At this current time, similarly to in March this year, there is a great deal of uncertainty in relation to the nature of the UK’s withdrawal from the European Union, the European single market and customs union. HM Government have issued further advice and recommendations to all UK Businesses in regard to preparations for a “No Deal” EU Exit. Shorts have implemented all relevant Government recommendations to date and will continue to monitor and act on any future advice.
In terms of our ability to supply EU produced components and spares into the UK, even in respect to a “No Deal” withdrawal, we do not foresee any issues regarding our overall ability to continue to supply the same products and services once the UK has left the EU. However, we do anticipate that both the Cost of Goods and Delivery Times may become significant issues for the lift industry and countless others across the UK as a result of leaving without a deal.
Unfortunately, there is no way for us to fully anticipate what effect the UK’s withdrawal will have on the financial markets and the value of the Pound (£) against the Euro (€). As with all exchange rate fluctuations we will look to reduce any negative impact onto our customers and as such we hope to hold off any price changes until we have more concrete data post-Brexit.
In terms of delivery times; we continually review stock levels throughout the year as standard and have already begun to examine our stock holding in the event of a “No Deal”. Consensus in industry is that in the event of a “No Deal” Brexit there may be some disruption to cross border trade for a limited period which could lead to some logistical delays at ports. It is expected that these delays will occur for a period of 4-6 weeks until new arrangements are put in place and bed in. We are working with our supply chain to minimise these delays where possible and we continue to monitor and act on government advice in the lead up to 31st January 2020.
Shorts have always strived to put our customers first and provide products, services and solutions specifically aimed at the Lift Trade. Our Customer Focused approach will continue throughout 2020. Our relocation to bigger and better premises is now complete, just a few hundred yards down the road from our previous Bradford offices. This move has been a long time in the planning and will allow us to increase our capacity across all areas of the business and support our customers even more closely than before.
We’d like to take this opportunity to assure you that the entire Shorts Team are here to assist you and minimise any impact throughout this withdrawal period.