Will we be ready for Brexit?
We have been working on our Brexit plans for some time now. Initially we identified four key risk areas and established the actions that we would take to mitigate them. We have a cross functional team that have been working tirelessly to make sure we are as prepared as we can be. We are confident that we are as prepared as we can be, based on the information that we have, and we will be flexible and agile to adapt to any changes as a result of the agreement.

Have we evaluated our insurance policies, including inclusions and exclusions, to understand coverages for the impacts associated with Brexit?
Yes, there is no change to our coverage based on our insurer.

Do we foresee any challenges related to changes to contract terms, IP rights, Force Majeure as it relates to insurance?
No

Have we performed contract reviews across our organisation to identify Brexit-impacted terms? If yes, have we identified any risks in relation to increased financial/regulatory liability, termination or claims related to changes in law, references to EU law, Material Adverse Change (MAC) clauses, force majeure, jurisdiction, territorial limitations and specific Brexit clauses?
Yes, and there is no material impact.

Have we assessed the impact of product/service specific regulatory changes associated with new and altered compliance regimes?
Yes

What business continuity plans (BCP's) has our organisation made for supply of oversea parts/materials that could affect the goods/services we provide?
We have a number of weeks of safety stock on our fast moving lines and we plan to increase the level of safety stock for these fast moving lines. We continue to work with our suppliers to validate their level of preparedness.

Are invoice, packing list and export declaration documentation available?
Yes

Is the product tariff code (minimum 6 digits) clearly marked on invoices?
Yes

Is the country of origin clearly marked on invoices and the product packaging, ensuring that the criteria for defining country of origin is checked?
Yes

Are export licences, where applicable, available?
Yes

Does wood packaging material (WPM) meet ISPM15 international standards?
Yes

Have we carried out a risk assessment for the changes in customs procedures for both exports and imports following Brexit?
Yes

Have we engaged with our overseas suppliers to assess potential disruptions to delivery of these goods?
Yes

Have we completed an assessment of our suppliers in regard to their readiness and continuity risks? If yes, highlight the high-level outcome of the assessment. 
RS have assessed its supply chain and deemed supplier readiness is high. Additionally, as an organisation we are planning for a worst-case scenario in the following areas:
  • Reduced free movement of products, goods, services and people across the UK/EU border
  • Increased tariff and duty costs on goods moving between the UK and EU
  • Increased administration to process the required cross border data flows
  • Restrictions on people movement could lead to labour and skills shortages in some sectors

What means of transport are we using for deliveries?
We use supplier transport or 3rd party logistics in Norway. Our partners are DHL Express, DHL Freight and Ziegler.

Can we provide HS Codes, Country of Origin, Country of Despatch and Weights for all goods, and can we confirm we have the resources to provide this at point of quotation?
Yes, we can provide this information.