We’ve crated a Brexit framework covering the focus areas of:
- General Administration
- Logistics and goods traffic
- People
- Product & Market
- IT & Software
For each area, we analyzed the impact on:
- legal and contractural topics
- corporate strategy
- corporate operation
as well as financial impacts of the Brexit.
The Brexit framework aims to give companies a guideline and clear structure to determine their risks and risk mitigation activities for the Brexit – independent of the eventual Brexit scenario.The Brexit framework can be used for the likely no-deal scenario as well as possible trade agreement scenarios with different levels of trade agreements.
We created questions to analyze each of the five topics, and for each point of intersection within the framework we provide recommendations for possible measures. These measures can be used in addition or in extend to existing measures at a company. The framework is constantly expanded with new guiding questions and additional measures.
The Brexit framework is applicable to a variety of companies independent from their core business – from car manufacturing companies, engineering companies, retailers, to insurances or Banks, as the framework aims on the core functions of the companies rather than being product specific. If specific functions, such as physical trade of goods is applicable, the company can measure the impact i.e. in terms of changes in trade policies and new needs, such as the mandatory EORI number for EU imports. The structure of the framework allows companies to set clear responsibilities for each topic, and manage the risks by topics and impact areas.