Business

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Danny Hudson, director for UK & Europe of logistics & supply chain excellence firm FarEye: “A promise of some relief for business is better than no relief, nevertheless, there is a disappointing lack of any detail in Liz Truss’ announcement today. “A business energy price guarantee on its own won’t be enough to save the UK’s retail sector and its supply and logistics network in the run-up to peak season. Businesses need more support, faster, to avoid catastrophic consequences this winter. “An energy relief package may help with the cost of running electric delivery fleets and keeping the lights on, but it will not help with vehicle fuel costs, wage inflation, and the national shortage of labour in UK retail and supply chains as a result of Brexit and Covid. Retail businesses are being squeezed from every possible side. “Without a wider government support package, balancing the books in a sector driven by cost and service is an impossible task. Poor customer choice and service will erode hard-earned loyalties. Brands can only absorb so much before costs to consumers go up, staff are laid off, and ultimately doors close. Businesses need fuel duty tax breaks and help to get young people into work across the country. How else will businesses cope with peak season? “Now is the time to get the business supply and logistics chain the fittest it’s ever been. To ensure competitive advantage, UK businesses need to scrutinize where every penny is spent so they can quickly identify cost efficiencies. “Yes, there are hard decisions to be made, but those brands that get it right will weather the storm.”

Rugged Hank September 11, 2022

Danny Hudson, director for UK & Europe of logistics & supply chain excellence firm FarEye: “A promise of some relief...

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