Brexit – nine areas of potential impact for your business.
- UK market dynamics – possible market contraction; buy British campaigns
- Currency – impact on profits; delayed decision making due to uncertainty See Currency Risk Management Booklet
- Customers – impact on customers leading to challenges and opportunities
- Competition – expect new and increased competition
- Sourcing – impact on cost, certainty and quality; dependence on UK distributors
- Transport and logistics – established transport routes may no longer be optimal
- Regulations and standards – may change for exporting to and importing from UK
- Customs, tariffs and taxation – may see an increase in administration, cost and time See Customs Insight Course and the IntertradeIreland Start To Plan Voucher Scheme
- Movement of people – possible restrictions
The Brexit Readiness Checker is a starting point to help businesses to begin preparing a strategy and ready their teams in terms of planning and shining a spotlight on some of the key operational areas that may be exposed.
LEO Brexit Supports Guide
Currency Risk Management
