The Disruption is starting to take Shape in terms of Actual Numbers and they aren’t Pretty
CYA is not the way forward when it comes to Brexit.
It’s always true that the best way to navigate adverse times is with allies. If you treat your supplier as an ally and partner you will have the best chance of weathering the Brexit storm.
Almost two-thirds (63%) of European Union businesses that work with suppliers located in the United Kingdom expect to move some part of their supply chains out of the U.K. as a result of the Brexit decision last year to leave the EU, according to the results of a survey conducted by the U.K.-based Chartered Institute of Procurement & Supply (CIPS).
The shifts that are occurring come as the Brexit negotiations appear to be deadlocked, CIPS said, “with half of U.K. businesses saying they are becoming less confident that the U.K. and EU will secure a deal which continues to offer ‘free and frictionless trade’, while 35% of U.K. businesses feel unable to prepare due to the lack of progress on a future trade relationship.”
“Europe has complex supply chains and at the moment, there is no clear plan from Government, and shippers will need time to adjust to a new reality,” quoted in a Packaging News article.
“For every hour of delay at customs, there is a £15,000 ($19,791) cost to road haulage and that is not sustainable. We also need to note that most trucks in the U.K.’s supply chain come from Europe, not the other way around so if they can’t get into Britain, they can go elsewhere.”
To read the full article check here