#Stockpile stocks how to#
Between 14 and 23 December 2020, almost one-fifth of businesses that reported they were unsure how to prepare for the end of the transition period in BICS said this was because of COVID-19. It is difficult to disentangle the impacts of Brexit and COVID-19 on businesses’ stock levels.įor some companies, the two issues are linked. Was stockpiling because of Brexit or the coronavirus? Healthcare businesses were asked by the government to stockpile a six-week supply of products ahead of Brexit, but the rapid increase in coronavirus cases during December 2020 could also have affected this rise. This decrease was offset by rises in businesses reporting stockpiling in other industries, such as human health and social work. However, there was a large drop in the proportion of manufacturing firms who said they were stockpiling, suggesting companies in this industry had done so at least in part because of the approaching no-deal deadline. As a result, there is a small chance of double counting as “not sure” was not mutually exclusive on the survey but it is unlikely a company would have checked “not sure” and one of the yes response options.ĭownload this chart Businesses in the manufacturing industry were most likely to report stockpiling materials or goods Imageīetween 29 December 2020 and 10 January 2021, after a trade deal had been agreed with the EU, the percentage of businesses who said they were stockpiling remained similar to the previous period. The estimates for the number of companies who are stockpiling was calculated using the residual from companies who responded “not stockpiling” or “not sure”.Industries with fewer than 1% of respondents reporting stockpiling removed from the chart.Final weighted results, Wave 20 of the Office for National Statistics’ (ONS’s) Business Impact of Coronavirus (COVID-19) Survey (BICS).
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