With the UK officially leaving the EU and the transition period ending on 31st December 2020, we have seen many of our customers raise questions on the impact it will have for them and Fendwrap as a business.
Our Managing Director, Luke, sat down to answer many of the most pressing questions.
Luke Pollard - Managing Director Fendwrap
How has Brexit impacted business?
The yachting business is very much a global one & we have networks, customers & colleagues across many countries, so we have not noticed any particular effects from Brexit.
We are continually developing our plans to have our products stocked in more locations worldwide to keep reducing lead times for our valued customers.
Where are your suppliers based?
We have a global network of manufacturing partners. Being an exclusive member of the second-largest packaging & protection materials buying group in the world gives us a large and robust network of partners with which we produce both our current product range & our new developments.
We also manufacture & assemble some products in-house ourselves.
Have you had to make any changes to the business?
We had put in place contingency measures in case of a no-deal Brexit but found that many of these haven’t been required. The other changes (for example holding stock of products in European locations) were always part of our plan for the company.
The main thing we have been doing is helping & supporting our customers in understanding any changes to customs paperwork or ensuring they don’t pay any duty on the goods.
Has it or will it cause delays with shipments?
We have unfortunately had a few shipments delayed for our customers and we are sorry about that. It has been a global freight crisis that many will know about, and not so much related to Brexit.
Unfortunately, this has not subsided yet, but we have only had a small number of shipments affected and we work day and night with our freight partners to keep the goods moving.
Will it make you more expensive?
No. There are other minor costs which we have now, but we absorb these as they are not significant. There are unfortunately price rises just around the corner on most protection products but again this is a global situation which many will be aware of, where prices are increasing across most sectors, and is not to do with Brexit.