TFC Brexit Statement
Brexit Statement – August 2019
Morgan Burgoyne TFC CEO - “TFC's aim is to provide stability & confidence in an uncertain time”.
TFC has been pro-actively working on our Brexit strategy. This included the creation of a cross-functional team tasked with forming a robust set of strategies to cover the many potential final outcomes. Collation and dissemination of available data/information has been at the forefront of this process to help identify areas of risk for TFC & our loyal customer base both in the short & long-term.
There continues to be a heightened risk that the UK will fail to agree on a suitable position that is supportable for all parties. We now face the very real prospect of leaving the EU on October 31st 2019 without a ‘deal’. The impact of this will be wide-ranging, FX rates, potential tariff changes etc. which are all outside of our control to a certain extent. However, like other committed companies within the extended supply chain, TFC have identified the key area of supply continuity in the face of cross-border customs delays.
To mitigate this risk TFC embarked on a contingency stocking process to ensure the stability of supply earlier this year onwards. A comprehensive review of our cross-border purchases has been completed and order commitments placed or alternative domestic sources identified for those core products that are deemed to be at risk. We have also pro-actively been working with key customers to ensure sufficient stocks of ‘specials’ are in place – (+85% uptake of our suggested underwritten stock commitments – C-class may only be a small proportion of end product value, but if unavailable can still lead to expensive production downtime).
TFC are committed to all current & new customers alike. Through our network of logistic sites (7 UK, 2 Germany, 1 Czech Republic) we have storage capacity and supply chain solutions to continue to pro-actively support our customers and to cover any eventuality.
Only working together can we be in a position to provide stability in uncertain times. Should you have concerns and wish to discuss what options we have to suit your business please contact your local TFC Team:
|TFC Ltd - Head Office (Heathfield)||Sally Crouchemail@example.com||+44 (0) 1435 866011|
|TFC Colchester||Nina Burtonfirstname.lastname@example.org||+44 (0) 1206 210082|
|TFC Keighley||Daniel Whelanemail@example.com||+44 (0) 1535 665414|
|TFC Walsall||Martin Broomfirstname.lastname@example.org||+44 (0) 1922 749940|
|TFC Airdrie||George Lawrieemail@example.com||+44 (0) 1236 751815|
|TFC Basingstoke||Debbie Catofirstname.lastname@example.org||+44 (0) 1256 224200|