Preparing for Brexit

With Brexit on the horizon, we want to be able to support you in ensuring you are prepared for its implications.   

Following on from PwC's informative presentation at our recent networking visit to Gefco, we are planning some further in depth workshops with them. 

The results of this survey will inform the content of those workshops, so please complete this short questionnaire and help us to make sure we are meeting your specific needs in preparing for Brexit.

* 1. Does your company engage in any of the following trade?

* 2. What proportion of your inbound purchases are sourced within the UK?

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i We adjusted the number you entered based on the slider’s scale.

* 3. What proportion of your sales are sold within the UK?

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i We adjusted the number you entered based on the slider’s scale.

* 4. How familiar is your facility with how the products you buy and sell are classified under the customs tariffs? (1 = unfamiliar; 10= very familiar)

* 5. How accurate is your current tariff classification? ( 1 = Not acceptable; 10 = Totally accurate)

* 6. Rules of origin will become more important when we leave the EU, where a product originates from determines whether that product can enter other countries' markets without tariffs under free trade agreements.  How well do you understand which country products you purchase, produce and assemble will be considered to originate from under world trade rule?  ( 1 = no understanding; 10 = fully comprehensible)

1
i We adjusted the number you entered based on the slider’s scale.

* 7. To what extent does your organisation already have the skills to be able to properly classify your products under the correct tariff codes, complete certificates of origin and complete new requirements on import and export administration? (1 = no understanding; 10 = fully comprehensible)

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i We adjusted the number you entered based on the slider’s scale.

* 8. Has your organisation already completed an exercise to understand the impact of leaving the EU on your current supply chain?

* 9. How well do you understand the potential additional costs from import VAT, duties, additional capital tie-up (resulting from increased inventories due to extended lead time), and additional resource logistics departments from increased administration as examples of potential impact areas? (1 = no awareness;  10 = fully comprehensible)

1
i We adjusted the number you entered based on the slider’s scale.

* 10. Has your organisation considered or is already planning any on-shoring activities to mitigate risks associated to levels of UK content (rules of origin) and/or address any of the risks identified in the previous question?

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