Page 3 - Be Ready For Brexit

— Delivery and delivery times are an important aspect to consider. You may well be able to maintain your supply sources for products, but are they going to take longer to get to the wholesaler and to you? Have you increased your stock levels to allow for any extended delivery times, do you need to arrange more storage, how will the additional stock holding and storage be funded, can you team up with fellow traders to reduce costs?
— Does your product category have specific guidelines or regulations? Will these change post-Brexit — and are the guidelines EU or UK-based?
— Positive actions to consider include:
• Investigate alternative suppliers
• See if you can source from within the UK
• Look to stock alternative product ranges
• Use this as an opportunity to drop slow sellers and find new better sellers
See Government website for advice on any specific product category regulations
https://www.gov.uk/guidance/the-retail-sector-and-preparing-for-eu-exit
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