BREXIT AS AN EXTERNAL FACTOR
may require more in-depth research . Algorithms organise our social media feeds , serve us the most accurate search results and feed into credit data analysis tools , too . Businesses should utilise this information to help make informed decisions and can often provide an avenue for discussion regarding new suppliers .
BREXIT AS AN EXTERNAL FACTOR
Brexit is coming whether you voted for it or not . Political uncertainty means that exchange rates are fluctuating constantly . To manage your international supply chain more effectively , a tip is to try and acquire fixed rates to keep your cashflow stable and accurate .
The media is often reporting on businesses stockpiling products in fear of the March deadline . Discuss this with your suppliers so you are not caught out if products are in excessively high demand . The Brexit stockpile need not affect your supply chain , but it would be wise to predict that this could increase supplier ’ s days beyond terms if others don ’ t manage their own supply chain as effectively as you are . This would mean you don ’ t have to worry about the next parliamentary meeting affecting your stock management .
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