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Amazon Brexit Advice: 4 to 8 Weeks of Inventory in FBA
Following the failure of Parliament to meet the 31st of October 2019 Brexit Date, Amazon have updated their Brexit Advice, which is simply to ensure you hold the standard 4 to 8 weeks inventory in stock.
The new Brexit deadline is the 31st of January 2020, however, depending on the results of the December 12th General Election, if the next Government have both a majority and the will to complete the Brexit process, an earlier Brexit date, possibly the 31st of December 2020 could take place.
If the Conservatives win a majority an earlier Brexit date appears likely. If Lib Dems win a majority, on their first day in office they plan to revoke Article 50 and the UK will remain in the UK. If Labour win a majority, they plan to renegotiate a ‘better’ deal and then hold a referendum campaigning against their own deal. A likely result will be another hung Parliament in which case the party with the largest majority will have first crack of getting their preferred course of action through the Commons.
Amazon updated Brexit Advice
“Earlier this year, we shared guidance about preparing your Amazon business in the event of a “No-Deal” Brexit. On October 29, 2019, the UK and EU agreed to postpone the UK’s scheduled departure date from the European Union to January 31, 2020, which means that the previous departure date of October 31, 2019 is no longer relevant. While a No-Deal Brexit on January 31, 2020, is still a possibility, there is currently no immediate change to your existing relationship with Amazon.
Our current guidance is to maintain the standard four to eight weeks of inventory coverage as a best practice.”