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Brexit stockpiling is on hold because of financial damage from the pandemic 1/ https://www.bloomberg.com/news/articles/2020-08-27/firms-aren-t-preparing-for-brexit-due-to-virus-institute-says?sref=yMmXm5Iy">https://www.bloomberg.com/news/arti...
With cash reserves depleted, firms don& #39;t have the money to build up Brexit stockpiles like before previous deadlines, according to the Chartered Institute of Procurement and Supply 2/
Plus there& #39;s a psychological block - companies have already marched up the hill and spent money before, only for Brexit not to happen. Johnson and Gove need to convince firms that this time it& #39;s for real, says @cipsnews economist John Glen 3/
As it stands, if there is disruption to UK-EU trade on Jan 1 2021 as many fear, firms won& #39;t have the stockpiles to fall back on to stop shortages, according to CIPS 4/
Why is disruption expected? Even with a free-trade deal, companies face a wave of new red-tape and paperwork on UK-EU trade that they are ill-prepared for. This just one example 5/ https://www.bloomberg.com/news/articles/2020-07-29/brexit-red-tape-reality-dawns-on-firms-bracing-for-origin-burden?sref=yMmXm5Iy">https://www.bloomberg.com/news/arti...
Plus all the still-to-be-tested customs systems and processes, and a shortage of agents to handle the extra paperwork. The Brexit lorry parks are being readied as we speak 6/ https://twitter.com/Joe_Mayes/status/1286647599336960002">https://twitter.com/Joe_Mayes...
The government really needs firms to start heeding those Brexit adverts, which have been criticized for being too positive in tone. We& #39;re entering the crucial last stretch of preparations.... ends/ https://www.bloomberg.com/news/articles/2020-08-27/firms-aren-t-preparing-for-brexit-due-to-virus-institute-says?sref=yMmXm5Iy">https://www.bloomberg.com/news/arti...
