Brexit: Nestlé's hoarding Nespresso capsules

Switzerland was the fifth largest coffee exporter in the world, thanks to Nespresso. The capsules are made exclusively in Switzerland. the Nestlé there are no known Figures, but exports to the statistics of the Federal customs administration. According to the United Kingdom, Switzerland exported in November 411 tonnes of coffee to the value of 12.6 million Swiss francs – an amount of increase of 38 percent compared to the previous year, and as much as never before.

The record also has to do with the threat of a Brexit. 29. In March, the British should leave the EU internal market. But the Parliament rejected on Tuesday the Prime Minister, Theresa May, with the EU negotiated agreements.

increased stock against Supply interruptions

With the construction of Warehouses the company prepare for the disorderly exit, the hard Brexit. Every day nearly 1 Million tonnes of imported Goods from Switzerland to the UK. According to the EU exit from the necessary customs clearance is the Problem. In the port of Dover, you will take on average two minutes. You only need two minutes more, give it to jams of 27 kilometers in length, warns of the port operator.

companies are working on contingency plans to avoid any possible customs duties, delays, or interruptions in the supply chain. "Hamster purchases, such as after a storm warning," observed the credit insurer Euler Hermes last October. Storage areas are everywhere in the country almost. "A No-Deal-Brexit-could have a significant impact on the food and beverage industry and the availability of Raw materials and finished products affect," says Nestlé spokesman Michael Jennings. Nestlé was prepared to reduce potential interruptions to consumers to a Minimum. Among other things, with increased Storage.

Depending on the industry, the companies are preparing different before

The Schaffhausen-based industrial group Georg Fischer has introduced measures to, in the case of a disordered Brexit the logistics chain to maintain, and, among other things, the stock increases. The from Baar, construction chemicals group Sika expects additional costs in the event of a hard Brexit and difficult procurement of raw materials. Is also affected by the Migros subsidiary Mibelle making in the English city of Bradford personal care products. She is preparing for different scenarios. It is, among other things, the position of the raw material availability or the possibility of a rapid shift of production to factories in Switzerland or in France. The additional cost of a hard Brexit could be", depending on the scenario considerably".

The most important group of goods in the trade of Switzerland with the United Kingdom pharmaceutical products. They accounted for 2017, the value of 45 per cent of all Swiss exports. "We plan, before the 29. March increased inventory levels across the entire drug portfolio from Novartis and Sandoz to provide," said Novartis spokesman Satoshi Sugimoto. Also, Roche is trying to reduce all of the risks and ensure that patients in the UK and on the European mainland will continue to have access to medicines. Roche moved now activities in the area of safety of medicines from the UK to Germany, as the "Wall Street Journal" reported on Thursday. The reason is that holders of drug approvals, granted by the European medicines Agency (EMA), must have their seat in the EU. Due to the Brexit, the EMA of London to the Netherlands.

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Swiss companies have built up in the UK direct investment of more than CHF 54 billion and employ nearly 100 000 people. With statements about Personnel shifts in connection with the Brexit, the companies are careful.

For Swiss banks, insurance companies and consulting firms, the UK is one of the most important export markets. At Credit Suisse, in the event of an uncontrolled exit would win, especially Madrid, Frankfurt and Luxembourg in importance. London will remain "in any case, an important site in our global footprint," said the Bank. UBS expects that only a small proportion of employees in London will move due to the Brexit to Frankfurt, or other EU places.

Still a little time for the averting of the hard Brexit. The financial markets seem to expect a shift of the exit date. According to the Parliament decision on Tuesday, the British pound and the London stock exchange stabilized. The companies continue to hope for the Best, prepare for the worst.

(Sunday newspaper)

Created: 19.01.2019, 19:58 PM