RETAIL
SOLUTIONS
SEAMLESS CUSTOMS SOLUTIONS:
EMPOWERING HIGH-STREET & LUXURY FASHION
.png)
SEAMLESS CUSTOMS SOLUTIONS:
EMPOWERING HIGH-STREET & LUXURY FASHION
Globalisation and the increase in outsourcing to cost-effective overseas labour has reshaped the UK retail scene. As a result, the most successful UK retailers are also the UK's leading importers and exporters.
In the fast-paced world of fashion, navigating global supply chains and customs regulations is key to staying ahead. In a sector where high customs duties can negatively impact profit margins, smart businesses seek solutions within their supply chain strategy and use innovative customs processes, combined with technological advancements to convert customs processing into a commercial advantage over competitors.
A retailer strictly following legal procedures but facing unnecessary import duties shares similar commercial risks with one that, while paying less in duties, operates in a non-compliant matter.
.png)
Each time goods cross a customs border, a margin is potentially lost in import duty. Even the most efficient apparel supply chains will move materials across borders at least 5 times during the production process.
By reducing import duty throughout the supply chain, you can maximise margin against the final sale.
.png)
Embracing sophisticated customs regimes can create more strategic options, that in-turn allow for better decision making as to where goods are sourced and distributed from.
Comparatively, traditional supply chains are more likely to suffer from administratively burdensome processes and have consequently designed their business around lengthy production timelines.
.png)
Any business that imports or exports goods has a legal responsibility to accurately declare goods to customs authorities and pay the correct amount of import duty and tax.
Whether or not intentional, harsh penalties are given to businesses who fail to fulfill their obligations and act in a non-compliant manner.
"We truly appreciate the support BKR provided us on a preferential origin project. Their support allowed for a significant step forward in unlocking further duty savings for Brooks Sports."
Director of Trade Compliance
Brooks Sports Inc.
Some of the common challenges even leading brands encounter
From large multinational PLCs to local SMEs, our extensive experience in the retail sector has illuminated recurring challenges that businesses in this domain repeatedly face
Uniquely constructed for high-street and luxury fashion
A dedicated compliance resource is a luxury. However, retail businesses have some of the highest risks of non-compliance and rarely have sufficient resources to monitor and oversee their legal responsibilities as importers or exporters.
How could this service benefit my business?
What is the scope of this service?
Industry specific customs expertise can be hard to come by and depending on the size of your organisation, it may not be a full time requirement. However, investment in customs expertise can have a tangible impact in regards to reducing costs and avoiding any compliance risks that could ultimately cost the business in the future.
Signs this will benefit your business:
How could this service benefit my business?
What is the scope of this service?
Finance, logistics, buying and sales are incomparable within their day-to-day function, but share an equal responsibility when it comes to managing import duty expenditure. Not addressing the overlap between these areas is consequently why so many businesses overpay on import duty and unnecessarily forfeit valuable margin gains.
Signs this will benefit your business:
How could this service benefit my business?
What is the scope of this service?
A self-conducted technical and compliance audit allows an independent third-party to replicate the same assessment in which a business would be subject to if selected for audit by HMRC. As a result, corrective actions can be implemented without penalisation and can be used favorably to evidence continuous self-improvement.
Signs this will benefit your business:
We provide a full suite of customs advisory, technical expertise and resource services. From customs classifcation, to AEO and procedure applications, we have it covered. For more information on our services, please visit our What We Do page.
"We are thrilled with the progress BKR has helped us make and already have plans to keep the momentum going and capitalise on some of the recommendations that have been made."
Chief Financial Officer
The Fold London Ltd
Empowering our clients to focus on what makes them succesful.
BKR Consultants Ltd provides professional and practical guidance on all matters associated with customs clearance, customs compliance and supply chain efficiency.
Our primary goal is to work with our clients to achieve an optimal budget for import duty, all the while mitigating compliance risks for the business.
We achieve this by delivering strategic customs guidance and leveraging expert customs resources, to fulfill a capability many businesses find challenging to develop internally.
Our team possesses expertise across diverse areas, including health and regulatory affairs from APHA, extensive experience in large business unit management within HMRC, customs brokerage, and leadership roles within large multinational businesses and member associations.
Let us know a little bit about how we can help and one of our customs experts will be in touch to arrange a consultation at the next mutually convenient date.
Contact us using the details below, or simply fill out the contact form:
Visit our media page to keep up to date with significant industry news, pick up useful tips on how to promote efficiency within your business or to find a quick link to our Linkedin page.
LEARN MOREThe UK’s best luxury and high-street fashion companies are also some of the UK’s leading importers and exporters. As an independent advisor, we are lucky to have worked with and been behind the scenes at some of the UK’s most reputable high-street and luxury fashion brands. Whilst some...
READ MOREFew would dispute the fact that working in supply chain is extremely demanding and stressful. This is especially true for professionals working in the food and drink industry, which relies heavily on supply chains that carry goods safely, smoothly and quickly from where they are produced to where they are...
READ MORE2022 is already the third year since the UK officially left the Customs Union with the EU in 2019. It is also the third year since covid emerged and changed every aspect of our lives. Both Brexit and covid have disrupted trade in unprecedented ways and continue to do so. Just as people are learning to live with...
READ MOREIf you're not ready to reach out, but want to keep in touch, why not join our Mailing List?
There is no cost and we only send updates when it matters, so you don't have to worry about excessive email traffic.
