19 Oct 2020 -
 General

Question: Are we no more ready for Brexit than before the pandemic?

Bloomberg reports that lingering uncertainty over EU talks and Brexit is creating a much bigger supply-chain challenge for some companies than the panic buying during the pandemic – Is Covid a Dress Rehearsal for Brexit

The UK Business Secretary, Alok Sharma, wrote to businesses last week imploring them to prepare for the end of the transition period. The message was that unless companies act now, they’ll face difficulties.

The Register recently reported that supply chains remain in the dark over how to plan for Brexit with mere months to go before the UK potentially exits the European Union without a trade agreement, according to one of Britain’s biggest IT distributors.

In the article, Joe Hemani, chairman at Reading-based distributor Westcoast, one of the largest wholesalers in Europe, said any business which claims it is ready for Brexit might not be telling the whole truth.

“Until such time as we know what the arrangement with our European partners is, there is no way we can prepare anything. We talk to our logistics supplier, we talk to pan European suppliers, we talk to hauliers, we talk to route masters – and everybody’s in the same boat.

Previously The Guardian quoted an LSE (London School of Economics) report that the economic cost of a no-deal Brexit could be two or three times as bad as the impact of Covid.
“Our modelling with LSE of the impact of a no-deal Brexit suggests that the total cost to the UK economy over the longer term will be two to three times as large as that implied by the Bank of England’s forecast for the impact of Covid-19,” says the report.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than 27 years of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

Either through the hundreds of manufacturers we purchase directly from, or the international network of component supply-partners offering full product traceability, Astute Safe-Supply, run by sourcing experts and offers a deeper insight into the global components markets.

With real-time access to the latest listings and prices cultivated through several decades of close supplier partnerships, we are able to spot price disparities and leverage product price variances to deliver cost-effective solutions to customers, whilst ensuring a quality, risk-free supply.

For more help with looking at supply chain options, contact Astute Electronics.

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