Industry Intelligence & Blog

ByThe Transport Intel Insider

Brexit Day Fast Approaching – Update

 

Latest Brexit Timetable: –

https://www.bbc.co.uk/news/uk-politics-46393399

LinkedIn Brexit Toolkit link: –

https://www.linkedin.com/feed/hashtag/?highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6620645030501601281&keywords=%23Brexittoolkit&originTrackingId=eYTm0wPVPfyku8EmfY8oNw%3D%3D

CILT Brexit Customs Compliance Link: –

https://ciltuk.org.uk/News/Latest-News/ArtMID/6887/ArticleID/24830/Time-is-running-out-to-secure-your-fast-track-to-Brexit-customs-compliance

Now the Withdrawal agreement has been passed Brexit Day is fast approaching. Time to dust off and update those Brexit plans. Please find our guide to the top 10 business Brexit risks: –

  1. Law experts say haulage and logistics companies with contracts that have a cross UK-EU border element, due to end after the country’s departure date of 31 January 2020 need to think about including a contractual Brexit addendum into their agreements or face “serious implications”.
  2. More than seven million people are employed in the making, selling and moving of goods.
  3. There are 343,000 EU nationals working in British logistics firms impacting vehicle movements and the supply chain.
  4. The ongoing situation regarding the employment of EU nationals remains unclear.
  5. There are currently more than 53,000 lorry driver vacancies already in the UK, and more in warehousing, van driving and other key roles across the sector.
  6. FTA still has not received responses on a number of key areas which currently enable the smooth passage of goods and services across the UK’s borders.
  7. The transition period has already been reduced to less than a year, December 31st 2020. 
  8. The HMRC say the best-case scenario, she said the flow rate to vehicles coming to and from Europe will be 70-80% of current levels
  9. There are still concerns on the final confirmation of the arrangements for imports and exports between the UK and Europe including the potential for checks.
  10. Agreement on the situation on the Irish border, where and how these checks are to be made.
ByThe Transport Intel Insider

Top 10 Brexit Risks 2020

There is little shortage to information on Brexit, but it is a game of fast moving parts. Now the Withdrawal agreement has been passed, find our guide to the top 10 business Brexit risks going into the New Year: –

  • Law experts say haulage and logistics companies with contracts that have a cross UK-EU border element, due to end after the country’s departure date of 31 January 2020 need to think about including a contractual Brexit addendum into their agreements or face “serious implications”.
  • More than seven million people are employed in the making, selling and moving of goods.
  • There are 343,000 EU nationals working in British logistics firms impacting vehicle movements and the supply chain.
  • The ongoing situation regarding the employment of EU nationals remains unclear.
  • There are currently more than 53,000 lorry driver vacancies already in the UK, and more in warehousing, van driving and other key roles across the sector.
  • FTA still has not received responses on a number of key areas which currently enable the smooth passage of goods and services across the UK’s borders.
  • The transition period has already been reduced to less than a year, December 31st 2020. 
  • The HMRC say the best-case scenario, she said the flow rate to vehicles coming to and from Europe will be 70-80% of current levels
  • There are still concerns on the final confirmation of the arrangements for imports and exports between the UK and Europe including the potential for checks.
  • Agreement on the situation on the Irish border, where and how these checks are to be made.
Courtesy BBC
ByThe Transport Intel Insider

2019 Black Friday vs Cyber Monday – The Stats – Updated 11/1/20

Courtesy Getty Images/BBC

The troubled waters of the UK Retail economy had some relief last week with the results coming in of a successful Black Friday & Cyber Monday.

The UK’s troubled retail sector has been given a boost by Black Friday promotions, figures indicate.

Barclaycard processes £1 of every £3 say sales were up 7.1% compared with 2018, while sales value rose by 16.5%.

Over 1,200 stores closed in the UK in the first half of 2019.

According to the British Retail Consortium (BRC) chief executive, Christmas retail sales were the ‘worst year on record’ in the UK.

Compared to November and December 2018, retail sales were down 0.9% in 2019.

Footfall across UK High Streets rose 3.1% for the first time in 4 years with major shopping centres seeing a 5.2% increase.

Cyber Monday sales increased 6.9% compared to 2018.

The busiest trading day before Christmas should still be Saturday 21 December.

Retailers were poised for record-breaking Cyber Monday sales following blockbuster spending in this year’s Black Friday events, a forecast showed.

US consumers were expected to spend $9.4bn (£7.3bn) online on Monday, Black Friday, raked in a record $7.4bn.

$2.9bn in sales coming from smartphones.

Last year Cyber Monday delivered $7.9bn in US sales.

Troubled waters have calmed a little for now, but with protests and strikes seen in Germany, France and the UK as a result of this phenomenon, it is not yet plain sailing.

ByThe Transport Intel Insider

November 23rd 2019

Royal Mail Shares in Freefall

It’s been a week the Royal Family will want to forget – specifically the Royal Mail. Despite CEO Rico Black unveiling operating profits of £3-400mill in line with market expectations, his pessimistic outlook in terms of transformation progress, stiff competition and less letters being sent. It’s been a turbulent November for Royal Mail with first stopping the CWU strike and then getting fined £50 mill for unfair practices against Whistl/TNT in 2014.

All eyes on what happens next with cult favourite operator Eddie Stobart. A General Meeting is scheduled for December 6th to consider DBAY’s £55 million bid for a 51% stake. This takeover will see the return of William Stobart to the company as Executive Chairman. Observers wait with baited breath to see if Wincanton may have something to say on this development. Also waiting in the wings is former Chief Executive, Andrew Tinkler with his consortium of M&G and Ruffer.