Brexit Statement - October 2020
The UK left the EU on 31 January 2020, and a transitional period continues until 31 December 2020. The current rules on trade, travel, and business for the UK and EU continue to apply during the transition period.
There remains a possibility that on December 31 2020 the UK will revert to trading with the EU on a World Trade Organisation (WTO) and third country basis, the so-called ‘no deal’ option. This would lead to trade between the UK and EU becoming subject to tariffs and new regulatory requirements.
Scapa has been working to assess and mitigate the likely impacts of ‘Brexit’ on our customers and suppliers. Our preparations to support the business, and minimise disruption to our customers and supply chain partners has focused on maintaining effective customer service, supply chain management and ensuring compliance with regulatory frameworks. We have undertaken a review of our supply chain that has included reviewing our stocking policies, sourcing strategies and import procedures.
While we wait for the Brexit deal to be confirmed we remain confident that we have the right strategies in place and our people have the skills, knowledge and understanding to be able to cope with and adapt quickly to the changes that will result from the UK leaving the EU.
We will continue to keep our customers and suppliers informed, however please do get in touch if you have any queries or concerns by contacting your Scapa representative.