UK launches strategy to safeguard supplies of critical goods

The UK government has announced a strategy to safeguard international supplies of critical goods such as semiconductors, minerals and medicines, noting that unpredictable events like the ongoing ship attacks in the Red Sea, the war in Ukraine and the Covid pandemic can put severe strains on critical supply chains.

The Department for Business and Trade launched the Critical Imports and Supply Chains Strategy, 17 January, saying that ‘cutting-edge research will be used to map the impacts of shocks on supply chains.’

Minister for Industry and Economic Security, Nusrat Ghani 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.’

Over 100 top UK firms, including pharmaceutical and manufacturing leaders like The Association of the British Pharmaceutical Industry (ABPI), the Society of Motor Manufacturers and Traders (SMMT) and Green Lithium have contributed to the strategy ‘to ensure it helps develop resilient and secure supply chains that protect both their business and the consumers who rely on them,’ the Department said.

‘The Critical Imports and Supply Chains Strategy will enable government to share vital information and guidance with businesses on the risks to key supply chains and the practical steps they can take to protect themselves from disruption, including regular updates on emerging supply chain risks, such as new export bans on critical everyday goods imposed by other countries,’ said Ross Baker, Chief Commercial Officer at London’s Heathrow Airport.