Department for International Trade: Consumer and Retail recovery measures

by | Sep 10, 2020

Exports Minister, Graham Stuart MP, has announced a series of new measures to supportĀ businesses in the consumer and retail industry to export overseas as part of efforts to help the sector recover from Coronavirus.

 

The new measures will offer immediate support to businesses by providing specialist advice on online retail and international market places. Additionally, the launch of a new Consumer and Retail Export Academy will provide businesses with the critical knowledge, skills and networks needed to increase exports.

“We recognise that Coronavirus has brought challenges to many industries, not least the consumer and retail sector, where so much depends on face-to-face interactions. This package of support will give businesses the helping hand they need to adapt their methods and thrive in the future”, Graham Stuart MP, Minister for Export.

The plans will outline long-term support as new export opportunities arise from trade deals being negotiated with the US, Japan, New Zealand and Australia. E-commerce will be at the heart of the plans, with measures tailored to help consumer and retail businesses develop international, multi-channel, e-commerce strategies fit for the changing retail environment.

The value of online sales has risen by more than 300% in the last ten years. As a result of Coronavirus, this trend is expected to continue. Many UK businesses are already experiencing increased online sales.

The full range of measures announced today include:

1.Ā Ā Ā Ā Consumer and Retailā€ÆExportā€ÆAcademy:ā€ÆAā€Ædigital learning syllabusā€Æof consumer & retail-focused webinarsā€Æavailable throughā€ÆDITā€™sā€Æonlineā€Æplatforms;ā€Æa dedicated regional coachingā€Æprogramme; and an extensive library ofĀ industry-specific factsheets on key export markets.

2.Ā Ā Ā Boostedā€Ædigital and e-commerceā€Æofferā€Æto consistā€Æof threeā€Æinitiatives:

a.Ā Ā Ā Ā International Clicks Fast Track Initiative:

Access to newā€ÆDITā€Æpartnerships with business-to-business marketplaces,Ā increasing the routes to market following store closures due to COVID-19.

b.Ā Ā Ā Ā Omnichannel Optimiser Initiative:

Tailored advice for consumer and retail businesses to help them develop an international multi-channel strategy to help them succeedā€Æonline;
Exclusive e-commerce related insights from industry experts via talks, virtual events andā€Æpodcasts;
Aā€Æspecialistā€Æwebinar series equipping exporters with e-commerce knowledge to help them take advantage of the growing digital opportunities that have emerged from the COVID-19 outbreak.

c.Ā Ā Ā Ā Ā FDI e-commerce marketing campaign:

Digitally led marketing activity to showcaseā€Æe-commerce inward investment opportunities to potentialā€Æinternational investors.

3.Ā Ā Ā Ā UKEF offer:ā€ÆFurther outreach and engagement with the industry to respond to the industryā€™s needs; a refreshed ā€˜Exporters Edgeā€™ campaign to raise awareness of the support available; and easier access to working capital to allow a wider range of businesses to access support.

4.Ā Ā Ā  Aā€Ædigitalā€Æinvestment prospectus:ā€ÆAā€Æprospectusā€Ædetailing the UKā€™sā€ÆRetailTechā€Æoffer and unique capabilities. This will be promoted in key marketsĀ toĀ engage with inward investors.

5.Ā Ā Ā Ā Showcasing ā€˜Brand Britainā€™ at global events:ā€ÆLeveragingĀ Governmentā€Æpresence atā€Æhigh profile events toā€Æprovide a platform for consumer goods companies to showcaseā€Ætheir offering to a global audience;ā€Æenabling UKā€Æcompanies to use GREAT branding atā€Æglobalā€Æevents;ā€Æengagingā€Æconsumer and retail businesses inĀ theā€ÆMidlandsā€Æregion toā€Æhelp themā€Ætake advantage of DITā€™s international events, andĀ HyveĀ Group PLCā€™s market-leading trade showsĀ as a platform to reachā€Æoverseasā€Æbuyers.

For further reference, please refer to the Government website: https://www.gov.uk/government/news/bounce-back-plans-launched-for-consumer-and-retail-industry

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