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Supply chain problems cost UK businesses over $15 billion per year

Posted On: Apr. 21, 2023 10:16 AM CST

supply chain

Australia-based consultancy TMX Global said that supply chain problems caused by the Ukraine war, COVID-19-led lockdowns, te worldwide energy crisis and the chaotic conclusion of Brexit are costing U.K. businesses more than £12.2 billion ($15.17 billion) in lost sales a year, reported. Gerry Power, U.K. head of country at TMX Global, said that while supply chain bottlenecks worldwide are easing slightly, challenges such as capacity constraints, delays, elevated prices and congestion persist.