Every crisis is a threat, but also an opportunity to grow, grab market share, and change the competitive landscape. Brexit has created many risks to global supply chains, particularly those touching the UK and Europe.
Milpitas, CA (PRWEB) July 01, 2016
On June 24 2016, citizens of the United Kingdom voted and passed a referendum to leave the European Union. Better known as “Brexit”, the move sent a shock wave through global 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.
“Every crisis is a threat, but also an opportunity to grow, grab market share, and change the competitive landscape. Brexit has created many risks to global supply chains, particularly those touching the UK and Europe. However, companies armed with information about their supply chain dependencies will be able to exploit the opportunities that open up quickly during this period of turbulence and uncertainty” said Bindiya Vakil, CEO of Resilinc.
By analyzing the macro economics of the UK combined with advanced multi-tier supply chain intelligence available in the Resilinc global repository, Resilinc has created a white paper that provides a window into what supply chain experts can expect in the coming months, and what opportunities and risks this historic event has opened up. This paper also includes a deeper analysis using Resilinc’s supply chain intelligence about the High Tech, Life Science / Pharma and Automotive industries.
The Resilinc analysis 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
Supply chain practitioners who have made the investment to map their supply chain and proactively identify who their key sub-tier suppliers are will be able to begin the process of predicting potential problems immediately. Often operational performance problems can be early indicators of financial stress. Many companies in the UK face an extended period of uncertainty where some key projects may go on hold, access to investments gets jeopardized and currency fluctuations make imports of critical raw materials more expensive and squeeze margins and cash from operations. Knowing which companies are based in the UK or operate from there will enable these companies to monitor their performance and collaborate with them closely can help pinpoint potential problems before the manifest or escalate.
The turbulence in currency markets also opens up opportunities for cost savings for companies importing from the UK. Additionally, cash rich companies in emerging countries, as well as the US and EU can use the period of currency turbulence to identify key M&A opportunities for robust UK brands or snap up UK’s existing supply chain operations and access to markets in the US and EU. These moves can protect long term supply assurance of critical components, but also be used to disrupt the supply chain for key competitors. Deep multi-tier supply chain intelligence can provide tremendous opportunities for arbitrage and be a tremendous source of competitive advantage.
Resilinc helps CEOs and Chief Supply Chain Officers consistently achieve their revenue goals despite supply chain disruptions worldwide. Resilinc’s platform provides companies access to advanced multi-tier mapping and part origin intelligence, collected from over 35,000 suppliers across more than 65,000 factories globally. Industry leading companies like IBM, General Motors, EMC, Amgen and Western Digital rely on Resilinc’s supplier intelligence repository, combined with analytics regarding vulnerabilities, risk scores and revenue impact to predict the critical failure points in their supply chain. This helps them to prioritize and proactively mitigate supply chain risks before they manifest into major problems. What’s unique about Resilinc is the deep supply chain expertise of the team, the ability for customers to accelerate meeting their resiliency goals without hiring large teams or investing in IT projects by leveraging the full suite of supplier and customer facing services, gain high quality data from an ISO certified data operation and also gain tremendous benchmarking and help throughout their maturity journey. Resilinc is the solution of choice for Chief Procurement Officers who want to be in control of their supply chain and sleep better at night knowing they will be able to consistently meet their revenue goals without needing to hold extra inventory or pay expedited raw material or freight costs.