Brexit & Your Supply Chain in 2017

 

 

Focusing on Brexit for now and the potential impacts to your business, the people of Britain voted for a British exit, or Brexit, from the EU in a historic referendum on Thursday June 23 2016. This has resulted in 2 potential outcomes for the UK :

 

1 Hard-Brexit

Essentially, it all boils down to trade. If the UK does not agree a deal that continues “tariff-free” trading with the EU single market, then it will be seen as having opted for a hard exit.

 2 Soft Brexit

In direct contrast to a hard Brexit, a soft one would not involve giving up most of our current free trading arrangements when UK leave the EU.

 

 

The most visible, and probably the most important, immediate economic casualty of Brexit, however, has been the value of Sterling.

 

 

Impacts

  • The UK border agencies would charge import duties and also collect VAT on the imports.
  • Despite Brexit, the UK will need to comply with EU data protection laws
  • The transfer of data from EU member states to the UK will likely become more complicated.
  • UK growth is expected to slow considerably in 2017, as the consequences of the Brexit vote place increasing pressure on the UK economy

 

As in all situations, this will impact some industries and businesses more than others. If you supply to, or import from, one or more of the following sectors, you can expect change in your supply base from 2017 :

You can look at your 3-5 year strategic plan because that’s going to have to be adjusted for the fact that the UK will have a new relationship with the EU, we just still don’t know what it’s going to be.

We recommended that Irish businesses with significant interests in the UK or large exposure to Sterling, should at the very least initiate their own internal discussions at board level to consider their options should problems arise vis a vis that market.

As always, please do not hesitate to contact us if you have any queries, while we wish you and yours a Peaceful and Prosperous Christmas & 2017.

Increasing Insurance Costs in Ireland 2016

In the last year, more than a third of Irish drivers have seen their insurance rise by up to 50%. Unfortunately, insurance costs continue to increase this year and we are expected to see a further rise of 10 to 15 per cent before the middle of 2017.

 

 

 

Majority of people have a car or house insurance so you might be concerned about increasing insurance costs.

Let’s have a look at some of the reasons behind insurance price increases.

What is happening is that insurance companies are applying general rate increases in an attempt to offset overall underwriting losses caused mainly by:

  • Increase in number and cost of Liability Claims
  • Increase in motor accident claims frequency and costs
  • Severe weather events and lack of attention to property risk management
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The Liability situation is more complex and more volatile. Several factors have led to rate increases and a reduction in insurer capacity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With a number of insurance fraud on the rise Garda has recently arrested 26 people who organised fraudulent insurance claims related to car collisions. There are some actions being taken to take back control over insurance market.

 

 

 

 

As always feel free to contact us if you have any queries regarding your insurance costs.

 

 

Posted in supply.ie by david. No Comments

CIT Savings – October’16 News

Even though the business world is becoming increasingly paperless with electronic and wireless transactions, cash is still playing a big part in everyday business and has to be physically moved from one location to another.
This is particularly true for SMEs.
Cash in Transit services could not only minimise the risks associated with lodging big amounts of cash to the bank but also turn out to be a cheaper alternative and bring in some savings.
We have recently seen an example of a pub in Galway saving almost €1000 in bank fees when availing of cash in transit services. You can read about it in more detail here.
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Some additional benefits of switching to Cash in Transit:
  • The convenient collection and delivery of cash, saving you time and money
  • A reduction in risk and improved the safety for your customers and staff
  • Reduce the exposure of uninsured cash losses
  • Possible reductions in your insurance premium
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What Costs Do You Want to reduce?

Energy     Telecoms      Fuel     Logistics     Travel


 

Yours Sincerely,
Mike McGrath
Managing Director
www.supply.ie :: Saving Time, Money and Hassle with Smart Supplier Sourcing

Posted in Newsletters by david. No Comments

Roomex Reminder – September’16 News

Are Travel Costs a large portion of your Overheads?
Do Trade Shows, client visits, training days, seminars etc. add to your uncontrollable Travel Costs?
Unfortunately this is a concern as travel costs are on the increase.

As predicted by global travel experts hotel rates are increasing 4-6% on average globally by growing demand and decreased new supply. Domestically, the prices are on a rise as well as according to recent report by PwC, the average daily rate for a room has risen to €120.90 in Dublin in 2016, and is forecast to hit €130.60 next year. That would mark a return to 2007 levels. What is more, Dublin has a third of Ireland’s hotel rooms and yet occupancy is running at 82%.
Therefore, we believe this is a perfect time to remind you that we have partnered with Roomex to bring you discounted hotel rates at over 550,000 hotels worldwide.

