Half of UK logistics firms to make acquisitions despite volatile market M&A Almost half of UK logistics firms is set to make an acquisition in the next year despite challenging market conditions. Data published today by Barclays Corporate Banking reported that 45 per cent of UK businesses were considering the move as a way to achieve economies of scale and expand services. This is the highest figure [...]
Fresnillo reports lower revenues as gold volumes fall and Covid’s impact lingers Fresnillo performance 2022 Fresnillo reported lower revenues for the first half of 2022 due to the drop in gold volumes and silver prices, with Covid’s impacts still a concern. The Mexican metals mining company reported adjusted revenues of $1.35bn, a drop of 12.6 per cent as volumes and prices of precious metals that the company mines declined. The [...]
Companies may need to fire problematic suppliers or risk losing customers, researchers say Supply chain issues Companies may have to take action against suppliers causing issues to prevent a supply chain scandal otherwise customers will leave, research from the University of Surrey said. Businesses will benefit from firing problematic suppliers, as customers could depart in case of a scandal. Customers expect companies to effectively handle issues and to take action. “Our [...]
Retail and construction insolvencies soar against backdrop of supply chain pressures and war in Ukraine March 15, 2022 Soaring material costs have led to a steep rise in insolvencies in the retail and construction industries of almost 50 per cent. The war in Ukraine and its impact on rising fuel prices, brought concerns over supply chains pressures into sharp focus this week, new research from tax and audit specialists Mazars has shown. During [...]
Amazon accused of using suppliers tied to Chinese forced labour camps March 8, 2022 Amazon is under fire for its supply chain after a new report revealed that the e-commerce giant continues to use suppliers that are tied to forced labour camps in China's Xinjiang region.
Light freight handling could reach 20m parcels if Thames’ potential unlocked February 9, 2022 When it comes to light freight handling, the River Thames has a lot of untapped potential which needs only to be unlocked, said a new research. Commissioned by the Thames Estuary Growth Board and the Port of London Authority, the ‘Light Freight on the River Thames’ report highlighted that using the river to handle 20 [...]
Get used to queueing at Dover, says Road Haulage Association February 8, 2022 HGV drivers better get comfortable as they need to prepare for four-hour long queues at ports, according to the Road Haulage Association. Post-Brexit, checks at Dover and across the Channel have become the new normal, causing mile-long bottlenecks and forcing authorities to implement traffic access protocols such as Dover TAP to avoid extreme congestion in [...]
UK Government funds HGV skills bootcamps to tackle shortages January 10, 2022 The UK Government has invested £34.5m in ‘skills bootcamps’ to tackle the ongoing shortage of HGV drivers. The highest in the last eight years combined, the funding will help companies train around 11,000 new drivers, as the cost amounts to around £4,000 for each, the Financial Times reported. “This money is incredibly welcome,” Sally Gilson, [...]
Goodwin travels upwards despite price pressure and supply chain issues December 15, 2021 Mechanical manufacturing company Goodwin has had positive financial results despite being affected by prices pressure and supply chain issues. The company’s shares registered today a 9.25 per cent dive, going down to 3,140p. In its half year results to 31 October, the group’s profits, before and after tax, have gone up to £7.7m and £6m [...]
Long term shipping costs up 465 per cent amid supply chain crisis December 1, 2021 Industry experts have warned politicians that supply chain disruption is having a big impact on the costs of shipping contracts.