Oireachtas Joint and Select Committees
Tuesday, 27 February 2018
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Update on Preparations for Brexit: Discussion
4:00 pm
Ms Anne Lanigan:
I will comment a little further on Senator Reilly's question about the point that companies, if they are not exporting to the UK, may be exposed to Brexit in other ways. For example, they may be servicing or providing supplies to a company that is exposed to the UK market. We also need to remember that companies will be exposed if they are buying from the UK market. The vast majority of product coming into this country comes from or through the UK, so that is an impact for our companies. This is why, going back to the scorecard, and this is one piece of the scorecard, companies really need to look at how they might be exposed on that side of their business as well, hence our focus on strategic sourcing, helping companies to see whether they are buying their product in the right place, the implications, and what changes they might need to match their business on that sourcing side to ensure they are not heavily hit on that side as well.
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