How to Find The Right European Distribution Partner in Ireland Post-Brexit (Infographic)
Whether Britain’s withdrawal takes place next week or next year, it’s important to have a plan in place for your supply chain post-Brexit.
Accounting for half of all trade, the European Union is the UK’s largest trading partner. Many online retailers in Britain depend heavily on trade with the EU and have close links with European-based suppliers. As such, these businesses stand to face huge supply chain disruption post-Brexit.
What Impact Will Brexit Have on Supply Chains?
Due to the EU’s customs union, British companies do not have to pay tariffs when trading with other member states. This will change once Brexit takes place, and businesses will have to pay more for customs declarations and rules-of-origin checks. This will bring about dramatic supply chain cost increases for many businesses.
Longer customs processes are expected to cause significant road congestion which will, in turn, lead to massive delays. In Dover alone, experts are predicting a five-fold rise in customs checks and it is estimated that some 10,000 lorries may be held on local roads. According to one CIPS study, customs delays of just half an hour has the potential to bankrupt one-tenth of all UK businesses.
What Can Your Businesses Do to Brexit-Proof Your Supply Chain?
If you wish to mitigate the damaging effects of Brexit, then you may want to consider partnering with a distributor in the Republic of Ireland. This would provide an opportunity for your business to side-step many of the supply chain issues linked with Brexit. For advice on how to find an Irish distributor that will suit your business’s post-Brexit needs, take a look at this handy infographic from 2Flow. This useful guide focuses on the benefits of relocating your distribution to Ireland and also offers tips on how to find the right distribution partner for you.
Scroll down to the infographic created by 2flow below to learn more.