Beleaguered British retailers are braced for yet more changes to how they sell goods to the EU. From 1 July, a new EU Import One-Stop Shop (IOSS) scheme means British-based e-commerce companies only need to register and pay VAT in one EU country to sell goods not exceeding £135/€150 across the entire EU. The new IOSS regulations certainly make retailers’ lives easier, but they aren’t entirely good news, says the international delivery expert ParcelHero.
Small but Perfectly Formed is a cross Europe collaborative project that will accelerate fashion SME’s to transition to work within circular and sustainable business models. The project aims to select 28 SME led projects from around Europe working within circular and sustainable fashion, to support an 18 month project. The project will include a business development programme which will host an 8-month business accelerator and a 5-month R&D phase, culminating in a showcasing phase that will take place between July 2022 – April 2023. There is a funding allocation of €10,275 per partnership.
The third national UK lockdown produced a wave of start-ups, with arts and crafts the most common type of venture, according to Direct Line business insurance new policy data.
Mintos, Europe’s leading alternative investment platform for investing in loans, released its consolidated audited financial report for the year 2020 – along with a number of insights about lessons learned and what investors can expect in the near future.
A new business takes a lot of courage, and this holds even for small businesses. Entrepreneurs must exercise their proficiency on different levels - from legal to finances, from marketing to sales, there is a lot to take in before taking off.
While the UK-EU Trade and Cooperation Agreement (TCA) removed the prospect of a no-deal Brexit, it introduced a wide range of changes to the UK’s healthcare industry, ranging from border checks to additional regulations for businesses based in the UK and EU. These border restrictions may drastically and permanently reshape the way that businesses trade and operate, says GlobalData a leading data and analytics company.
Portugal isn’t outside the realm of typical expat destinations for British. With over 60,000 UK citizens in the Mediterranean nation, it is a popular place for living and retiring. Although Spain has always been the more readily chosen destination, Portugal’s Golden Visa program makes it a more straightforward option than its Spanish counterpart.
Significant changes are under way in the garment and apparel manufacturing industry. In many cases they are both driving and being driven by digitalisation in the sector. If the UK’s many smaller garment manufacturers are to treat these changes as opportunities rather than threats, they need to become part of the emerging digital ecosystem, and the entry level foundation for that is a competent ERP/MRP system.
Electronomous, the organisation behind Electronomous – The International Mobility Summit, an event that brings together global industry leaders, disruptors, innovators and public and private entities to collaborate on the next generation of mobility opportunities, has selected the City of Copenhagen as host city for its International summit in 2021 and 2022. Electronomous also announced, the call for speakers and abstracts for the summit is open and now accepting submissions.
The cardboard supply market is under stress, and forthcoming changes to the regime around packaging and waste will have further impacts. Retailers and shippers will need to act now to optimise their use of an increasingly valuable commodity. By Jo Bradley, Business Development Manager for Packaging Solutions at Quadient.
By leveraging online sales, UK auto retailers could reduce the transaction time taken to sell a vehicle by 75% and cut the costs incurred in the process by 45%, according to new research released by industry-leading automotive ecommerce solution provider GForces. The data indicates that, as per 2020, based on an annual used car market of 6.75 million sales, the industry could save £9.5 billion each year. Even a more conservative approach, based on a phased 30% transition to greater online selling, the sector could save £4.7 billion.
Many companies are aware of the benefits of becoming more sustainable. Eco-friendly brands can attract more consumers and generate more business through ethically aware products and services. According to one consumer index, 47 per cent of people worldwide agreed that they have switched to a different product or service because a company did not reflect their personal values.
