Ideal Power are continuously reviewing the potential implications of the UK’s departure from the EU and can confirm that we do not foresee any short/medium impact on pricing or extended lead times at the present time, however, with the current uncertainty surrounding the UK’s trade deal with the EU ahead of the October 2019 departure deadline, Ideal Power Ltd have taken steps to counter the possible impact of a ‘No Deal’ Brexit.
Ideal Power will commit to continuing the following best practices in the event of border delays, currency fluctuations and added tariffs or taxes:
- Continue to hold 10-12 weeks stock for projected sales orders
- Honour factory order commitments
- Forward book currency in a bid to avoid passing on any fluctuations affecting our customers
- Update our customers as early as possible of any tariff changes or clearance delays that may affect the price and availability of our products
We would also like to take this opportunity to confirm that the majority of Ideal Power’s products are sourced and manufactured outside of the EU and as such, we would hope the impact of current events should remain minimal.
If you would like to discuss this further, please contact a member of our team at [email protected] or by calling us on +44 (0) 845 260 3400.