Fairly recently I was in conversation with the owner of a small shop in Newlyn, Cornwall. He was telling me that various of his suppliers are based in the European Union and had promised him that their business relationship would remain unchanged when the UK leaves the EU. Unfortunately that’s not the way it works, but I don’t want to open up a discussion on that particular topic.
What the two of us did agree was that even small businesses cannot take supply chains and supplier relationships for granted in these changing times and that such businesses need to be putting in place contingency plans to maintain continuity of trade in the event that things may not work out exactly as hoped. Those contingency plans need to be drawn up with due diligence in regard to ethics if a company’s ethical status is not to be compromised. It may or may not be possible to do that fairly quickly but the point is this: one does need to build into the contingency planning the time needed for such due diligence investigations …and that applies regardless of your views on the UK leaving the EU.