On 23rd June 2016 the British people cast a democratic vote to leave the European Union (51.9% voted Leave, 48.1% voted Remain, 72.2% Turnout, 27.8% Disengaged). To say that the outcome of this EU Referendum is ruffling many feathers is the understatement of the year… It is a seismic shock that pulled the rug from underneath the apparent status quo. We take the view that it’s way too early to predict how this will pan out. In the immediate aftermath, these are the Brexit implications for Aloeride aloe vera we can see.
The value of Pound Sterling plummeted immediately after the vote was announced, which was excellent news for everybody buying Aloeride from abroad. Both a carton and a pack cost you A LOT LESS in your currency! We alerted our overseas contacts and many made a bargain purchase! The flip side for us is that the aloe vera we have grown becomes much more expensive which squeezes our already tight margin.
In 1940 Winston Churchill wrote to Australian Prime Minister Robert Menzies “success always demands a greater effort”. As true then as it is now. If “success is going from failure to failure with no loss of enthusiasm” is anything to go by, then the worst thing one can do is to lose enthusiasm. The European Central Bank doesn’t seem to lose enthusiasm, despite the Italian government’s debt, at €2.5 trillion, being about the same size as the debt owed by the French and German governments, and is larger than the combined government debt of Spain, Portugal, Greece, and Ireland, the four countries that needed financial bailouts. Troubled times ahead me thinks.