The pandemic and Brexit together represent a shock of unprecedented proportions that have transformed the economy and changed priorities. I’ve begun to run out of superlatives to describe the scale of the upheaval we have all experienced in the last year. Manufacturing and construction have certainly fared better than some parts of the economy like retail and hospitality, but we are beginning to see the shoots of recovery everywhere. Now is the time to take a hard look at your supply chain and to create value. In my long experience, most companies underestimate this opportunity by as much as 50%. And the value can be delivered in as little as 90 days! Our new research featured in UK Manufacturing Barometer clearly demonstrates some of the issues you need to face into.
As we edge towards re-igniting the economy, CFOs of large, medium and small enterprises, need to focus on the basics. The old mantra "Cash is king" has never been more important if companies are to recover and take advantage of the new normal.
On 5th December 2018, we published a blog https://blog.insiderpro.co.uk/7-things-to-do-now-to-prepare-your-supply-chain-for-brexit
It's time to re-visit and assess whether those 7 things are still relevant today. Now, exactly two years on, UK and European businesses await final the Brexit terms, amidst dramatic newspaper headlines which talk about a deal "hanging in the balance" and threat of "catastrophe at the borders". Meanwhile, professionals in industry continue to assess the potential impact on their supply chains across the continent.
Topics: Supply Chain Management
Many, many articles have been published in past weeks, all attempting to assess the current crisis and foresee future impact.
From politicians, economists, supply chain experts, Big 4 consultants and Futurists like Gerd Leonhard (very interesting), it is easy to feel overwhelmed and confused.
The majority of us are at home with our families, trying to work whilst keeping safe and entertaining the children. There is rightfully much in the news about the NHS and essential key workers who are doing such important jobs.
Recent surveys show that many UK businesses are already preparing themselves for BREXIT by redesigning their supply chains in favour of UK companies.
We worked with a national builder and cut £millions off their cost base, moving their business from being uncompetitive to one of the most profitable in the industry.