BREXIT

Global supply chains have come under renewed pressure during the COVID-19 pandemic. Brexit presents another vulnerability that must be managed. While the reach of many value chains is global, a large share of operational networks tend to be regional.

As the UK reaches the end of its transition period with the EU, any trade resistance could significantly impact UK supply chains, to the point of changing the viability of some production activity in the UK and supplier agreements across Europe.

Below present priority checklist for businesses as the transition period approaches. However, businesses should be cautious that decisions made today have lasting impact tomorrow. Business will need to ensure their operational networks and supplier agreements remain resilient post 1 January 2021 when making these short-term changes.