Businesses are also planning to stockpile goods in order to offset the impact of increased delays. Despite “scarce” and expensive warehousing almost a quarter of companies are preparing to stockpile in the future and some 4pc have already started to do so, according to the research from the Chartered Institute of Procurement and Supply (CIPS).

Almost 40pc of companies said they were unable to prepare at all for the impact of Brexit, as future trade arrangements were shrouded in political uncertainty. [...]

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