Retail and construction insolvencies soar against backdrop of supply chain pressures and war in Ukraine Supply chain crisis 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 AMAZON 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 River Thames 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.
UK rakes in largest-ever Black Friday sales day yet November 27, 2021 Shoppers in the UK spent heavily on Black Friday this year, as data from banks and card operators showed it was Brits’ biggest-ever sales day, placing the nation on track to spend almost £9.2bn by the end of this weekend. Spending during Black Friday in the UK reached record highs by close of business on [...]
AO World shares dive 24 per cent amid driver shortage and supply chain problems November 23, 2021 Shares in AO World plunged this morning after the company swung to a loss of £11m, as a shortage of drivers and global supply chain issues stalled growth in the UK.
Brits have worst delivery experience, research says November 18, 2021 British consumers have a worse delivery experience compared with their counterparts in the US and Europe, even though the supply chain crisis is affecting the whole world. Research from operations experience platform Parcellab has revealed that 39 per cent of UK consumers claim to have placed an order that never arrived, compared with 18 per [...]