The UK Business landscape is fundamentally different post-Brexit. Purchase and Sales teams need to understand the impact on their businesses to this point, and what legislative changes will affect their future transactions.
It can be a complex subject, so it can bring a big sense of satisfaction to help a client understand the principles. Our client was sourcing parts within a UK supplier framework, but was aware of alternative suppliers within the EU and Asia. The first steps were the most difficult, establishing EORI, deferment account and incoterms for the main production material purchases.
The benefits of this strategy came with increasing the scale and scope of the worldwide purchasing strategy.
More options mean more price competition, and more savings on raw material cost that fed directly into the profit margin for their finished materials. UK industry is heavily steered by price right now, so we were delighted to see our client gain a competitive advantage through a bigger strategic vision.
We are still here for them, for every new update to legislation, and every concern about supply chains resilience. But the important first steps are complete, so there is no limit to where their business can go from here.