On the 29th of March, the UK will leave the European Union (or not, as the case may be!) – as depicted in the Banksy art-work above.
Whatever happens on that date, we have hopefully done as much as possible to negate any issues with trade across the EU until new ‘deals’ are struck.
As part of our mitigation, we have ensured we have alternative sources for any raw materials sourced in the EU – and in most cases these have already been trialled and tested to ensure conformity to our standards. We have identified just one material group that may be an immediate issue, and with these materials we have arranged for sufficient stock in the UK for the next 12 months.
We have already been forced to change another material source following the German manufacturers decision to increase costs by up to 40% – blaming this on ‘global’ circumstances – funnily enough we’ve managed to maintain our cost prices by re-sourcing and have no issues with supply.
As our materials now come from countries such as USA, Canada, India, Sri Lanka, Indonesia, Malaysia, Korea, China, Japan, South America and Africa we are also ensuring direct freight routes from these countries are available and that routing through EU countries can be avoided.
Hopefully this will be another ‘Year 2K’ scenario – where nothing is really affected – and businesses will continue to work together to overcome any difficulties!