Carrs Tool Steels; Brexit Preparations.
Several customers have contacted us recently with regards to Carrs Tool Steels Ltd. Brexit preparations / plans.
Due to the current ambiguity of the government’s course it is not possible to plan in any meaningful way for an unknown Brexit.
However, nearly 100% of the material supplied to Carrs is imported from both inside of the EU and also from the wider world. Indeed many of our Partners lie outside of the EU, and as such were are used to dealing with such things as import licenses and tariff codes, should these need to be applied to imports from the EU we are in a good position to easily cope with these changes.
Carrs Tool Steels do not expect any disruption in supply, as material is often purchased from our partners stock, and is ordered well in advance of delivery dates. Where items are purchased from new production, these are ordered months in advanced, a few days extra on the deliveries to process paperwork should not affect supply to our customers.
Carrs Tool Steels Ltd. have not felt the need to build stock of any item, as the route of supply is well established. Indeed Carrs currently carry approximately six months stock of most items, with purchase orders stretching well into the 2nd and 3rd quarters of 2019.
Although Carrs are confident that the supply chain for our products will remain stable, we cannot with any certainty, be as confident with regards pricing. The majority of the products supplied are supplied either in Euro’s or in USD, therefore the price of products supplied may vary considerably from month to month as exchange rate changes take place, this, on top of potential tariffs could vary the cost of the products we supply considerably. We will of course do whatever we can to mitigate any cost increases, but, eventually these will have to be passed on to customers where applicable.
Should any customer have specific requirements that concern them, we are happy to discuss with the customer the prospect of Carrs holding specific stock against call off orders.