Tag: supply
Fears grow as UK factories hit by worst supply chain shortages since mid-70s
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Britain’s manufacturers are struggling with their worst supply shortages since the mid-1970s, as fears grow in the sector over the economic fallout from rising costs and a lack of key materials. Almost two-thirds of t...
Industry supply chain fears deepen; UK borrowing undershoots forecasts – business live
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Rolling coverage of the latest economic and financial news
Tesla reports record quarterly earnings despite global supply chain meltdown
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Tesla saw its biggest quarterly net earnings in history, the company said on Wednesday, propelled by record electric vehicle sales last summer, amid a shortage of computer chips and other materials. The company made $...
Britain’s energy supply is in crisis, and I can tell you why
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I take no pleasure in saying to Ofgem, “I told you so.” Thanks to a perfect storm in the energy sector, many suppliers have been failing. But with all storms, you can see the clouds building first. Utility Point, the ...
Supply chain crisis: retail, food and defence firms predict further damage
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Companies in retail, food and defence have warned of further damage from supply chain problems that have dogged industry during disruption from the coronavirus pandemic and Brexit. Months of shipping delays have cause...
Sunak: ‘good amount’ of Christmas gifts available despite supply chain crisis
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There will be a “good amount of Christmas presents available” this year despite supply chain problems, the UK chancellor has said. Rishi Sunak was speaking after a meeting with finance ministers from the G7 group of l...
Biden orders companies to ease supply chain bottlenecks or he’ll ‘call them out’
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Joe Biden has warned companies that he will “call them out” if they fail to “step up” to ease supply chain bottlenecks ahead of the holiday season. The US president, facing grim opinion polls and a stalling legislativ...
Don’t drink from tap, Canadian city says, as gasoline suspected in water supply
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Officials in Canada’s northernmost capital have declared a local state of emergency after finding possible evidence of gasoline in the city’s tap water. Residents of Iqaluit, the capital of the Arctic territory of Nun...
UK’s supply chain crisis hits business growth and consumer confidence – business live
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Rolling coverage of the latest economic and financial news
Why it’s high time to move on from ‘just-in-time’ supply chains
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A price shock on the global natural gas markets brings down several small energy providers, leaving customers without heating and facing rising fuel prices. A fire knocks out the huge cable sending electricity from Fr...
From Britain’s farmyards to its shop shelves, confidence is in short supply
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Norfolk is the heart of pig country. “Every other farm round here has pigs,” says Tom Wright, looking at his empty sheds. Next week 2,000 piglets will arrive, weighing 8kg each. In five months, they’ll be 110kg and re...
Supply chain crisis: PM brings in ex-Tesco boss to ease shortages
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Sir David Lewis, the former chief executive of Tesco, will advise the UK government on supply chains as it seeks to get a grip on shortages threatening everything from petrol to Christmas. Downing Street said Lewis wo...
To truly reach net zero emissions, we need to transform the business supply chain
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The global fight against the impacts of climate change is a generational challenge like no other. This is a shared mission, but it is increasingly clear that levels of distrust and scepticism are running high. The str...
Tory conference live: Rishi Sunak says Brexit will be worth it in the long term amid supply chain crisis
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Latest updates: chancellor says, despite the challenges, he believes Brexit will be positive
Monday briefing: Supply chain crisis squeezes food banks
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Hello, Warren Murray reporting for duty again this Monday morning – welcome to the Briefing. Food banks have said they will have to shrink the size of their parcels amid declining stock levels caused by the HGV crisi...
How the supply chain crisis is affecting six big economies
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As the Covid-19 pandemic eases and national economies emerge from suspended animation, demand for energy, labour and transport has surged. That sudden acceleration is putting a huge strain on the just-in-time, cross-b...