Planning is possible
Over the last 18 months, I have talked to over 500 organisations about Brexit.
Working with these organisations and with our expert business advisers across a range of areas we have developed a methodology for Brexit planning. We model a number of different scenarios, exploring possible market and business environment changes then assessing these to identify business risks and opportunities.
For one defence contractor, it showed that their business model is resilient to most Brexit changes and their risks are minimal. For another services business it narrowed their focus by identifying that their critical risks and opportunities are all related to the economic impact of Brexit on their own clients.
Similar risks and opportunities appear across multiple scenarios, enabling businesses to take ‘no regrets' action now. Examples include clients:
- developing export and customs management capability
- looking at export markets less affected by Brexit such as the Gulf, USA, India and China
- developing plans to recruit and develop home grown talent and workforce
- reviewing their foreign exchange hedging and working capital.
Plan for No Deal
Brexit is an opportunity to look at your organisation and review operations and strategy.
Brexit planning does not need to be a sunk cost that is lost should things change. Clients who have done Brexit planning invariably find beneficial changes they can make today – delivering immediate value - and feel more confident as Brexit approaches.
If you only plan for one scenario plan for No Deal.It is the most disruptive and could be reality in less than 8 months. Use our guidance to help you think about the potential impact, minimise risks and seize opportunities.