Continuity Risk Supply Chain

Three steps to managing bonded inventory through Brexit disruptions

Global trade is experiencing unprecedented levels of uncertainty, disagreement and confusion, resulting in renegotiations of trade agreements and tariff increments.

The prospect of future disruptions in the supply chain brings diverse risks to the operation of businesses, especially to inventory management. The approaching Brexit deadline raises the imminent question how businesses can effectively continue to finance and distribute their inventory within the European continent.

While the renegotiation of the U.K.-EU relationship will most likely take several years, European distributors have to assess their current inventory management to mitigate future disruptions.

European distributors have to assess their current inventory management to mitigate future disruptions

There is no doubt that the political landscape will continue to change, and this goes hand-in-hand with a growing trade volume due to the growing e-commerce market. In order to serve the European Market effectively, managing the availability and allocation of inventory becomes vital to reduce overall costs, improve cash flows, and bring more agility to supply chain operations.

Read entire post Three steps to managing bonded inventory through Brexit disruptions | Kjell Bornkamp | SupplyChainBrain
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