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Brexit statement

Following the outcome of the UK referendum on EU membership, the UK is due to leave the European Union on 29th March, 2019. Although there is still some uncertainty surrounding the outcome of “Brexit” negotiations between the UK government and the European Union, we expect the position to become clearer in the near future.

In preparation for this we have analysed our operations to understand and plan for impact from Brexit. We will be working with our suppliers and customers to minimise risk and plan for the future. We are already planning our stock levels to meet customer needs and ensure continuity of supply. We are committed to a planning policy in line with best business practices in the UK and internationally.

Greencity, itself, does not import much directly from EU countries so the continuity of supply of NON-GREENCITY products will depend on those brands themselves.  At this stage it is difficult to speak on their behalf as it will depend on where their raw ingredients come from and where they are produced. We will not be stock piling branded products as a result, however, if we do run into any supply issues with specific products then we will do our utmost to source alternatives and will keep you informed should this situation arise. These alternatives should not be too difficult to source as we have a supply base of around 250 suppliers, many of whom we have very strong relationships with, having been trading for over 40 years.

In relation to Greencity branded products and commodities, as we directly import from other EU countries, these products may be affected but we have no idea at this stage in what way. We could experience delays in receiving products as well as price increases due to import duties. We are however informed that HMRC is introducing new Transitional Simplified Procedures (TSP) for customs to make importing easier for the initial period after “Brexit” should there be a “no deal”, and this will remain in place for at least a year, to allow businesses to adapt to the new processes.

We’ll continue to closely monitor the situation and consider the potential implications of Brexit. We will revise this statement as needed as events unfold.  In the meantime, we wish to reassure our suppliers and customers of our commitment to a transition which is as seamless as possible. 

 

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