1 November 2019
We know some of our customers and suppliers are concerned about Brexit, and particularly what will happen if the UK leaves the European Union without a deal.
At the time of writing, the UK departure from the EU has been delayed to 31 January 2020. However, there is still uncertainty about what will happen afterwards and what that means for business and cross-border EU-UK commerce.
The two sides have now agreed a Withdrawal Agreement which, if passed, will allow for a transitional period, during which there will be minimal change for at least a year, while the EU and UK carry on negotiating a future trade deal. However, the political situation in the UK remains unclear pending an election on 12 December. As such a ‘No Deal’ outcome is still possible, which would lead to trade between the UK and EU becoming subject to tariffs and new regulatory requirements.
Like other businesses, Siemens has urged political leaders to reach an agreement and to give business enough time to prepare for any change.
But we are also taking steps to ensure business continuity in the event of a more disruptive Brexit outcome.
These preparations are being given the highest priority and overseen by our Board of Directors. Actions include: resource planning; reviewing and where necessary adjusting our systems and processes; and working with our supply chain in order to minimise disruption to our operations.
In addition, as a global company we already supply goods and services to customers around the world and will adapt as necessary in this case. Our priority will always be supporting our customers to the highest of standards.
We will continue to keep our customers and suppliers informed and are happy to answer any further questions. Please contact your local account manager if you would like to discuss this further or visit our Contact Us page.
Last updated: 1 November 2019