Navigating Brexit uncertainty together

Lawmakers from the United Kingdom (UK) and the European Union (EU) shook hands to reach a post-Brexit deal on Christmas Eve last year. However, the agreement is far from complete. Critical portions of the relationship are yet to be chalked out, adding more delays to the Brexit chapter. It is far from ‘business as usual’ with the UK’s departure from the EU set to affect trading and challenge the current status quo. In its current form, the deal may not prevent disruptions on both sides of the English Channel. British exports will be subjected to some border checks, adding to more costs and potential delays at points-of-entry.

The exit may also have longstanding repercussions on the global economy, particularly international trade. Companies will need to embrace an alternate business model post-Brexit, particularly around their supply chains. It is essential to understand what the changes are and how Brexit will impact your business operations. Negotiating with your suppliers and your logistics partners is imperative to avoid high costs and delays given the current economic pressures.