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Brexit Retailer Perspective Sharon Buckley Our business We feed 1 - - PowerPoint PPT Presentation
Brexit Retailer Perspective Sharon Buckley Our business We feed 1 - - PowerPoint PPT Presentation
Brexit Retailer Perspective Sharon Buckley Our business We feed 1 in 3 people across the island of Ireland every day 4 Musgrave Brexit priority Minimise the impacts of Brexit on shoppers, support our retailers and foodservice partners and
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We feed 1 in 3 people across the island of Ireland every day
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Musgrave Brexit priority Minimise the impacts of Brexit on shoppers, support
- ur retailers and foodservice partners and protect our
joint business with suppliers
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Musgrave approach
3 objectives underpin our approach
- maintain full availability
- no disruption to the offer
- minimise price inflation to the consumer
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Impact of Brexit on Musgrave
Tariffs & Non Tariff Costs Maintaining Consumer Choice Supply Chain Efficiency
Potential inflationary impact particularly for UK sourced Brexit will drive inefficiency and cost into supply chains Brexit driven costs,
- perational inefficiencies
and divergence will make some products unviable
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Tariff and non-tariff costs
- Re-source away from the UK
- Find ways to take costs out of the end-to-end
supply chain
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Tariff impacts
Post Brexit €3.32 Pre Brexit €2.99
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Tariff and non-tariff costs
- Re-source away from the UK
- Find ways to take costs out of the end-to-end
supply chain
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Supply Chain Efficiency
Current efficient model Less efficient future model
Suppliers and/or Musgrave need to hold stock locally Increased lead times
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Customs & compliance procedures create friction, disruption, delays
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- Lack of clarity on Irish border
- Prepare for the worst case scenario
- Minimise disruption and cost
- Brexit ready
Musgrave foodservice supply chain
All island supply model
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Maintaining Consumer Choice
The Irish Consumer
- Diverging laws on labelling and food standards
- Potential reduction in branded NPD launches in Ireland
- Delays and disruption impact choice and freshness
Opportunity for Irish suppliers
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Working with suppliers
- Brexit ready for a ‘no
deal’ exit on 31 October
Challenge
- build stocks in ROI
- secure additional space
- be prepared to comply
with Customs and SPS rules
Action
- focus on lean, efficient
supply chain
- continue to innovate
- seek early
commitments from your customers
Be ready
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A positive future…….
Health & Sustainability Quality Fresh & Local Food Convenience
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