Award-winning Wales importer Daniel Lambert of Daniel Lambert Wines spent over five months navigating the new alphabet-soup of Brexit regulations prior to Britain’s split from the UK on 1 January 2021. Lambert even stockpiled enough inventory to weather a possible “rocky” January.
He wasn’t alone. “Liv-ex prepared as best as it could by making the most of existing techno-logy,” says Ashley Hopkins, director of operations and technology for Liv-ex (London Inter-national Vintners Exchange). “However, because the Brexit deal was not finalised until Christmas Eve, it meant that a significant number of late nights were required to finalise everything in time for 1 January.”
Unfortunately, no amount of hopeful preparation prevented the brutal blow of Brexit.