CIPS health check, to help firms tackle Brexit
CIPS health check has been released to help firms tackle Brexit. The tool includes information and advice on how best to respond to the economic disruption caused by the referendum. The CIPS Brexit Health Check Brief, published today, points to the ability of supply chain managers to minimise panic across the company, and to arm their business with contingencies and flexible plans. The first step is to reassure suppliers and customers. The Health Check is broken down into three categories: what to do now, how to assess potential risks, and how to prioritise where to focus your resources in these uncertain times. Go to the full article "CIPS health check"
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Six must-reads about Brexit, In Procurment and Supply Cahin 04/07/16 : The foreign media has contemplated Brexit with confusion, consternation and condescension. The Washington Post called it “an act of national insanity”. Economist Ben Bernanke, who ran America’s central bank from 2006 to 2014, gave a more considered view for the Brookings Institution. “The biggest losers, economically speaking, will be the British themselves,” said Bernanke
Digby Jones, the former CBI chief who describes himself as a “reluctant Brexiteer”, offers an uplifting alternative to Bernanke. On a blog headlined: “A brave new morning”, Jones sounds anything but reluctant, hailing a “revolution against the ‘Nanny knows best’ brigade” and proclaiming: “It is in the interests of businesses on both sides of the Channel for a new set of rules to be agreed soonest, and for them merely to continue the present trading situation. That message should be shouted loudly from the rooftops every day!”
Pro-Brexit economist Roger Bootle is less gung ho than Jones, but remains confident, that leaving the EU will not wreck UK Plc. He forecasts that the British economy will expand 1.5% this year – and by that amount in 2017 – although he expects no growth whatsoever in the second half of 2016. Like Bernanke, Bootle believes a weaker pound could ultimately make British manufacturing more competitive. Read the full article "Six must-reads about Brexit"
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Brexit: the legal implications for procurement: From a UK perspective, the English law regime governing procurement remains, for the time being, unchanged. In the public sector arena, relevant EU laws are largely transposed into domestic laws such as the Public Contracts Regulations 2015. These will not be repealed overnight. And British firms competing for public procurement contracts in other EU member states are still guaranteed access to the public procurement market by the Procurement Directive for the time-being. But in the telecoms, post, water, energy and defence sectors there are already specific rules allowing the market to be closed to bidders from third countries, which is what the UK will become. It will be some time before we see any actual change to procurement practices resulting from Brexit, although Brexit clauses, triggering renegotiation or other steps, were being included in some contracts before the referendum. How the UK government seeks to unpick and separate the UK legal system from that of the EU remains to be seen. Much will depend on the way in which the exit is carried out, including maintaining our relationship with the EU through the EEA (the Norway model) or through the EFTA (the Switzerland model). Read the full article Brexit: the legal implications for procurement