98 per cent of firms have not made plans to deal with Brexit – Intertrade Ireland
Intertrade Ireland was perhaps the first organisation to point out the extent to which Irish businesses were relying mostly on tv news for their Brexit information.
It conducts quarterly surveys and given a year has almost passed since the Brexit referendum you might have expected that to have changed. Not so with its latest Business Monitor Report showing that 98% of firms surveyed have not made plans to deal with Brexit. Intertrade, which is launching its own advice service, is expressing concern with Director of Strategy and Policy Adian Gough saying:
“InterTradeIreland’s message is simple, while we recognise the pressures facing small business owners dealing with the here and now, there is, nevertheless, a window of opportunity that must be grasped to prepare for the challenges and indeed the opportunities that will be presented by a new cross-border trading relationship set to emerge over the next few years.
Overall the report reveals evidence of an intensely competitive economic environment. Companies are taking advantage of buoyant levels of market confidence, however this is balanced with challenges caused by rising energy, overhead and supply costs, new competitors and difficulties recruiting appropriate skills.