Perceiving and managing Brexit risk in UK manufacturing: evidence from the midlands

Abstract

ABSTRACT This paper assesses the risk implications of Brexit for UK-based, manufacturers, drawing on data generated from semi-structured interviews with senior managers and directors in the advanced manufacturing sector of the West Midlands region of the UK in 2021. The UK’s departure from the EU has led to increased socio-economic risk for manufacturing businesses, requiring careful management by the latter. This paper draws on elements of the Kasperson et al. [1988. The social amplification of risk: A conceptual framework. Risk Analysis, 8(2), 177–187] Social Amplification of Risk Framework (SARF) to explore the communication of risk and uncertainty to businesses, during and post-Brexit discussions. This paper then examines the extent to which risk arises from changes to supply chains and production regimes and in turn examines consequences for the management of risk.