Customer Brexit Statement
IC Plus has been actively working to understand the
impact of Brexit. We have dedicated time and resources from across the business
from Executive Board level downwards.
Currency Risks
We are taking the Brexit situation very seriously
and we are continuing to look at various Brexit scenarios and assessing the
impact these may have. We focused initially on the immediate currency weakening
from the decision to leave the Union, mitigating as much impact as possible to
our customers, and we continue to work hard in this area. In this regard, we
have traced our supply chain back to identify any potential risks.
Import / Export
We are particularly focused on identifying risks on
all imports and exports throughout the distribution process which could be
impacted by tariff changes, border delays, information technology challenges,
integrated supply chain issues, people and workforce impact, further currency
depreciation, quality accreditation, and regulatory compliance.
Our UK carrier partner DHL is fully equipped and already facilitates paperless trade for exports going outside of the European Union.
If no deal can be reached between the UK and European Union for an orderly Brexit, we have made provisions to continue trading under the rules set out by the WTO (World Trade Organisation).
Summary
Although Brexit has created some uncertainty and
the true commercial impact is not known, IC Plus is committed to a growth
strategy, enabling us to provide continued superior offerings across our
customer network.
With no agreement finalised yet, there are numerous potential scenarios and a large number of short-term and long-term issues to understand, with little certainty available. In an effort to develop our strategy, we have invested in external expertise and are confident we will be ready for Brexit eventualities.
For further information please contact:
Name: Deborah Boyle
Title: Financial Controller
Tel: +353 (0) 1 4268275