Cadbury stocking up on goods and ingredients in case of a hard Brexit
London — Mondelez International, the owner of chocolate maker Cadbury, is stockpiling goods and ingredients in a bid to avoid any shortfall for UK customers in the event of a hard Brexit. The UK alone can’t provide the ingredients for the confectionery company’s products, Hubert Weber, president of Mondelez’s European arm, said in an interview with the Times of London published on Tuesday. Mondelez is stacking up goods in case the country’s withdrawal from the EU creates import delays. Companies across Europe and beyond are laying out plans to prepare for supply interruptions and shortages threatened by the creation of a border between the UK and the EU. Rolls-Royce Holdings said in July it was considering stockpiling components as the outcome of a Brexit deal remained unclear, while pharmaceutical companies, such as US-based Merck, have also included higher inventories in their contingency plans. Michel Barnier, the EU’s chief negotiator, gave the UK some reason for optimism Monday...
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