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Supply-Chain Org Chiefs Warn Commons Committee Of Inflation, Shortages

UK

Speaking to the House of Commons Business, Energy and Industrial Strategy select committee, heads of a number of supply-chain organisations warn of significant issues facing the UK economy over the coming months. Tweets below from Adam Payne at Politics Home:

  • "Duncan Buchanan of the Road Haulage Association tells @CommonsBEIS he expects supply chain disruption resulting from labour shortages to last another 12 months"
  • "The [Food and Drink Federation's] Ian Wright: supply chain issues are "long-term" and will continue to result in "very odd shortages." [...] Wright adds inflation is the biggest thread to Boris Johnson's levelling-up agenda. It's between 14% and 18% in hospitality at the moment and "that's terrifying," he tells @CommonsBEIS"
  • "Will government's visa scheme make a difference to supply chain disruption? asks Tory MP Alex Stafford. "No," says Duncan Buchanan. Why? It's too short and should be 12 months, says Buchanan. "If you were designing a visa system to fail, you'd design it something like this"
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Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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