PFS Research Finds UK Retailers Still Need to Prepare for Brexit
PFSweb, Inc. (PFSW)
Last pfsweb, inc. earnings: 3/12 04:05 pm
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US:NASDAQ Investor Relations:
ir.pfsweb.com/investor-relations
Company Research
Source: GlobeNewswire
ALLEN, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) -- A new survey of UK online and omnichannel retailers conducted by PFS, the operations business unit of PFSweb, Inc. (NASDAQ: PFSW), reveals that the majority of retailers are yet to adequately prepare themselves for the end of the Brexit transition period on December 31, 2020. With just over half (54%) of UK retailers reporting that they are either fully prepared for Brexit, or will be by the end of 2020, this still leaves a significant proportion of retailers who won’t be ready in time. The research has also uncovered that most retailers believe Brexit will have some kind of impact on their business operations. For many, the arrival of COVID-19 pushed Brexit further down the priority list. With talks ongoing to decide the future of the UK-EU relationship, impacts on areas of the supply chain are already being predicted. With pressures on customer services, fulfillment challenges and a lack of clarity surrounding customs changes domin
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