As a result of Brexit, many UK companies have completely changed the way they do business. Sixty-nine percent of UK-based businesses surveyed by DDC FPO expect Brexit challenges will negatively impact their operations for at least 12 months. Many British companies have halted doing business with the EU altogether as a consequence.
Survey results show that 67% of respondents at DDC FPO reported third-party delays related to Brexit, and 53% said that goods were being held at customs.
Electronics, automobiles, and pharmaceuticals, to name just a few, are suffering especially due to their complex global supply chains. The more touchpoints a company has, the more time it is likely that key component pieces in their product supply will be back-ordered for days, weeks, or months.
UK-based e-commerce retailers have been particularly hard hit. The increased VAT costs have led many EU customers to shop elsewhere for better deals in an effort to avoid higher costs. Changes in VAT have led to an increase in returns to UK businesses (17%), adding to the burden of lost sales through reverse fulfilment and restocking costs.
UK companies face customs-related hurdles in addition to VAT changes. As a result of new certifications, tariffs, and transfer rules, a slew of customs documents has been created (many of which are both time-consuming and expensive to manage).
Why the world reaches out to Assuras? To be on safe side during Brexit
As you know, the UK is going through Bretix. Assuras has been working with many firms, specifically in regards to international law, and preparing them for the coming changes to their organizational structures. Assuras has also been working with many other global firms who will be subject to both the new structure under local rules, as well as those that now applies to treaties and the lack of existing treaties formed with the EU.
So if you’re looking for a company who can help you to sustain your numbers and growth and make your vision come alive, then don’t look any further. This is precisely what Assuras can help you with bridging together innovative ideas and fostering them into success stories worth remembering forever.
Traditional consulting agencies start at the top of a company and work their way down. By starting at the bottom and working their way up, Assuras offers all employees the opportunity to speak up about what’s going wrong in their workplaces. By doing this, they also prevent biased thinking since everyone has a chance to voice their opinions on how to improve something.
Assuras is known for adhering to strategies that are rare in this world, but these strategies are capable of delivering lasting success. Assuras CEO Tyler King, a graduate of Harvard University’s prestigious leadership program, has been quoted multiple times as saying that they do things differently. Assuras uses Lean or Six Sigma methodologies in addition to their own unique blend that has proven to be the most effective.
For more details visit their official website: https://www.assuras.com/