From the second quarter of 2020 through the first quarter of 2021, Chinese imports to the United Kingdom steadily increased. With the EU transition period that ended January 2021, this trend is expected to continue, as 77 percent of chief procurement officers say they have no plan to reduce the value of their sourcing from China leading up to 2025.

Trade winds
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To read the article, see “Procurement for prosperity: How UK CPOs can navigate uncertainty and change,” May 18, 2022.