Stock Unwinding and Working Capital Optimisation has been saved
Stock Unwinding and Working Capital Optimisation
A no-deal exit on 12 April was averted and many businesses are relieved. But there is still no certainty. Instead there are potentially two new dates for business to plan towards - 31 May and 31 October - and a third possible date, in the event cross-party talks are successful and the Withdrawal Agreement is agreed.
This new window of time does allow businesses to re-consider their Brexit strategies, including refining contingency plans. If your business only had time to implement tactical measures, there may now be time for strategic action - applying for AEO status, reviewing and reinforcing legal and contractual positions, restructuring with the protection of existing European Directives, undertaking a detailed supply chain and logistics mapping exercise. One of the more pressing issues for businesses to manage right now, however, is stockpiles.
Those that stockpiled inventory in preparation for a no deal, are now faced with having to decide what to do with it. ‘Brexit’ stock is taking up space in warehouses, tying up working capital and impacting cash flows. Deloitte has a proven approach for proactively managing inventory and optimising working capital using digital accelerators and tools.
For more information on how Deloitte can support your business, click here.