Europa Flow sees increased trading volumes despite negative impact of Brexit
In the wake of Parliament’s spending watchdog reporting that Brexit has negatively impacted on UK trading levels, the latest statistics from Europa Worldwide Group shows its ‘frictionless customs product’ is enabling its customers to buck that downward trend.
Since it was launched at the start of 2021 in response to the UK’s departure from the European Union (EU), Europa Flow has seen a 101% increase in the number of jobs going through the books.
Over the course of past year, more and more customers engaged with this specialist delivery duty paid (DDP) service.
In January 2021, Europa Flow transactions were averaging around 4,000 per month. From that point onwards, as customer confidence grew, the volumes have increased rapidly over the ensuing months.
One year on, by the end of January 2022, the average monthly transactions had more than doubled, meaning that by the end of the first 12 months, Europa Flow had dispatched over 100,000 consignments; a significant milestone and one the firm is immensely proud of.
As well as seeing exponential growth in the number of transactions, over this same twelve-month timeframe, Europa Flow has also delivered across 24 EU countries and exported goods worth a total value of £1bn.
Each month, Flow has also generated a total value of £1.8m duty deferred and created an estimated £14.28m in VAT zero-rated processes for its customers.
Europa Flow offers anticipated goods declarations, meaning consignments can be collected and exported on the same day. This appeals to customers of UK exporters because it means the whole process of appointing a customs broker, completing import declarations, and paying import duties is already taken care of.
Trunki – the original ride-on suitcase for kids – was one such brand which experienced these frustrations. In the first half of 2021, the global business was using other carriers to move goods to Europe, but these continued to get stuck at ports because transporters lacked understanding of the new Brexit regulations and border requirements.
Philip Prophett, Warehouse Manager at Magma Moulding which manufacture the ride-on suitcase Trunki, explained: “These transit delays were immensely challenging, so we began to explore alternative solutions. These included using European storage facilities and creating a European division of the company, both of which had huge cost implications, making them unviable.
“We had worked with Europa in the past, and received a call last summer from the firm, informing us about Europa Flow. It could not have been timelier, because we had really been struggling to find the right solution to meet our export needs.
“From that point on, the situation improved dramatically; we were able to increase our volumes and get our European growth projections back on track. Europa Flow gave us the confidence to expand our customer base on the continent once again, because we knew we could get our products there without any glitches.”
Sales and Branch Network Director at Europa, Adrian Redmile, commented: “As a business, we have never shied away from the challenge of Brexit. Europa Flow has been about staying one step ahead of the game, future-proofing our own business as well as those of our customers.
“The product has been instrumental in enabling our clients to remain operational and resilient in the face of economic shocks. We are very proud of what Europa Flow has already achieved and how it is leading the logistics industry by example as we enter a new era of supply chain interactions.”
Europa Worldwide Group has five divisions – Europa Road, Europa Air & Sea, Europa Warehouse, Europa Contact Centre, and Continental Cargo Carriers and has featured in The Sunday Times Top Track 250 for the last three years.