From ports clogged with containers and raw materials running low, to factories shutting down and truck drivers being in short supply, retailers have faced a steady stream of devastating supply chain issues over the last year. The worst part is that industry experts and economists now believe the problems could continue into 2023 and beyond, with geopolitical tensions and ever-increasing costs adding to the disruption caused by the pandemic and a boom in consumer demand.
As Ian Wright, chair of the Food and Drink Federation, told the House of Commons business, energy and industrial strategy committee: “Six months ago our businesses all thought this was transitory, now every business I know expects this to last in 2023 and 2024.”
