![]() Inflation has not only been a problem for food prices, but also energy costs. In fact, labour shortages have spread to other sectors that support supply chains, including ports and warehouses.Ĭoupled with increased e-commerce demand since the start of the pandemic, operations are becoming increasingly strained for many businesses. In addition, truck driver shortages seen in 2021 have continued this year. Some UK unions have floated the idea of coordinated strike action in coming months, which could cause further disruption to supply chains. Striking truckers in South Korea have already disrupted computer supply chains this summer, while UK railway strikes have affected deliveries of construction materials.ĭock workers have been on strike in Germany and the UK, while freight hubs in Ireland are expected to clog up due to strikes at the Port of Liverpool across the Irish Sea. Industrial action ups the pressure on supply chains. The rise in the cost of living has also seen workers demand wage increases to counteract the impact of inflation on their pay packets. This could lead to disappointment this Christmas if certain products are difficult to find or more expensive to buy as tighter supply pushes up prices. Stock for the Christmas shopping period is made and shipped months in advance so current uncertainty is likely to feed into incorrect forecasts. The pandemic has already changed this picture considerably, but predicting demand has become even more difficult in 2022. This makes it difficult for supply chain planners to accurately estimate in advance the amounts and types of goods likely to be needed by consumers. Expectations that consumers will have to severely cut back on expenditure this winter has plunged demand for goods and services into uncertainty. Skyrocketing inflation has seen households hit hard by rising food costs. ![]()
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