A consistent pattern with Brexit disruption is large, established and well capitalised players being able to roll with the punches while smaller operators get knocked out.
Here, it's antiques. 👇
Here, it's antiques. 👇
https://twitter.com/lisaocarroll/status/1379000712798027778
Quick explanation of why:
1️⃣ Bigger firms have economies of scale on everything from paperwork to shipping.
2⃣ Bigger firms less likely to send mixed groupage consignments of lots of different things (customs nightmare).
1️⃣ Bigger firms have economies of scale on everything from paperwork to shipping.
2⃣ Bigger firms less likely to send mixed groupage consignments of lots of different things (customs nightmare).
3️⃣ Bigger firms have on house expertise, and/or can more easily afford bespoke external experts.
4⃣ Bigger firms are more able to shape policy, enjoying better formal access (consultations), semi-formal access (lobbying), and informal access (kids at same school as Ministers).
4⃣ Bigger firms are more able to shape policy, enjoying better formal access (consultations), semi-formal access (lobbying), and informal access (kids at same school as Ministers).
5⃣ Bigger firms have more resources to throw at preparations, and more head space to consider long term abstract risks like government policy change.
6⃣ Bigger firms are in a stronger position to negotiate favorable rates & terms with suppliers and vendors, to pass on the pain.
6⃣ Bigger firms are in a stronger position to negotiate favorable rates & terms with suppliers and vendors, to pass on the pain.
7️⃣ Bigger firms have more capital reserves and can absorb short and even medium term losses, allowing them to continue to serve customers while they adjust their operations.
8️⃣ Bigger firms were more likely to have already been trading beyond Europe and thus have experience.
8️⃣ Bigger firms were more likely to have already been trading beyond Europe and thus have experience.
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