In the future, prices will reflect what they really cost to produce and get to you, with only an appropriate layer of profit added at the minimum number of stages of the supply chain that are necessary for any essential goods or service provision to reach you.
For instance, you buy a loaf of bread from the baker. The baker buys the flour from the miller. The miller buys the wheat from the farmer. That’s three necessary points in the supply chain that gets you a loaf of bread.
What we don’t then need is a broker buying the wheat from the farmer that he hasn’t even grown yet, and then selling it on to a grain merchant when it has actually been produced, with both of these two stages themselves adding unnecessary work and additional profit for themselves, all adding to the end cost for you.
This example is a very simplified view – and deliberately so.
Try to visualise just how many different interests have and are able to become involved with the process or supply chain providing goods and services, where global and even UK-wide supply chains are at work.
The prices of everything have been massively overinflated without any additional value being added to the end product.
This is one of the key reasons why we will return to supply chains that are as local as it is possible for them to be, and a system where only recognisable players – who are adding value to the end product – are actually involved.
Adam Tugwell 