To avail of these corporate discounted rates, simply book through this link:


Roomex have 10 years’ experience sourcing lower global hotel room rates for over 300 corporate clients such as Musgrave’s, Sisk, AIB, Topaz, CarTrawler, Dairygold, Kepak, Mercury Engineering, KN Networks and many more, so we are now delighted to jointly bring you a platform where Irish SMEs can leverage deep discounts on room rates also.
As always, do not hesitate to contact us if you wish to professionally reduce any non-wage related Overhead Cost. Take note of our Travel Advice to reduce your Travel Costs
What Costs Do You Want to reduce?
Energy     Telecoms      Fuel     Logistics     Cash-in-Transit

                                    

 

Yours Sincerely,
Mike McGrath
Managing Director
www.supply.ie :: Saving Time, Money and Hassle with Smart Supplier Sourcing

Posted in Newsletters by david. No Comments

How to reduce your Travel Spend

 

If you are a company where travel spend takes up a big chunk of your overhead costs you might be a bit concerned about current business travel trends.

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As predicted hotel rates will be driven up 4-6% on average globally by growing demand and decreased new supply. Domestically, the prices are on a rise as well.

According to recent report by PwC the average daily rate for a room has risen to €120.9 in Dublin in 2016, and is forecast to hit €130.6 next year. That would mark a return to 2007 levels. What is more, Dublin has a third of Ireland’s hotel rooms and yet occupancy is running at 82%.

Increasing room rates can lead to higher travel expense if you take business trips on a regular basis.

Therefore, we believe this is a perfect time to remind you that we have partnered with Roomex to deliver a hotel booking engine with vast corporate discounts built in for business travellers. So next time you or a colleague are booking a hotel room, check out supply.roomex.com and compare the savings you will make.

Roomex have 10 years’ experience sourcing lower global hotel room rates for over 300 corporate clients such as Musgrave’s, Sisk, AIB, Topaz, CarTrawler, Dairygold, Kepak etc., so we are now delighted to jointly bring you a platform where you can leverage deep discounts on room rates also.  Thankfully the room rates are ‘selling themselves’ with great testimonials and word-of-mouth e.g.

“supply.roomex.com came on my radar at an opportune time as I was booking Aghadoe Heights in Killarney on Booking.com. It was €239 for one night. When I used supply.roomex.com I got it for €150 per night and of course ended up booking two nights as a result :o )! “

 

To avail of these corporate discounted rates, simply book through the free-to-use link below:

https://supply.roomex.com

 

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While as always, contact us if you wish to professionally reduce any non-wage related Overhead Cost

 

Discounted Hotel Room Rates

Posted in B2B Deals by alicja. No Comments

Reduce Bank/Cash Fees

 

Case Study: Galway Pub Cash-In-Transit Savings

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A publican in Galway wanted 2 collections per week and had banked €1.2million in cash over the last 12 months with AIB. Coin was not an issue as he exchanged notes for coin with a local retailer and it did not cost him a penny.
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With €1.2 million in cash banked through AIB, the bank charged him 0.45% or 45c/€100 to lodge manually (1.2m x 0.45% = €5,400 in bank fees).

However, considering the favorable location, the pub now has 2 weekly collections for an all-inclusive rate of 37c/€100 or €4440 per annum.

While the savings equate to almost €1,000, staff do not have to go outside the door or queue at the bank or even assume the risk of getting robbed by going to the bank – absolute no-brainer!

 

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Wipeout – July’16 News

Are you a business frequently ordering cleaning supplies and thinking of reducing your spend?
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As always cutting costs can be one of the easiest ways to increase profits and should not be overlooked.
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Some helpful tips on reducing cleaning spend include:
  • Purchase in bulk or buy concentrated products
  • Use controls and sensors to limit product usage
  • Clean more frequently
  • Use multi-surface cleaning tools
  • Use re-usable products

Supply.ie have partnered with Wipeout.ie an Irish owned cleaning company offering promotions every month, for example BOGOF (Buy-one-get-one-free) on Brillo pads for any business.

Visit our website to find out more details on July’s special offers.
Yours Sincerely,
Mike McGrath
Managing Director
www.supply.ie :: Saving Time, Money and Hassle with Smart Supplier Sourcing
Posted in Newsletters by david. No Comments

Reducing your Energy Prices and Energy Usage

 

 

 

As you have probably heard, global prices for Oil and Gas have fallen significantly in recent times which means it is a great time to review and reduce your Energy Costs. The ultra-low oil prices (as per Brent crude, the international energy benchmark), are still below the $50 mark since November 2015, even though prices have rallied to $49.01 in recent days.

