Brexit – How to protect your supply chain?

Brexit (Britain leaving the European Union) is now a reality. UK companies with significant trade links with the EU do not yet know how the Brexit will impact their business’ bottom line. Companies outside the UK are equally uncertain as to how it will impact their supply chain and sub-Tier supplier network. Do you know how your company’s supply chain will be affected?

Brexit - supply chain risk management

Brexit – supply chain risk management

 

What we do know is that you need to prepare and discover the risk to your supply chains and your supplier networks. Brexit is more than macroeconomics and has a direct impact on your company performance, customers, suppliers and investments.

Even if your company does not do direct business with EU or UK enterprises, you likely have suppliers or partners in your network or supply chain who do; if they are affected, you are affected. This is particularly true in sectors with complex supply chains such as the automotive and chemical industries, and where the impact of Brexit will be felt most.

 

EU/UK post-Brexit Agreements

One thing is certain: The transition period will be complex and potentially disruptive to your organization’s supply chain. Here are the main topics we will discuss in our Brexit Coverage over the coming months:

  • Post-Brexit Agreement Negotiations – the most important factors that impact your Supplier Networks and your Supply Chains
  • Supply Chain Disruptions – How to receive notifications if a new rule impacts one of your suppliers
  • Alternative Planning – Preventative actions you can take immediately to minimize the potential impact of new regulations
  • Curated content and actionable advice from SCRM experts

 

From Supply Chain Risks to Opportunities

Every risk can be an opportunity. Despite potential disruptions, the Brexit is an opportunity to reevaluate the status quo and upgrade your risk management processes to comprehensively monitor your supply chain from end to end.

Are you concerned about Brexit? Are you concerned that it will impact your suppliers?

Have you already read part 2 of our Brexit series about supply areas to watch? Also read our Special coverage where we focus this topic in detail.

Get in touch now or subscribe for regular updates.

Heiko Schwarz is the Founder and Managing Director of riskmethods, responsible for Sales, Marketing and Business Development. Heiko has been working in the software business for 16 years, with 13 years in different areas of the strategic purchasing market. He has excellent knowledge in procurement, supply management and risk management and has been successfully helping supply chain and procurement organizations implement solutions to increase performance, reduce costs and minimize risks.

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