To have any chance of winning a conflict or competition it is important from the outset that you have a belief that you can actually triumph. ‘Can Win – Will Win’ is the mantra of success. But, what happens when you come up against an equally skilled, equipped and determined opponent, who has the same mindset about themself? Each side has its supporters, who believe they have right on their side. Throughout history, opposing armies have gone into battle thinking God (often the same one) was with them.
The world order and our own political system are in a state of flux. Regarding Brexit, politicians on both sides are convinced they are right. In the meantime our economy is beginning to suffer, as the angst holds back business investment. Manufacturers continue to stockpile ahead of the looming deadline at the end of October. This is an added cost, but a better choice than potentially running short of vital raw materials. Further delays mean that this expense will continue to hinder purchasing decisions.
Itac invested well in its new factory. We are currently bucking any downward trends. The demand for our innovative adhesives and coatings is greater than ever and we continue to expand our month on month productivity.
We are now also in a run up to a General Election, which is itself a destabilising factor. Despite the odds, Boris Johnson has successfully negotiated a deal with the EU. More than half of business leaders support it, according to a poll by the Institute of Directors. The longer Brexit remains uncertain, the more damaging the impact on UK growth. The new deal is a compromise with many detractors who may yet prevent it being ratified. However, there are times when a draw can be worth just as much as a win.
Thanks for all your comments please keep them flowing.
Itac Managing Director
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