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WSTA and LWF reveal results of UK importers Brexit survey

Key findings at the event, which took place earlier this week and involved key importers to the UK wine trade, included more than half (59%) leaning towards no confidence in the government getting a deal in place by 29 March, with 54% showing limited confidence in their own contingency planning for a no deal Brexit.

In the absence of any certainty from government and in a bid to try and keep shelves stocked and wine prices down, it’s been widely reported how wine importers across the country are stockpiling wine.

Direct Wines are bringing in an additional 2 million bottles, about a 40% increase, on its usual stock, with Bibendum PLB having developed a “robust Brexit plan” that will see it ordering “significant” extra wine, while Majestic has said it will hold an additional 1.5 million bottles of European wine as part of emergency planning.

However, less than 1% of the participants in the WSTA survey said they have increased their stock levels by greater than 70% as a contingency.

See below for the full results of the WSTA survey.

On a scale of 1 or 10:

!) How big of a disruption do you think a no-deal Brexit will impact your company

1         2        3        4        5       6       7       8       9      10

                             11%            21%   16%  16%  21%  16%

No disruption                                                Major disruption

2. How confident are you in your contingency planning for a no deal Brexit

1         2        3        4        5       6       7       8       9      10

                    11%   11%  32%   16%   16%  11%  16%

No Confidence                                              Complete confidence

3. How confident are you that the government will get a deal in place by 29 March?

1         2        3        4        5       6       7       8       9      10

7%     21%   21%    5%    5%   5%   5%

No Confidence                                              Complete confidence

4. If you have increased your stock levels as a contingency, by what percentage do you think you have stockpiled by?

>10%   >20%   >30%  >40%  >50%  >60%.  >70%   >80%.  >90%.  >100%

31%       31%      19%    6%     6%    6%

5. Have you been able to protect against any possible Sterling depreciation?

Yes = 44%      No = 66%

6. Have you written to your MP about the issues facing our industry if a no-deal Brexit happens?

Yes = 21%      No = 79%

• wine
• UK
• Brexit
• WSTA
• LWF
• Wine Importers