2.19 Brexit Readiness Questionnaire
Prior to Brexit day on the 29 March 2019, the UK was granted two extensions to delay Article 50 by the EU and will now cease to be a member of the European Union on the 31 October 2019. With a change in leadership the risk of a No deal scenario has in our opinion increased. Without a Withdrawal agreement this would mean we would leave the European Union without any transition period.
Camlab will again be looking to address supply chain issues on critical products in the interests of our customers. Since March 2019, Camlab has significantly increased its stockholding and freed up warehouse capacity.Completion of the installation of new pallet racking in June 2019 resulted in an increase of free warehouse pallet space by 23%. A number of suppliers are now using this space to mitigate the supply risks of Brexit. We are happy to work with other suppliers of critical products and discuss the utilisation of available space in our UK warehouse to hold temporary stock on behalf of others and reduce the impact of a Brexit ‘No deal scenario’ for our customers.
This questionnaire is designed to assess how our organisation and others have considered the high level impacts of Brexit to the business, and the continuity of providing goods and/or services to our customers. Camlab has sent this questionnaire to all our main suppliers and is using this to help prepare for Brexit No Deal.
This questionnaire is designed to assess how Camlab has considered the high level impacts of Brexit to the business, and the continuity of providing goods and/or services
2.19 - Has the company carried out an initial risk assessment of the impacts of Brexit against each of the following areas - YES
2.19.1 Changes to the customs procedures for both exports and imports following Brexit and possible effects on cash flow and payments processing - YES
2.19.2 Possible changes to common standards ceasing to apply following Brexit e.g. EASA and REACH - YES, no initial impact
(EASA IS THE EUROPEAN AVIATION SAFETY AGENCY. REACH IS REGISTRATION, EVALUATION AND AUTHORISATION OF CHEMICAL HAZARDS. OTHER COMMON STANDARDS APPLICABLE TO THE BUSINESS SHOULD ALSO BE CONSIDERED)
2.19.3 The effects of currency fluctuations and increased cost of manufacture, transport or storage following Brexit - YES
2.19.4 Effect on the company's operations caused by changes in the rights to live and work in a particular State, as well as changes to travel restrictions and the consequent effect on key staff and resource following Brexit - YES
2.19.5 Disruption to the company's supply chain including changes to manufacturing lead times and the vulnerabilities of suppliers and sub-contractors following Brexit - YES, this is the most likely consequence to affect customer continuity of supply. Risk assessment done. Actions being implemented to mitigate this.
2.19.6 Changes to legal status of the company's certifications, staff qualifications, protection of Intellectual Property Rights and relationships with subsidiaries and partners caused by changes to regulation following Brexit - YES
2.19.7 Impact of new tariffs and taxes and the company's capabilities to understand and manage these new requirements following Brexit - YES
2.19.8 What is Camlab's market share respect to the following regions (Sales In last Financial Year) :
220.127.116.11 United Kingdom - 88%
18.104.22.168 European Union (excluding the UK) - 6%
22.214.171.124 Outside of the UK/EU - 6%
2.19.9 What approximate percentage of Camlab's production is carried out in each of the following regions:
126.96.36.199 United Kingdom - 99%
188.8.131.52 European Union (excluding the UK) - <1%
184.108.40.206 Outside of the UK/EU - <1%
2.19.10 What approximate percentage of Camlab's procurement of goods and/or services is purchased from suppliers from the following regions:
220.127.116.11 United Kingdom - 65%
18.104.22.168 European Union (excluding the UK) - 10-20%
22.214.171.124 Outside of the UK/EU - 10-20%
2.19.11 Does the company hold Authorised Economic Operator (AEO) status - NO, in process
2.19.12 Have you increased your UK stock holding - YES, Critical lines
Request a Brexit Pack or arrange Forward Order
Last updated 07.08.2019