Counting cost of stockpiling, UK bike maker gears up for Brexit [Reuters (UK)]
IHS Markit Ltd. Common Shares (INFO)
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Source: Reuters
Counting cost of stockpiling, UK bike maker gears up for Brexit | Reuters 6 Min Read LONDON (Reuters) - Isla Rowntree, the founder of British children’s bike maker Islabikes, has resorted to stacking spare parts in meeting spaces and office rooms as she gets ready for a potentially chaotic no-deal Brexit next month. But the inconvenience of finding the space for six months’ worth of stock is small compared with the financial consequences, she says. Islabikes decided in September that it needed to prepare for the risk of delays at Britain’s ports after Brexit by stockpiling the parts it buys from a supplier in Vietnam at its premises in Ludlow, a pretty market town in western England. Its preparations are typical of many companies — including world famous firms such as Rolls-Royce, Airbus, luxury group Burberry — who have depended on the ability to move goods easily between Britain and the rest of the world. They are facing the possibility of border delays from new EU customs checks on
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