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Glass News, VOI, December

What has 2019 been like for you, bearing in mind it hasn’t been an easy year for anyone? With all the uncertainty around Brexit, politics and the economy in general, plus a general election in the offing, what do you think is in store for you, personally, your company, the industry, and the UK in 2020?

Given that this is a market where the uncertainty over Brexit is having such a major impact on consumer confidence, Mila has performed remarkably well in 2019. Sales are up and a continued focus on controlling costs has meant we have been able to maintain the all important investment in new products.

I think we all want to be able to move on now, but I’m cautious that any kind of hard Brexit in 2020 could still have a disproportionately negative impact on the hardware sector. A fall in the value of the pound, for example, would mean more expensive imports and a rise in commodity prices which inevitably mean surcharges for customers.

While I still see lots of resilience in this market, there are inherent risks for underfunded businesses even from a potential Brexit boom, so there will be challenges ahead for many. However, there is always room for optimism and in the hardware sector I think that will be driven by the growth in smart tech and Mila will be making some major announcements on that in the new year.

Richard Gyde
Managing Director

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