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Gloucestershire Business News

Supply chain issues hit IKEA

IKEA - with major stores in Bristol and Cardiff - is the latest retailer to be hit by severe supply chain issues and a shortage of staff.

A spokesperson said: "Like many retailers, we are experiencing ongoing challenges with our supply chains due to COVID-19 and labour shortages, with transport, raw materials and sourcing all impacted.

"In addition, we are seeing higher customer demand as more people are spending more time at home.

"As a result, we are experiencing low availability in some of our ranges with approximately 10% unavailable."

Meanwhile, Jewsons, one of the UK's biggest builders' merchants has warned it is facing the worst supply chain crisis in decades.

Products ranging from timber and cement, to insulation and wheelbarrows are likely to rise in price as a result.

The Federation of Master Builders (FMB) said recovery in the construction industry is being held back by the crisis in pricing and the availability of vital building materials.

Brian Berry, Chief Executive of the Federation of Master Builders, said: "Builders throughout the UK, particularly smaller firms, are struggling to recover from the pandemic as a result of the continued materials crisis.

"For some time now, demand for building materials has been outstripping supply."

The FMB's latest membership survey revealed that 98% of builders were experiencing price increases for materials.

Meanwhile, there's a warning that the microchip shortage that is disrupting worldwide car production could last until 2023.

Speaking to the BBC, Daimler chairman Ola Källenius said the shortages had caused shutdowns in Malaysia and would "significantly impact production and sales in the third quarter".

He added that these shortages could last into 2023, but "hopefully not at the level of severity that we have experienced here in the last couple of months".

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