BREXIT

Brexit has the potential to be one of the most significant impacts on the Irish economy since the foundation of the state. Companies can plan and take immediate action to effectively mitigate the risks and avail of the opportunities that Brexit poses on their business.

The Brexit Unit in Enterprise Ireland is leading the agency’s response to Brexit. A key part of this role is to support Enterprise Ireland’s clients in preparing for the risks and opportunities that Brexit poses. Despite the uncertainty, Irish companies can and should take immediate action to mitigate the potential risks and also position themselves to take advantage of opportunities. These actions will increase a business’s resilience and make practical business sense, irrespective of Brexit.
In addition to making strategic decisions in relation to market diversification, investment in innovation and increased competitiveness, Enterprise Ireland is encouraging companies to develop their capabilities in 3 specific operational areas: Financial & Currency Management, Strategic Sourcing and Customs, Transport and Logistics.

Business Strategy

While a lot of uncertainty exists around exactly what Brexit will mean for the European trading landscape, Irish companies need to examine their business strategy now and decide where adjustment— if any— is needed.

Operations

Brexit may result in complications that affect the various systems and resources within your business that keep it running on a daily basis. It is important to understand and review your operations from end-to-end— from suppliers right through to end-users— to ensure that you are prepared for all eventualities.

  • Brexit : Logistical impacts
    -
    -
    Read More
  • Brexit: Supply Chain Impacts
    -
    -
    Read More
  • Brexit: Logistics Decisions
    -
    -
    Read More
  • Brexit Unit: Regulations
    -
    -
    Read More
  • Brexit: Sourcing Decisions
    -
    -
    Read More
  • Brexit : Service and delivery impacts
    -
    -
    Read More
  • Brexit: What is strategic sourcing and its impact on your business?
    -
    -
    Read More
  • Brexit: Actions from a sourcing perspective.
    -
    -
    Read More
  • Brexit: Transport & Logistics risks.
    -
    -
    Read More
  • Brexit: Supply Chain impacts for Irish Companies
    -
    Read More
  • Brexit: Tariffs Post Brexit
    -
    Read More

Innovation

Investment in the development of innovative and value-added products and improved services and processes is a key measure Irish companies can take to overcome the potential challenges of Brexit.

Sales & Marketing

Taking a more strategic approach to sales and marketing is essential for Irish businesses if they are to succeed in differentiating themselves and generating new business to deal with the potential shortfall that Brexit may cause.

Financial Management

Navigating through and beyond Brexit successfully will require strong financial management and exchange rate volatility is the key challenge to be faced in the short to medium term.

  • Brexit: Currency Risks
    -
    -
    Read More
  • Brexit: Financial Management. What needs to be in place to prepare for Brexit?
    -
    -
    Read More
  • Brexit: Financial Management Considerations
    -
    -
    Read More
  • Brexit : Financial Models
    -
    -
    Read More
  • Brexit: Currency fluctuations
    -
    Read More

People Management

Building effective leadership and management capability within Irish companies has never been more important given the likely challenges arising from Brexit. This capability will be crucial in steering companies through this unprecedented period with conviction and vision.

  • Brexit: Movement of People Restrictions
    -
    Read More

Recommended Reading

For Further Learning:

  • The Open Access Area of this site is accessed via the home page, there you can access free open content related to Brexit and all topics
  • Register for for the Scenario Planning for Brexit Workshop, this workshop will helo you to become aware what the specific issues for your company are when it comes to the impact of Brexit.
  • You may also wish to view the rest of Enterprise Ireland’s Excel Programmes here
  • For additional support get in touch with you your assigned Enterprise Ireland contact or Development Advisor.