Brexit

In light of the current political and economic developments, the mood in the European transport and logistics branch remains somewhat subdued. However, the crises have taught the logistics industry the importance of resilient supply chains—and thus the need for diversification of logistics services.

Susan Boylan, Director Analyst with the Gartner Supply Chain Practice, assesses the challenges of a post-Brexit world for logistics leaders.

In the wake of Brexit and continuing trade struggles across the continent, U.S. shippers are urged to be flexible as new formalities take hold.

Brexit will give rise to several changes to cross-border shipping that logistics software will need to properly address in order to help cross-border shippers provide the service their customers seek.

Various scenarios for Brexit are being discussed in advance of Britain’s departure from the EU. In the meantime, shippers, ports, and transportation and logistics providers have all launched a number of initiatives in order to prepare for the worst-case scenario: the“hard Brexit.”

U.K. Prime Minister Theresa May’s Brexit deal was rejected once again by Parliament, throwing the country deeper into a political crisis and raising the prospect that the divorce will be delayed or even reversed.

We’re all sick of hearing about it, but for business leaders, warehousing and distribution operational managers, Brexit is posing tough questions and threatens to derail many supply chains.

With the risks Brexit could bring to the supply chain, this paper explains how to optimize your supply chain processes and eliminate inefficiencies with the help of supply chain visibility solutions and cargo tracking and monitoring.

The UK has been at the forefront of global aviation for more than a century, Airbus generates £6 billion of turnover in the UK, has more than 14,000 employees here and supports over 110,000 jobs through its supply chain, Airbus CEO, Tom Enders, explains why a no-deal Brexit puts this under threat.

For the UK, currently facing the very real prospect of a hard or no deal Brexit, complications in trading with the EU and other countries, coupled with vastly increased customs processing times, could lead to significant food and medicine shortages.

There are great long-term opportunities from Brexit, but companies need to be preparing for the changes that are sure to come, and ready when they arrive.

As stated by Donald Tusk, President of the European Council, the UK’s withdrawal agreement from the European Union has been approved, now the question is does Brexit represent a supply chain risk to be mitigated, or a supply chain opportunity to be exploited?

As the official notification for Brexit gets closer, there are many unknowns for businesses in terms of how changes may affect them as well as many impacts that are becoming clearer.

In this report, Aberdeen examines risk management from the demand side, the supply side, and the known areas of expected change resulting from the impact of Brexit and U.S. tax and trade policies.

Absent any contingency planning being made transparent to the industry, the risks of not addressing key issues could mean “chaos” for interrupted supply chains.