The United Kingdom is due to leave the European Union on March
29, but there is no full exit deal and Britain's ruling party is
split over Prime Minister Theresa May's "Chequers" plan to
largely accept a "common rulebook" over goods.
"Like all businesses we're monitoring the political
decision-making process and preparing for a number of potential
outcomes," a Mondelez spokeswoman told Reuters in an emailed
Mondelez would prefer a good Brexit deal that would allow free
flow of products, the Times quoted Hugh Weber, the president of
Mondelez Europe, as saying.
"However, we are also preparing for a hard Brexit and ... we are
stocking higher levels of ingredients and finished products,"
Weber said, according to the report.
The company has a contingency plan in place as UK is not
self-sufficient in terms of food ingredients, the paper
"We stand by Hurbert Weber's comments and have nothing further
to add at this time," the spokeswoman said.
(Reporting by Shubham Kalia and Mekhla Raina in Bengaluru and
Martinne Geller in London; Editing by Gopakumar Warrier)
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