Understanding your business’s supply chain is imperative when faced with changes to customs duties, greater regulation, the potential subsequent delays to goods and services, and the ability of a business to trade.
Have you considered the impact of Brexit on your supply chain?
Trade considerations beyond Brexit
Have you mapped your supply chain?
Supply chain mapping and review - Mapping upstream and downstream supply chains to identify and mitigate potential risks.
Does your planning match the possible scenarios?
Tax planning and advice - Tax advice and planning to support your strategies for leveraging opportunities and mitigating risks.
Do you need to update your contracts to achieve your business plan?
Contracts and negotiations - Negotiate changes to and update existing contracts with suppliers and employees.
What are the key risks to your business?
Impact assessments and stress testing - Run impact assessments and stress test forecasts and financial modelling to highlight key areas for concern.
How have we helped our clients?
We have been working with an EU based international business to develop and adapt its Brexit strategy since March 2017. The business has extensive international supply chains with a manufacturing focus in the UK and Ireland.
How did we help?
As part of our solution, we guided the business through the potential impact of Brexit on the business – through mapping out and discussing the operations, manufacturing, supply chain, and sales activities. The subsequent Brexit impact analysis led to an agreed action plan for the second (implementation) stage of the project, as well as a third (post-Brexit) stage.
The second stage of the project saw the development and implementation of the strategy that focussed on preparing the business for a worst case, no deal Brexit, as this was determined to provide the optimum flexibility for the business. It primarily focused on securing specific customs authorisations from both the UK and Irish authorities (HM Revenue and Customs, and Irish Revenue Commissioners respectively) that would provide the platform for maximum supply chain agility.
A third post-Brexit stage will be to react to the impact of whichever type of Brexit is ultimately agreed upon and work with the business to implement to the agreed strategy and modify where required.
If you would like to know how we could help your business with preparations for Brexit, please get in contact with Simon Hart.