The “No Deal” Scenario
In the current state of flux that surrounds the Brexit negotiations, there are many possible outcomes. For most businesses, planning for any – never mind all – of these scenarios is simply not practical. However, if no arrangements are concluded for the withdrawal agreement and there is no transition period or alternative arrangement, then our article 50 notice expires at 11pm (midnight in Europe) on 29 March 2019, at which point we leave the EU. The UK will no longer be part of either the single market or the customs union. The four freedoms (of movement of goods, services, capital and people) will no longer apply.
At that point the UK will be treated by the EU in the same way that it treats any other non EEA country. World Trade Organisation (WTO) rules and schedules will set the baseline for UK trade activities.
Supply Chain Risks
All supply chains present a risk to businesses as they sit outside the organisation and so are not within your control. In cases of a particularly complex supply chain, your suppliers may not even be visible to you.
Food chains are often “just in time” in nature, with links within the EU and globally. Stock may be held for only a few days before being sold or used. As such, disruption for as little as a week can have a major impact.