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This Week in Consulting

Friday, July 13th, 2018

Beyond Brexit: Navigating Through Uncertainties

THIS WEEK’S MUST READ

“In times of significant discontinuity, one approach to business strategy stands above others: Scenario Planning. It is a powerful method for dealing with uncertainty, allowing executives to move away from making mere forecasts, and instead developing a number of scenarios that describe alternative ways in which the future might unfold.”

Brexit represents the biggest disruption to business in a generation and will affect every business across all industries and sectors. Europe is on countdown to March 2019 when the UK will officially leave the EU. A potential transition period is still under negotiation. How and what that may look like has not yet been determined or clarified, and despite progress huge uncertainties remain. For a process that has been more political than commercial to date, it is important that a company with UK and European business interests has planned for a number of different outcomes and is prepared for a period of extended uncertainty. Companies will need to be flexible and ensure they have a range of options in place to protect their interests.

This Week’s Must Read features an insight piece from L.E.K, where the consultant sets out four possible scenarios for a post-Brexit world, and explain how to develop a winning strategy for an uncertain future.

Read on to Find out More: “The Future of Procurement Arrives at Last”, featuring Aubry Pierre from L.E.K.


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THIS WEEK’S VIDEO:

How do we address the fear as well as growing disillusionment with the political establishment, while refusing to give in to xenophobia and nationalism after the Brexit? Join Betts as he discusses four post-Brexit steps toward a more inclusive world.

INDUSTRY NEWS & INSIGHTS

THOUGHT LEADERSHIP

  • Five Ways to Create Brexit Proof Leaders: The implications of departing the EU are proving to be wider-reaching than many anticipated, and organisations are re-planning strategies, restructuring businesses, and re-considering recruitment, all without the clarity of new legislation.  | Amy Dickinson, Marianne Smith, PA Consulting
  • Not Just Across the Pond: How US financial institutions prepare for Brexit: Financial institutions headquartered in the US have varying degrees of exposure to the situation in the UK including
    deposits, loans, and securities; physical assets such as branches, call centers, offices; and employees, contractors, and vendors. This article examines how these emerging issues will likely influence specific areas within your business | John Stadtler, Bill Lewis, Adam Gilbert, Chris Scarpati, PwC Consulting
  • Costs Up, Prices Up: Brexit’s Impact On Consumer Business And Their Customers: Tariffs and red tape on imports and labour costs all contribute to the price paid for a product or service. All three of these may change after Brexit and our work measures the complex interactions between them.  | Duncan Brewer, Lisa Quest, Rachel Gregory, Oliver Wyman
  • 8 Ways to Strengthen Your Brexit Supply Chain: Brexit threatens to rip up the rules on how supply chains operate across Europe. This insight piece is designed to address some of the most urgent issues from managing a squeeze on working capital, to avoiding customs chaos and how to exploit that strategic opportunity.  | Andrew Underwood, KPMG

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