The UK's decision to leave the EU has surprised many and the full implications of this decision are not yet known. Article 50 sets out a process for a country to leave the EU and negotiate the terms of separation, but the deadline can be extended. Alternative routes, such as unilateral changes to UK legislation, are likely to antagonize the rest of Europe. The UK government has not defined an official approach for Brexit, and a change at the top of government needs to be settled before concrete progress can be made. Businesses will face several years of uncertainty, but GEP can help CPOs and procurement leaders prepare appropriate strategies for their procurement organizations.
