(Shutterstock)Over 20% of employees, questioned as part of research by finance company Premium Credit, claim that their firms are stockpiling for Brexit. Anna Tobin reports
The Premium Credit study claims that 22% of employees say that their employers have been stockpiling goods in preparation for a hard Brexit. Of those working for stockpiling employers, 16% reported that it has had a very negative impact on their organisation’s cashflow and 58% said it has had a slightly negative impact on cash flow. Two thirds, (66%), said that stockpiling has adversely affected their employer’s expansion plans; 60% say it has adversely affected recruitment; and 64% claim to have lost out on pay rises because of it.
“The implications are much wider than many may suspect,” said Adam Morghem, strategy and marketing director at Premium Credit. “From creating cashflow problems, to under insurance of stockpiled goods to curbing a business’ plans for expansion. Our findings also suggest that many people may also be missing out on promotions and pay rises as a result of Brexit related stockpiling.”
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NO DEAL BREXIT
ACTION PLAN
The No Deal Brexit Action Plan maps out the time available and the time required to undertake the processes to prepare your business for a No Deal Brexit.
Your business will need to modify or completely change procedures to prepare for Brexit. Brexlists help you take a rigorous and structured approach to your preparations:
- The Executive Summary Brexlist Brexit checklist, as its name implies, highlights the key issues
- The Business Functions Brexlist Brexit checklist maps onto the key business functions in a company
- The Directory Brexlist Brexit checklist maps onto the topic headings in our Brexit Directory
highlight what needs to be done, and by when, to ensure that all parts of your supply chain are prepared for Brexit:
- Identify the key questions for your business
- Share key learnings with your business partners
- Identify the key challenges and opportunities
- Highlight key internal and external priorities
BREXIT
DIRECTORY
The Brexit Directory is an extensive database of information and links organised by business function to help you find the information your business needs to know.