Bidcorp stockpiling in the UK in case of a messy Brexit
The food-services business has set aside about 7,000 pallets of products from the EU
Global food-services group Bidcorp is stockpiling products in the UK in case of a messy divorce between Britain and the EU. Bidcorp has set aside about 7,000 pallets of European-made food products that are not manufactured locally in the UK, said CEO Bernard Berson. That equates to about two weeks worth of inventory, he said. The UK has slightly more than five weeks to finalise a Brexit deal with the EU. While many analysts say that though a “hard Brexit” — where border checks are reintroduced and the UK’s future relationship with the EU is uncertain — is unlikely, the risk cannot be ignored. If that scenario materialises, retailers are likely to face logistical hold-ups at ports and a dearth of certain products. Berson said Bidcorp expected “a reasonable outcome to Brexit”, but said the company remained optimistic about the UK regardless. Britain, Australia, New Zealand and Europe are among its most important markets. However, Brexit remains “a key uncertainty for the UK business”,...
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