Accessability Links
Cookies on our website
By continuing to use this website we will assume you are happy to receive cookies as outlined in our cookie policy
Accept Policy

KPMG: Brexit leading to rising demand for business advisory services

Apr 03
 
Tags: KPMG LLP
Share this story:
KPMG: Brexit leading to rising demand for business advisory...

Management consultancy and advisory services are likely to see growing demand in the coming months as companies across the UK commence their Brexit preparations in earnest.

This is according to Karen Briggs, head of Brexit at KPMG, who said bosses across the country are becoming increasingly proactive about preparing their organisations for the potentially huge impact that Britain's exit from the European Union could have.

Commenting in the wake of prime minister Theresa May's triggering of Article 50 of the Lisbon Treaty, which formally commenced the two-year process that will take the UK out of the EU, Ms Briggs said the majority of chief executives have devised Brexit plans and are now putting them into action.

This means speaking to and reassuring members of staff that may be affected, as well as seeking new regulatory approvals where necessary and shifting certain parts of their operations, while others are ramping up of recruitment and investing in the training of local staff to counteract any restrictions that Brexit could place on the supply of skilled European workers.

Other companies are making acquisitions to address potential changes in tariffs, implementing new designs to circumvent cost pressures on imported components, and moving their focus away from the south-east to reduce costs.

Not only is this helping to prepare firms for a potential "cliff edge" scenario if the UK leaves the EU without new trade deals in place, but is also making sure that these organisations are able to capitalise on any business opportunities that Brexit may provide.

Karen Briggs, head of Brexit at KPMG, said: "Collectively this adds up to a sharp uptick in demand for advisory services across immigration, customs and supply chain. Indeed, we're currently in the process of boosting the support we already offer around EU nationals, treasury, plus trade and exports. Our advice to business is that it has become untenable to not have a Brexit plan."

Search Mindbench.com for the latest management consultancy jobs and consulting recruitment opportunities or contact us on +44(0)207 089 9017.

Image: CharlieAJA/iStock

Share this story:
Add new comment
Jobs Related to this Post
5 result(s) found 
Page 1 of 1 

£35k-£50k plus excellent bon...
Choice of London, Switzerland and Germ...
Our client is actively seeking exceptional individuals to join their team as Business Analysts in London They are a boutique management consultancy. They partner with private equity firms and
€80k-€90k plus bonus, benefits
Amsterdam, Dutch language not required...
Our client is the consultancy arm of a global integrated marketing agency network. They help our clients grow through disruptions by delivering improved customer experiences
£70k-£100k plus bonus, benef...
Central London
As a communications and culture consultancy that is built around purpose, values and sustainability, every single project that our client delivers makes the world a little bit happier and healthier -
£50k + (OTE £85k+)
London
About: Our client is a global learning solutions and technology provider to the financial services market in the UK. They have a large variety of products through which they educate over 2m
£80k-£100k plus bonus, benef...
London and Midlands
Our client is growing the work they are doing in the Utilities sector. They are looking for a  Managing Consultant or Principal Consultant to be a member of their Core and / or Operations team