Understanding Post-Brexit Scenarios and Minimizing Impact to Intracontinental Supply Chain Operations

On March 29, 2019, the United Kingdom (UK) is scheduled to formally leave the European Union (EU).

Both the EU and the UK have agreed in principle on a 21-month transition period which would allow the UK to remain in the EU’s single market and also the customs union until December 31, 2020. However, a final agreement on the terms and conditions of the UK’s withdrawal from the EU, including the transition period, will need to be ratified before March 2019, otherwise trade will begin to be governed by World Trade Organization rules, where tariffs and customs checks apply. This report explores the implications for supply chains and potential risk mitigation measures.