No-deal Brexit Build UK warns of product delays
Lead times for obtaining cladding, roof tiles, timber and lifts could lengthen in the event of a no-deal outcome on Brexit, a new analysis by Build UK and the Chartered Institute of Procurement and Supply (CIPS) has found.
Cladding and lifts, which are mainly imported from Europe with minimal stock held in the UK, are most at risk of disruption, the report found. Build UK advised that buyers should place orders for such items earlier than they normally would to avoid potential disruptions in the event the UK leaves the EU without a trade deal on 1 January 2021.
Buyers could also face paying more for items, with suppliers preparing to pass any extra costs onto the supply chain. Build UK said costs from tariffs and other import factors could add 2-8 per cent to the price of items.
The analysis covered dozens of products from more than 150 suppliers, giving each a green, amber or red rating indicating the risk of disruption. No items received the high-risk ‘red’ rating.
The report’s authors said the overriding message was that “much earlier” engagement was needed across the supply chain.
The list of products and the risk of disruption rating will be updated over the coming months.