The UK’s historic vote on June 23 to leave the EU surprised many, both in Britain and mainland Europe. Businesses are coming to terms with the implications, especially given the uncertainty surrounding the exit process and how this will change the UK’s relationship with the EU and its other trading partners.
From a retail and consumer goods sector perspective, the implications are not clear cut. There will be both challenges and opportunities, depending on a company’s structure and the extent to which it relies on access to Europe’s single market for trade and labor.
This report describes how the Brexit process is likely to evolve and how Brexit will affect four areas of concern for retail and consumer businesses: the economy, trade, tax, regulation and legislation, and people and organizational strategy.