FIRST AIRED: September 11, 2018

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Transcript

00:00:01
>> You might do this if you were preparing for the Apocalypse. You may not have thought to do the same for Brexit. According to reports, the owners of Cadbury's Mondelez are stockpiling chocolate, cookies and ingredients. It's in preparation for a no-deal Brexit in March which could cause chaos at the borders and a shortage of key goods.
00:00:23
It might not happen, but at the moment, there still isn't a deal, and the clock is ticking.>> Time is running out. We are working against the clock. We understand that.>> Mondelez wants a good deal, but is preparing for the worst. Peugeot and Airbus have already announced similar precautions, and Reuters Paul Sandle says, they're not alone.
00:00:43
>> The companies are taking part in the debate now because none of them want a hard Brexit. They don't want any trade barriers, they're used to having a free trade area in Europe. Their businesses have been built on that. And they really, really want to maintain all of that freedom of movement of their goods.
00:01:00
Generally, it's been capital goods manufacturers, people making autos, aircraft, products like that which have long lead in times, complex supply chains. The food companies work on much tighter time scales, the products cannot be stored for so long, so they have not been so vocal in the debate. But as we're getting nearer to the Brexit crunch time, then they started to make their voice heard.
00:01:23
>> In the case of a hard Brexit, the UK will go from seamless trade with the rest of Europe to customs arrangements set by the World Trade Organization with no preferential treatment. For Cadbury's, that could make moving finished products across the border tricky. Crunchy's, for example, are made in Poland while dairy milk is made in the UK.
00:01:45
Business leaders warn that adding even two minutes of procedure onto every truck at customs will create 14 miles of tailback on both sides of the English Channel in just one day.