Since the result of the EU referendum, the eProcurement system, Applegate PRO, has experienced a 20% increase in overseas tender requests.

The weakening of the pound is believed to be a contributing factor to this growth, making British products and services cheaper overseas and, as a result, providing British manufacturing with an opportunity to compete in foreign markets.

The Flash UK Purchase Managers Index (PMI) which provides accurate, timely data to measure industry conditions to purchasing professionals, business decision-makers and economics analysts, revealed export business rose for the second straight month and to the greatest extent in two years.

Despite the potential boost for exports from the drop in the value of sterling, Britain is still significantly behind the government target of £1 trillion of exports by 2020. The recently appointed Trade and Investment Minister, Lord Price CVO, stressed: “The UK punches well below its weight in the export market and badly needs to improve.”

Stuart Brocklehurst, Chief Executive Officer of Applegate, commented: “With concerns over domestic demand, exports offer a great diversification of revenue for UK businesses. The decline in sterling means our goods and services are around a tenth cheaper for overseas buyers and with Applegate PRO, these opportunities can be accessed easily.”

Applegate PRO is being utilised by a wide range of companies across the world, including Airbus, SpaceX, General Dynamics, NATO headquarters and The White House.

Ian Newberry, Operations Director at CQC added: “I very much agree with the consensus at the Devon International Trade Forum. The impact of the steep rise import costs has been balanced out by an increase in exports opportunities, protecting our bottom line. These include rises in the cost of raw materials, oil and European labour.

Our biggest clients are the Australian and Botswanan governments, we rely on a level-playing field to do business through free-access to government tenders across the EU and the world for a competitive edge in the marketplace.”

A recent survey by the Federation of Small Businesses suggested that the number of small businesses exporting could double due to this drop in value and cushion the economy from the uncertainty of leaving the EU.

David Noble, Group Chief Executive Officer at the Chartered Institute of Procurement and Supply added: “Supply chain managers must use this uncertainty to demonstrate what they do best – being agile, adaptive, sourcing the best goods and prices to steer their organisations successfully in the months and years ahead.”

For businesses looking to access these opportunities, more information is available on the recently launched, www.applegatepro.com. The website guides users through the functionality of Applegate PRO, informing them how to implement the best practices in procurement, including how to streamline the request for quotation (RFQ) function and obtain up to ten quotes for a list of products or services to attain the best value.

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