John Glen discusses the "Brexit & Coronavirus Economic Impact 2021"
CIPS Economist Dr John Glen on the challenges the UK economy will be facing in 2021 and the knock-on effects of COVID19 from this year.
LISTEN TO THE PODCAST
The Brexit Storm
Nearly a quarter of businesses say they will run low on stock in the next few weeks if the situation at the border continues
The survey, of 185 UK and EU supply chain managers who have imported or exported through the UK-EU border since January 1st, found that 60% had experienced delays getting goods into the UK from Europe. Over a third (37%) reported that goods had been delayed by several days.
The situation is only slightly better in the opposite direction, with 45% having experienced delays getting goods into Europe from the UK and 28% saying goods were delayed by several days. Less than a quarter (24%) said they have not noticed any difference in the time it takes to get goods into the EU from the UK.
Dr John Glen, CIPS Economist, said: “Worryingly, it is likely the delays at the border will get worse before they get better. Traffic through the border since January 1st has been low compared to historical levels, but with December stockpiles depleting it won’t be long before trade traffic increases and more pressure is placed on these new border processes.”
What Does Brexit Mean for Procurement?
As we approach the end of the first month post-Brexit, there is concern that these delays will intensify as the volume of goods being moved across the border increases.
How Does Brexit Impact Public Procurement?
The UK government’s green paper on procurement sets out a plan to fundamentally change the structure of public procurement, signalling major changes ahead for buyers.
Preparing for Brexit
How are many UK supply chain managers preparing for Brexit?
With many procurement professionals starting to take active steps now to focus attention on the possible impact of U.K’s exit from Europe. CIPS have sought feedback and guidance from our procurement community.
As experts align their processes and systems to buffer them through what could prove to be turbulent times, they have offered insight and guidance for practical application and consideration that may support you in your role.
DOWNLOAD BREXIT GUIDE