Businesses must begin scenario planning for the best and worst case;
It is still unclear what Brexit will look like, but as this StrategicRisk analysis on supply chain risk illustrates, it is highly likely that trade barriers will emerge. Exit from the customs union will inevitably lead to increased compliance and administrative costs for businesses. The potential reinstatement of border controls could cause delays in the physical movement of goods, and the probable end of free movement of labour will particularly impact service industries. Companies should undertake scenario planning now to minimise the disruptive impact of Brexit on their supply chains.