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BASEL: Valentine’s Day, 2019. Panalpina is giving customers advance warning by declaring a no-deal Brexit at the end of next month will mean additional formalities and/or duties: “As a consequence, hindrances to the flow of all sorts of goods at the UK/EU borders cannot be ruled out.”

In a stark advisory to UK importers and exporters, the company warned of supply chain disruption as a result of congestion and delay at ports and airports. “Also, the increased demand for storage space might lead to warehouse capacity crunches.”

Panalpina Tilburg NetherlandsAs a result, Panalpina has set up a special task force to provide its customers with airfreight solutions, Customs clearance and consulting, warehousing and value-added logistics, and supply chain redesign.

“There has rarely been a greater threat to international trade and supply chains that we knew of in advance. Brexit will have a massive impact on businesses not only in the UK, but throughout the world. Panalpina is committed to sustaining its customers’ supply chains,” declared the company's regional CEO for Europe, Christian Wurst.

“While uncertainty prevails, we are planning ahead for all possible scenarios. We are engaged in regular exchanges with the Freight Transport Association, the London Chamber of Commerce and Industry as well as government bodies, so we get informed first-hand about any relevant changes, for example regarding customs regulations,” he added.

According to the Netherlands foreign ministry, over 250 foreign companies, “predominantly British”, from the financial sector, media and advertising, life sciences & health and logistics are currently considering a move to the blooming country as a result of Brexit.

The ministry said 42 companies made a similar migration in 2018, producing 1,923 new jobs and investments of €291 million. They included the Japanese bank Norinchukin and media company TVT Media, financial services providers MarketAxess and Azimo, and maritime insurer UK P&I Club. This year Discovery and Bloomberg have announced they will do the same.

Pictured: Panalpina facility in Tilburg, Netherlands.

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