The UK is set to withdraw from the European Union in less than three months. “The big pain around Brexit for the supply chain, as elsewhere, is the uncertainty about what the final deal – or not – is going to look like,” said FuturMaster sales director Nick Giuffrida in a statement.
Food manufacturers are investigating how resilient their supply chains will be, in different Brexit scenarios, to “efficiently manage the uncertainty that is coming,” Sewell told this publication.
Some may consider moving certain manufacturing or distribution operations to central Europe, he continued, adding that supply chain uncertainty and risk management studies can help businesses “get a step up” against their location competition.
“If you embrace Brexit as a business, and make sensible, data-driven decisions, and do that better than your competitors, then you’re in a place where you may be extending your market share.”