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| Version 0 | Version 1 |
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| Cadbury stockpiles ingredients in case of hard Brexit | Cadbury stockpiles ingredients in case of hard Brexit |
| (17 days later) | |
| Cadbury’s owner, Mondelēz International, has said it is stockpiling ingredients, chocolates and biscuits in case of a no-deal Brexit. | Cadbury’s owner, Mondelēz International, has said it is stockpiling ingredients, chocolates and biscuits in case of a no-deal Brexit. |
| Hubert Weber, the president of Mondelēz Europe, said the UK was “not self-sufficient in terms of food ingredients” and confirmed the measure as part of contingency plans for a hard Brexit, according to the Times. | Hubert Weber, the president of Mondelēz Europe, said the UK was “not self-sufficient in terms of food ingredients” and confirmed the measure as part of contingency plans for a hard Brexit, according to the Times. |
| It is the latest example of stockpiling before Britain leaves the EU, as concerns grow that the UK may fail to agree withdrawal terms by the Brexit deadline of 29 March. | It is the latest example of stockpiling before Britain leaves the EU, as concerns grow that the UK may fail to agree withdrawal terms by the Brexit deadline of 29 March. |
| Weber said: “Like the whole of the food and drink industry in the UK, we would prefer a good deal that allows the free flow of products, as that would have less of an impact to the UK consumer. | Weber said: “Like the whole of the food and drink industry in the UK, we would prefer a good deal that allows the free flow of products, as that would have less of an impact to the UK consumer. |
| “However, we are also preparing for a hard Brexit and, from a buffering perspective for Mondelēz, we are stocking higher levels of ingredients and finished products, although you can only do so much because of the shelf life of our products. | “However, we are also preparing for a hard Brexit and, from a buffering perspective for Mondelēz, we are stocking higher levels of ingredients and finished products, although you can only do so much because of the shelf life of our products. |
| “We have a contingency plan in place to manage [a hard Brexit], as the UK is not self-sufficient in terms of food ingredients, so that could be a challenge.” | “We have a contingency plan in place to manage [a hard Brexit], as the UK is not self-sufficient in terms of food ingredients, so that could be a challenge.” |
| He said shoppers may face higher prices and less choice if a deal were not agreed and added that he wished Britain was “at a different stage [in negotiations with the EU] at this stage”. | He said shoppers may face higher prices and less choice if a deal were not agreed and added that he wished Britain was “at a different stage [in negotiations with the EU] at this stage”. |
| Europe is Mondelēz’s biggest global division, accounting for 40% of revenue last year. Businesses across the industry are said to be stockpiling and making no-deal plans. | Europe is Mondelēz’s biggest global division, accounting for 40% of revenue last year. Businesses across the industry are said to be stockpiling and making no-deal plans. |
| Matt Hancock, the health and social care secretary, said in July that officials were considering working with industry to stockpile drugs, medical devices and supplies in the event of a no-deal scenario. | Matt Hancock, the health and social care secretary, said in July that officials were considering working with industry to stockpile drugs, medical devices and supplies in the event of a no-deal scenario. |
| Last month, AstraZeneca said patients in the EU may not be able to receive medicines from the UK after Brexit if the country does not “prepare well”. | Last month, AstraZeneca said patients in the EU may not be able to receive medicines from the UK after Brexit if the country does not “prepare well”. |
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