This 45-minute session with the Institute of Export and International Trade and Bibby Financial Services will update traders on the state of global trade as economies exit Covid-19 lockdowns and the UK adapts to new trade rules with the EU.
External resources on Brexit and supply chain
Externally-produced resources providing practical information on how the UK's exit from the EU affects sales, inventory planning and supply chain issues.
Looking for the ICAEW view on Brexit? Find the latest updates and expert analysis on sales and supply chain at the ICAEW Brexit hub.
Bite-sized summaries explaining the actions and decisions that SMEs need to take when importing and exporting, providing services in the EU, travelling for business, trading and moving goods in and out of Northern Ireland, hiring EU citizens, and protecting data and IP. Includes a useful glossary of terms you need to know and helpline numbers.
From 1 January 2020, the revised set of eleven Incoterms apply and businesses trading cross borders are able to incorporate them into their sales contracts. Here we look at what they are, why they matter, how they have changed, and explain how they if applied correctly, can expedite your cross-border shipments and enhance supply chain agility.
Suite of on-demand short videos from UK government for businesses on importing, exporting, rules of origin, tariffs, providing services to EU markets, Northern Ireland, data handling, hiring staff, and selling goods. Sector-specific videos also cover chemicals regulations, IP, emissions, waste, and Horizon funding. Free registration required.
UPS Brexit resources page outlining how to ship between the UK and the EU, including a Brexit-Ready Toolkit and shipping manuals.
Guidance from the European Commission to help businesses prepare for changes to customs and tax from 1 January 2021, when the Brexit transition period will have ended. Includes relevant 'notices for readiness' and a Brexit checklist for traders (PDF, 1 page).
Tool from the UK Government to look up commodity codes, duty and VAT rates
Tool that allows you to identify customs tariffs, tariff rate quotas, trade remedies, regulatory requirements and preferential regimes applicable to your product. Includes a library of 400+ trade agreements. Funded by the EU and GRIPS.
Briefing from UK law firm Travers Smith which explains how contract drafting could help to hedge against goods shortages as an alternative to stockpiling
Article from Supply Management magazine (CIPS) explaining how a short survey of your supply chain can help you see beyond your tier-one suppliers and provide the information needed to build up a realistic buffer.
ICAEW's Brexit hub
Find more guidance and material on how to prepare for the end of the transition period.
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