Ministers have warned business leaders there are limits to what the UK government can do to protect critical global supply chains as attacks on ships using the key Suez Canal route continued this week.
“It is first and foremost for businesses to manage their supply chains, with government intervention reserved for those areas where it is necessary, such as in cases of market failure,” Nusrat Ghani, business minister, said on Wednesday.
Her comments came as she unveiled a report outlining a new critical imports and supply chains strategy that set out ways the government can help industries retain access to critical products such as medicines, minerals and semiconductors against an increasingly unstable geopolitical backdrop.
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