Wed Nov 13th, 2019 at 11:14:06 PM EST
Shadow of Brexit fuels Dutch warehouse logistics boom
"Post-Brexit, the U.K. cannot function any more as a key entry and exit gateway of the EU," Lehmacher said. "Too many factors may hinder the fluidity of the supply, ranging from administrative burden to potential delays."
He added, "Flows of goods that can, will avoid the U.K. and U.K. warehousing and distribution facilities will be closed and reopened in markets in the EU, mostly in the Benelux countries where most of the EU distribution centers are located."
Jorn Douwstra, business manager for international trade and investment at Rotterdam Partners, also confirmed the trend, noting that financial and insurance companies had already moved to the Rotterdam area to avoid licensing issues.
"We think that a lot of multinationals already have a plan to move," he said. "A lot of small businesses in the U.K. don't know what to do and are waiting until there's a final decision on Brexit. And we see a lot of mid-size companies trying to make up their minds."
SMEs will move or they'll go under. The UK's international trade infrastructure is way over-built for a market of 66.4 million people.