Little Brother Books’ Matthew Reynolds talks 2019 challenges and opportunities.
It’s the start of a new year, one which could potentially bring some serious changes to the way business is done in our industry.
We got the lowdown from some key licensees as to what they think will be their main challenges in 2019 and why.
Today: Matthew Reynolds, md, Little Brother Books
“The obvious answer to this must start with the effect of Brexit on the supply of goods. Our two main challenges will be the fluctuations in exchange rates when buying products or paying royalties to international suppliers/licensors, and also the free flow of goods into the UK (delays at borders, new duties, etc).
Both of these could present serious challenges to our business model, but where there are challenges, there are opportunities, such as exploring UK manufacturing instead of foreign, which is a possibility in publishing. These domestic suppliers might be even more keen to work with UK companies going forward, so competition could drive cost efficiencies.
The spin-off effect will be our cost prices to our retailers and in turn their customers and how these are accepted and absorbed.”