Brexit Impact FAQ’s
Q1. What is the possibility that the supply chain associated with the delivery of goods and services to your clients will be disrupted in the event of a ‘no deal’ Brexit?
The majority of our materials are sourced via UK suppliers. Where by necessity components are received directly from or delivered via Europe we have taken steps to strengthen our stocking levels and pre-ordering arrangements. As a result of this we remain confident that supplies to clients will be unaffected.
Q2. Do you manufacture in Europe?
No, all manufacturing and assembly is carried out at our head offices and manufacturing plant near Wolverhampton.
Q3. Do you have warehousing facilities in Europe?
No all components and finished goods are stocked and stored in our warehouses at our head office facility near Wolverhampton.
Q4. Does your normal distribution route pass through Europe?
Some of our components are sourced from the Far East and are shipped via European distribution. For such components we generally carry stocks 6 -12 months in advance of anticipated requirements.
Q5. Do you anticipate any price increases through Brexit?
It is considered likely that levy’s and tariffs may be applied on goods imported into the UK from EU countries. If such increases are significant prices of affected items will be raised to cover the effect of such increases.
Q6. Do you plan to hold additional stocks in anticipation of a ‘no deal’ Brexit?
Our stock control and management processes currently schedule component parts and materials 6 - 12 months in advance for known customer demands and forecast usage of spare parts for service and maintenance. We have however applied a more robust scheduling of any component parts received via European distribution hubs and are carrying additional stocks of such components.
Q7. Do you anticipate any other changes as a result of Brexit or a ‘no deal’ Brexit?
Clearly the ongoing uncertainty regarding the impact of Brexit may be reflected in unusual currency fluctuations, interest rates and general trading conditions such as spending constraints or similar. We will continue to monitor these and build them into our routine business forecasting models.
Q8. What is Static Systems' EORI number?
Our EORI number is GB101859681000
October 2020 (Updated December 2020)