No-deal Brexit contingency plan

25 September, 2019

With so much uncertainty remaining, organisations must now plan for the worst and be ready for a disorderly no-deal Brexit. We recommend taking the steps outlined below to help your organisation navigate Brexit successfully.

Four businesswomen at a meeting aroung a table in a bright office.

Prepare: Build Brexit resilience before it hits

  • Identify your key Brexit impacts
  • Agree critical business priorities, action and mitigation plans and key implementation dates
  • Identify key roles and responsibilities and decision-making authority
  • Mobilise the appropriate governance structures in your business
  • Identify and resource your Brexit Programme Management Office
  • Engage with customers, suppliers and employees to build trust and confidence ahead of what may be a difficult time ahead
  • Secure relevant customs and trade registrations and authorisations (e.g. EORI, Deferred Payment etc.) or regulatory compliance requirements (e.g. financial services) or both
  • Engage with external stakeholders such as Customs Brokers to ensure that those stakeholders are Day 1 ready to support your business
  • Train your teams and communicate your Brexit guidance (e.g. create your Day One Operations Manual)
  • Commence implementation of priority or long lead-time changes

Test: Stress-test your plans

  • Assess if your key staff are available and briefed on their responsibilities prior to and after the 31 October deadline
  • Consider if all plans are in place before a potential no-deal Brexit scenario plays out. Doing this can reveal valuable insights that can still be acted upon even at this late stage
  • With Brexit happening on a Thursday at 11pm, the change mid-week creates significant operational and systems issues. Ensure they are prepared to function properly on Friday, 1 November
  • Identify risks and weaknesses and adjust your plans accordingly

Respond: Confront Brexit with confidence

  • Activate the Respond phase in line with any agreed milestones or triggers
  • Maintain strong governance and decision-making structures
  • Deploy your Brexit Contingency Management Team
  • Focus on maintaining critical business activities and de-prioritise less critical activities
  • Communicate with and reassure your key external stakeholders
  • Closely monitor and manage your no-deal plan to ensure benefits realisation

Recover: Emerge stronger and more resilient sooner

  • Implement a smooth, managed transition from the contingency environment
  • Return to business-as-usual management and governance structures
  • Refocus on the long-term strategic portfolio and agenda
  • Resume routine activities that were de-prioritised during the post no-deal period
  • Collate and analyse lessons learned, consider opportunities for change
  • Maximise your competitive advantage over underprepared rivals
  • Maintain vigilance and stay prepared for unexpected developments

Contact us

David McGee

Partner, PwC Ireland (Republic of)

Tel: +353 1 792 8785

Susan Kilty

Partner, PwC Ireland (Republic of)

Tel: +353 1 792 6740

Enda McDonagh

Partner, PwC Ireland (Republic of)

Tel: +353 1 792 8728

Ciarán Kelly

Partner, PwC Ireland (Republic of)

Tel: +353 1 792 6408

Follow PwC Ireland