Stellantis is the latest major carmaker to signal discontent over high export costs as a result of the Brexit trade deal. It follows a period of uncertainty over the Retained EU Law Bill, which has been debated in the House of Lords this week.
Continued uncertainty over the new border controls between the UK and EU mean automotive businesses moving goods are swimming in murky water, unclear what future regulations could look like.
Access to global markets is now essential for most businesses; therefore, a clear understanding of border regulation is needed to make an informed decision of where and how to buy and sell products internationally. Importers and exporters should leverage technology that provides the most current cross-border trade regulations to ensure companies are compliant. Firms that can leverage technology to manage through change are best positioned to adapt quickly and gain competitive edge.