On June 24th 2016, citizens of the United Kingdom voted and passed a referendum to leave the European Union. Better known as “Brexit”, the move triggered a global meltdown in financial and currency markets. In context of the interconnected globalized economy, Brexit is not a localized phenomenon. Given the significance of the UK to the world economy, the vote has global economic repercussions and its’ impact is not limited to the UK and its citizens. This paper examines the supply chain implications of Brexit based on information available in June 2016, with a key focus on the High Tech, Life Science / Pharma and Automotive industries.
This white paper provides:
- An analysis of the macroeconomic metrics of the UK
- An examination of currency, labor, trade and financial risks unleashed as a result of Brexit
- Near to medium term outlook for supply chain practitioners
- Analysis and recommendations for the High Tech, Automotive, and Life Science industries
- Outline of opportunities for companies and countries
- Recommendations for supply chain practitioners to navigate through the period of disruptions