Liam Halligan said the eurozone suffers just as much from supply chain problems and the current supply shortage is unrelated to Brexit. The current gap between factory output and orders has reached an astonishing 24-year high. Mr Halligan wrote: “The eurozone itself suffers just as much from supply chain problems, with the gap between the output of eurozone manufacturers and the orders they receive reaching a 24-year high in July.

“Manufacturers in the region, especially large automakers, have struggled to meet global demand due to input and labor bottlenecks, just like in the UK.

“This is one of the main reasons why euro zone inflation has just hit 3%, a 10-year high.”

Mr Halligan says in his opinion piece that the current supply chain dilemma is by no means unique to Britain.

He added in the Telegraph that “whatever diehard anti-Brexiteers tell you” all over the world, “companies are grappling with global shipping issues, tight supplies of steel, timber, semiconductors. and other vital inputs, as well as staff shortages linked to Covid ”

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“Taking into account the pandemic, and then the subsequent upturn in demand, our order book is four times higher than normal, the rebound has been very strong.”

The news comes as Ikea struggles to supply around 1,000 product lines to UK customers.

All 22 Ikea stores across the UK are experiencing supply chain issues.

This led to the stores running out of mattresses and other items altogether.

Supply chain shortages have also affected McDonald’s, Iceland, the cooperative and Greggs who are all struggling with inventory.

Although Mr Halligan suggested Brexit was not to blame for the current supply chain problems, an insider who works for Ikea spoke to The Independent and said: ‘What we are seeing is a storm perfect of problems.

“This includes the disruption of global trade flows and a shortage of drivers, which have been exacerbated by the pandemic and Brexit.”

A company spokesperson added: “Like many retailers, we face ongoing challenges with our supply chains due to Covid-19 and shortages of labor, transportation, raw materials and the supply being all affected.

“In addition, we are seeing increased customer demand as more and more people are spending more time at home.

“As a result, we are experiencing low availability in some of our ranges, including mattresses. “

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Source: feedproxy.google.com
This notice was published: 2021-09-05 14:41:53

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