With Brexit crossing the finish line (at last!), the UK has now officially left the EU. As a result, now is the time for your clients to rethink their supply chain On 1 February, the UK entered an 11-month transition period in which it will continue to follow EU rules, but without representation in the bloc’s institutions.
Therefore, your clients may have certainty for the next 11 months, but after that no one can confidently predict what happens next.
Reviewing your supply chain will help your clients to determine whether they are sourcing from, or supplying materials/products to, the EU. If this is the case, they may need to change how and where they source their supplies in the future.
This may be for a number of reasons including availability, cost, potential tariffs, security and risk. There may also be the issue of potential delays, as ports may have to examine shipments, as well as the necessary documentation that will be involved post-Brexit. All these potential changes could have a significant impact on your clients existing supply chain.
Remove the uncertainty with Trade Finance
Trade finance from Global Asset Finance Limited and its partners can help your clients prepare for likely changes in respect of overseas trade, helping remove some of the headache.
We can ensure that your clients suppliers are paid securely, ensuring that they don’t put your own capital at risk, goods are delivered in a timely manner, and the process is managed from pick up to delivery.
Our trade finance product can fund purchase orders as well as VAT, duty and logistics helping you to free up your clients working capital.
Contact us today and see how we can support your client’s growth and remove the risks of trading overseas.
We look forward to working with you!
Do Not Keep Us a Secret We Grow by Referrals and Welcome Yours