Brexit Delays Spark Rush for Warehouse Space
- Bonded customs warehouses are in demand to manage duties
- U.K. firms exporting food to Ireland snap up Dublin storage
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British businesses are racing to secure extra storage space as the risk that the country leaves the single market at the end of the year without a trade deal threatens their supply chains.
Marks & Spencer Group Plc, Rowse Honey and Harvey Nichols & Co., are among companies that have recently applied to HM Revenue & Customs for a license to import and export without paying tariffs, or converted existing space into a so-called bonded or customs warehouse.