8 March 2019

Brexit Statement

News
Vado's statement on Brexit

As we approach the UK’s departure from the European Union, VADO appreciates any concern you may have surrounding your business and what impact Brexit may have.

Since the UK referendum result in June 2016 initiated our departure from the European Union, our position has remained unchanged.

Whilst we recognise there is uncertainty surrounding the eventual Brexit outcome, VADO are not anticipating any significant impact on our business as a result of this.

VADO is not reliant on significant trade with any EU members and as such we do not foresee any interruption or delays in our supply chain. As a matter of precaution we have implemented plans to ensure sufficient buffer stocks are available should any delays or congestion be experienced at UK ports.

Whilst the uncertainty surrounding Brexit has made currency exchange rates more volatile, VADO has continued to put in place mechanisms to limit the effects of this volatility in order to provide stability in our pricing.

We will continue to work closely with our customers and supply chain partners to prepare for and prevent any negative impact from Brexit and ensure effective operations are sustained beyond the UK’s departure from the EU.

If you have any queries regarding our position with Brexit, please don’t hesitate to contact our Marketing department at marketing@vado.com.