Brexit Updates,Brexit-Lean

Get Your Business Brexit-Lean

Attended a Brexit event on Friday organised by InterTradeIreland and Cork Chamber. There was a huge attendance which reflected the anxieties of a lot of companies at the event.

The CEO of InterTradeIreland, Thomas Hunter McGowan, quoted from a recent survey with some startling responses:

  • 98% of firms had no plan for Brexit
  • 91% of cross border traders had no experience of dealing with tariffs
  • 25% expect sales to drop, rising to 42% for those in manufacturing

The 4-freedoms of the single market were also discussed and how these will be under threat between UK and Ireland post Brexit i.e. freedom of goods, freedom of workers, free movement of capital and freedom to provide services. Therefore, if you sell products in or to the UK, source products or services in the UK, source labour in the UK and/or hold regulatory licences in the UK then Brexit could have a significant negative impact on your business.

The question was asked how do you build value in this environment and Lean Techniques appeared as the first bullet point.

Brexit Lean.jpg

We would strongly suggest that all those impacted should seriously look at getting Brexit-Lean through seeking external supports to recalibrate strategy and streamline their business processes.

Read the rest of our Brexit blogs via this link

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