With the transition period ending on 31 December 2020, uncertainty still remains on whether there will be a trade deal between the UK and the EU. Whilst there are external factors which we cannot control, Brexit does not affect our commitment to deliver exceptional customer service.

At JTM Service we have been planning to ensure we can continue to deliver our service. Any impact is most likely to be on our supply chain with availability of spare parts and equipment, and we are confident that we have plans and actions in place to ensure we are able to minimise any disruption, whether a deal is agreed or not.

Brexit Planning and Impact 1

Even with a deal there is likely to be some disruption in delivery of machines and parts into the UK. We have therefore been working with our key supply chain partners to understand their preparation and plans. Steps already taken by suppliers include increasing stock holding ahead of the end of the transition period; contingency planning for spares to be delivered through alternative freight options; and close liaison with HMRC to enhance customs clearance. Further, at JTM Service we are increasing our stock holding of equipment and parts to help minimise the impact of any disruption in supply chain once the transition period ends.

In the event of a Brexit where the UK becomes subject to tariffs then, whilst prices will need to be adjusted to reflect the tariffs, by increasing our holding of parts and equipment in advance of the end of the transition period we will be able to delay the impact of these price adjustments caused by the tariffs.

We continue to monitor the situation and will update plans and actions as required. Brexit does not affect our employee resource and our commitment to deliver exceptional customer service and we are confident we are well prepared and well positioned to minimise any disruption in our supply chain. If you have any questions or would like to discuss further please do not hesitate to contact us.