October 24th, 2019

Brexit readiness update

Fortoak Brexit Readiness – Updated October 2019

Fortoak remain in a strong position to ensure business continuity as we prepare for Brexit day and beyond. Over the past year we have put into effect several strategies with the aim of making the transition away from EU membership as seamless as possible for both Fortoak and our valued customers.

As we approach the Brexit deadline of the 31st October 2019, the UK’s withdrawal from the EU is still to be agreed, therefore the potential for a no-deal Brexit remains high.

Fortoak are well versed with the demands of international trade and can adapt swiftly to any changes necessitated by Brexit. We already purchase from Non-EU countries around the world and have an established partner network in place across the UK, Europe, Middle East and Far East. We operate to WTO (World Trade Organisation) rules and have a fully compliant trading model from a VAT, duty and tariff perspective.
Inevitably there is still a great deal of uncertainty as the Brexit negotiations continue and its likely to have an adverse impact on product availability, lead-time as well as cost implications. To minimise the impact of this we have significantly increased our stockholding – we are currently holding 1200 pallets in our warehouse [which is double our normal stock!] and we’ll continue to work with our partners to bolster stock of both raw material and finished goods.

Ensuring continuity of supply for our customers during the Brexit disruption period remains our primary goal. Therefore, as Brexit unfolds, we are encouraging our customers to get in touch or contact your Fortoak representative, who will be happy to act upon any request.

Interested in finding out more?

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