Our site uses cookies

I agree Our site saves small pieces of text information, called “cookies” on your device. Find out more in our cookie policy. You can disable the usage of cookies by changing the settings of your browser. By continuing to browse the site you are agreeing to our use of cookies.

Brexit: How do you deal with currency volatility?

In an article originally published in Supply Management, Sushank Agarwal and Ben Lambert of Efficio discuss how Brexit-related currency fluctuations are making supply chains more expensive.

Ben says:

You need to have a better understanding of the currency situation … No buyer wants clauses around changing prices.

Instead, he suggests having a ‘dead band’ around currencies in contracts.

Sushank adds that collaborative discussions with suppliers are key. It is easy to tell suppliers that you don’t want to be overpaying for their products, but nor do you want to cause them financial hardship. Instead he suggests finding a way that you can “share the risk”.

To read the full article click here.

Contact our expert

Sushank Agarwal Principal

COVID-19: Key short-term actions for manufacturers to take
Insight
COVID-19: Key short-term actions for manufacturers to take

As COVID-19 impacts manufacturing supply chains, which key short-term actions should be taken?

Clarity from complexity
Case study
Clarity from complexity

Resolving complex supplier negotiations and delivering rapid savings at a leading world bank

Driving value and innovation from your suppliers
Insight
Driving value and innovation from your suppliers

When it comes to supplier management, everyone else is doing it and driving value and innovation - here's five ways you can do it too.

A recipe for success: Enabling accelerated growth at MEC3
Case study
A recipe for success: Enabling accelerated growth at MEC3

MEC3 had ambitious plans to grow its presence in the specialty ingredients market through new acquisitions.Efficio delivered immediate savings to support MEC3’s growth strategy – while transforming their entire approach to procurement.