 

So what does that mean for your business? Smart Procurement and Smart Technologies are providing a range of solutions to help businesses reduce their Energy Costs such as;

 

1: Smart Procurement: Correct your MICs/Tariffs, Avail of Time of Use Tariffs, Group Buy to leverage scale or hedge your energy demands with flexible energy contracting to ensure you effectively lower your energy unit rates in 2016. Smarter Energy Procurement leads to instant cost savings, while proactive businesses will then invest the savings in Energy Efficient Equipment (as follows).

 

2: Smart Lighting: Installing light-emitting diode (LED) fixtures is the first step but technology has advanced so choose LED’s with built-in intelligence – occupancy sensors, daylight harvesting and scheduling to achieve savings of up to 90% on lighting. These solutions can be funded from your future savings, ensuring minimal-to-no CAPEX requirement

 

3: Smart Boilers: Most Hot Water boilers are not smart i.e. they are inefficient, unmaintained and expensive. However, intelligent retrofit boiler controls exist that optimise the efficiency of each individual boiler with guaranteed 10% savings available.

 

4: Smart Legislation: From SEAI’s Energy Auditing Scheme to the Energy Efficiency Obligation Scheme (EEOS) to the Accelerated Capital Allowances scheme for Energy Efficient Equipment, many incentives exist to reduce your Energy Consumption. In addition to these incentives, opportunities exist to sell your reduced carbon credits to energy suppliers and obligated parties, which unearths additional funds for your Energy Conservation projects.

 

5: Smart Alternatives: With Bio, Solar, wind and water alternative Energy sources becoming readily available with appealing businesses models, there has never been a better time to start considering cost effective solutions such as Rented Energy, where savings in the region of 30-50% are the norm.

 

So what SMART Energy Solution interest you? We welcome any queries you may have with regards the above Energy efficient solutions and we look forward to reducing your Energy prices and usage in 2016.

 

 

Arvo is an award winning Procurement Consultancy, backed by Enterprise Ireland. Arvo supports and services in-house procurement capabilities to achieve procurement objectives, business efficiencies and commercial savings. Arvo provides a complete suite of procurement services, expertise and bespoke technology, plus end-to-end management to implement savings programs.

 

Posted in Energy Savings by alicja. No Comments

Save time and money while ordering cleaning supplies

 

 

 

 

If you are a business ordering cleaning supplies on a regular basis Wipeout.ie is something definitely worth considering.

Wipeout Ltd is a cleaning and hygiene supplier with over 20 years of experience. With its wide range of cleaning products they also offer great online monthly promotions.

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Throughout the month of July Wipeout.ie offers the following:

 

  1. Spend over  €150 get Comfort Regular 5ltr
  2. Buy 2 Bins get 1 Free
  3. Buy a case (12) of Air Freshener get a Chrome Dispenser Free
  4. Buy 1 Pack of 20 Brillo get 1 Free

 

 

 

 

Please note special offers are strictly online only and are based on first come first served basis.

 

 

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Posted in Guest Posts by alicja. No Comments

Reduce your Energy Costs – June’16 News

Smart Procurement and Smart Technologies are providing a range of solutions to help businesses reduce their Energy Costs such as;
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1: Smart Procurement: Correct your MICs/Tariffs, Avail of Time of Use Tariffs, Group Buy to leverage scale
2: Smart Lighting: choose LED’s with built-in intelligence – occupancy sensors, daylight harvesting and scheduling to achieve savings of up to 90% on lighting.
3: Smart Boilers: retrofit boiler controls exist that optimise the efficiency of each individual boiler with guaranteed 10% savings available.
4: Smart Legislation: many incentives exist to reduce your Energy Consumption e.g. SEAI’s Energy Auditing Scheme, Energy Efficiency Obligation Scheme (EEOS), Accelerated Capital Allowances scheme for Energy Efficient Equipment
5: Smart Alternatives: cost effective solutions such as Rented Energy, where savings in the region of 30-50% are the norm.
There are many options available to reduce both your energy cost and consumption and ultimately save money.
If you wish to discuss them further please make sure to  contact us today.
If you would like to find out more please visit our blog for a full length article.
 

Yours Sincerely,
Mike McGrath
Managing Director
www.supply.ie :: Saving Time, Money and Hassle with Smart Supplier Sourcing

Posted in Newsletters by david. No Comments