As the Brexit vote roils markets across the globe, uncertainty looms in the air for many businesses. Even U.S.-based organizations without operations or suppliers in Europe are feeling the “significant economic repercussions” of the U.K.’s decision to leave the E.U.
Economists have been scrambling to determine the full impact of the referendum. It seems clear that all aspects of the supply chain will be affected in some way. But we won’t have a clear picture of precisely how prior to the conclusion of the two-year period of negotiation on Britain’s exit terms. Some experts speculate that it could take up to 10 years for new trading relationships with various countries to play out.
For now,“the overriding message for the European logistics and supply chain industry is one of ‘business as usual,’” says Transport Intelligence’s CEO, Prof. John Manners-Bell. “It will be in everyone’s interest to ensure that there is as little disruption to the movement of goods throughout the region as possible.”
Life after BREXIT: What are the UK’s options outside the European Union? Centre for Economic Performance, London School of Economics and Political Science
Logistics Executives Say Brexit Will Rattle European Supply Chains Wall Street Journal
What Is the Impact of Brexit on My Business? Uncertainty Ripples Through the Supply Chain Forbes
Brexit, the Next Big Disruption for the Supply Chain? Supply Chain 247
Five Models for Post-Brexit UK Trade BBC News
Brexit Wins – What’s Next for the Procurement Industry? Digital Supply Chain
Procurement, Supply Chain and Brexit: Obvious and Less Obvious Considerations Spend Matters
Brexit to Boost U.S. Exports to Asia, Depress Activity to Britain and Europe, Economist Says DC Velocity
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