Nearly half of German firms unready for Brexit: Survey

A survey by Dutch consultancy firm KPMG International and the British Chamber of Commerce found that 47% of German companies have not conducted a Brexit risk assessment nor made any preparations as of the start of this year, Yahoo News reported. The companies said that Brexit-related uncertainty is hampering their efforts to prepare. Businesses are likely to face administrative burdens, low sales, and services volumes, supply-chain disruptions and higher customs and trade costs due to Brexit.

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