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Irish Food And Drink Firms Wary Of Customs Compliance With UK Post Brexit

Published on Jun 11 2018 9:37 AM in Supply Chain tagged: Trending Posts / UK / Ireland / Trade / Brexit / Food Drink Ireland / FDI / Planning

Irish Food And Drink Firms Wary Of Customs Compliance With UK Post Brexit

More than four fifths (89%) of Irish food and drink firms are wary of the impact that customs compliance with the UK and Northern Ireland will have on their business, once the Brexit process is complete, a study has found.

The quarterly Business Monitor by Food Drink Ireland (FDI), the representative group that represents the Irish food and drink sector, also found that 72% of food and drink businesses believe Brexit will have an impact on all-island supply chains on the island of Ireland.

In addition, two thirds (67%) believe Brexit will have an impact on exchange rate movements, while more than half (56%) believe it will impact export sales.

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