14-12-2022, 02:13 PM
UPDATED DEC 13, 2022, 6:54 PM SGT
LONDON – British manufacturers are sitting on almost £24 billion (S$40 billion) worth of unfinished goods that cannot be sold because of persistent supply shortages, a survey from Barclays showed.
The poll showed 72 per cent of the 631 companies in Britain are facing the inventory logjam tied to a lack of components, materials or ingredients.
......
Given the backlog at factories, British households already suffering under crushing inflation may face even more cost-of-living pressures.
https://www.straitstimes.com/business/uk...shed-goods
LONDON – British manufacturers are sitting on almost £24 billion (S$40 billion) worth of unfinished goods that cannot be sold because of persistent supply shortages, a survey from Barclays showed.
The poll showed 72 per cent of the 631 companies in Britain are facing the inventory logjam tied to a lack of components, materials or ingredients.
......
Given the backlog at factories, British households already suffering under crushing inflation may face even more cost-of-living pressures.
https://www.straitstimes.com/business/uk...shed-goods