1:03pm 4th October 2019
As we know, the UK will be officially leaving the EU on October 31st 2019. Brexit is a reality that businesses around the world have to face and prepare for, whether you are:
While specific mechanics of how the Brexit separation will work remain unclear, it’s certain that there will be:
Tariffs: On finished, raw materials or intermediate goods, based on what is negotiated between the EU and UK.
Forex currency: Any depreciation of the pound due to impact of Brexit will one hand create more opportunity for exports from the UK, and on the other hand, lead to a rise in import costs.
Supply chain delays: The imposition of new customs requirements and additional documentation will likely cause delays in clearances, additional
Taxation: The UK could reduce corporate taxation to maintain and grow its share in trading activity, leading to enhanced logistics needs.
These are just a few of the many significant challenges that supply chain professionals with businesses need to appreciate and understand. Please read the following article so you start getting ready and implementing course of action to avoid impacts on your business:
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