-based Tulipop IP - is growing into new markets having secured a number of fresh deals....
YakkaDee500x500
 
Rachel Bardill and Liz Keynes - both well known and respected family and children's brand strategists - have come on board to further drive awareness for the preschool show....
AliceBurden500x500
 
In her new role, Alice will be responsible for steering and driving forward the strategic and creative direction of Toon2Tango, focusing on storytelling and creative development....
job
 
H&A is looking to further strengthen its team with the appointment of a supply chain planner....
SManners500x500
 
Industry trade body, Licensing International has responded to Labour's Budget from earlier this week, saying that moving forward 'beloved brands' will be more important than ever before in providing a point of difference....
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.