How can the manufacturing industry prepare for Brexit?
Monday, 20 July 2020
Whilst businesses continue to adapt to the COVID-19 pandemic, we mustn’t forget that we’re less than six months away from the end of the Brexit transition period on 31 December 2020. The COVID-19 pandemic has no doubt prompted management teams to review all aspects of their business, not least their supply chain. Now is a good time to take this analysis, and perform a second review with Brexit in mind, to make sure that any potential issues are resolved to prevent significant delays to lead times.
A key part to supply chain management is the data management system. Irrespective of a Brexit deal or a no-deal Brexit, goods will need to be declared and customs procedures applied. By having a suitable reporting system, the quality of data used as part of Brexit planning will make sure that future financial projections are as accurate as possible.
At Larking Gowen, our specialist Brexit team has expertise on the transfer of goods and services post 31 December.
Please contact us if you would like assistance in understanding the potential implications for your business, both financially and logistically. You can find contact details on the Our People section of the Larking Gowen website. Alternatively, call 0330 024 0888 or email firstname.lastname@example.org.