Business & Investment

Snacks tell shoppers “don’t panic about gifts”

Rishi Sunak said he would be able to buy gifts for Christmas despite the supply chain crisis, but seems to have ruled out helping businesses with rising fuel costs.

The prime minister blamed the delay in global factors and said it was “not the job of the government” to intervene by controlling the prices of individual products. He said he was confident that the shelves would be stocked during the festival.

After the G7 meeting in Washington, where the finance ministers agreed to work together to resolve the crisis, Mr Snack said the government was doing everything possible to reduce delays. Asked if he would accept a company going out of business, Snack believed in a market economy and admitted that the government “couldn’t solve all the problems.”

His comment came after Felixstowe, Britain’s largest commercial port, said yesterday that a supply chain crisis caused serious congestion. A typical shipping container spends more than 9 days at Suffolk Port before it is collected, more than double the average “dwell time” of last year.

However, the world’s largest shipping companies have diverted some of their largest freighters from the UK and are afraid of running out of toys, clothing and electronics for Christmas.

Danish shipping giant Maersk has announced that larger vessels will be ordered to berth elsewhere in Europe to avoid congestion at Felixstowe, partly due to a shortage of truck drivers.

Supermarkets and retailers across the country are expected to move Christmas sales forward by a month to avoid shortages and last-minute panic buying.

Following talks with the government, the retail boss said the promotion would start early in order to rush to preempt. The toy boss warned that the shortage of popular Christmas gifts would continue for months and advised parents to buy early.

Gary Grant, founder of Entertainer, a national chain of 170 toy stores, said the shortage of truck drivers and log jams in shipping containers at the port was behind the shortage. Barbie dolls and PAW Patrol toys are one of his favorites that he expects to disappear soon.

Grant told the BBC that the store seemed “currently very full,” but demand “exceeds inventory.” “There is no toy store without toys. There are toy stores without all the toys you would normally expect due to a shortage, but that is mainly due to shipping and warehousing issues.”

The PlayStation 5, which is already in short supply due to a global shortage of computer chips, is sold out and is out of stock at Argos, Amazon, AO.com, or games. Used by independent sellers, one charges £ 1,249 on the Amazon Marketplace and the other charges £ 714 on OnBuy.com. The suggested retail price is £ 449.

Today, there are reports that one million elves are waiting to be shipped from China.

The prime minister rejected the accusations by the head of British steel that the government created a “hostile environment” for industry. He said the minister would continue to work constructively with businesses on the issue, but he admitted that it would take time to resolve.

“They are global in nature, so we can’t solve all the problems, but we feel that we’re getting the right products for everyone, and we’re looking for ways to get rid of obstacles as much as possible. “I will.”

In response to Boris Johnson, who blamed the issue of British companies “mainstreaming” migrant workers, Mr Snack refused to increase the number of migrants to address the labor shortage. Said.

“I think there is broader meaning to historical dependence on immigrants,” he said. We want to move to a higher wage, higher skill economy. “



Snacks tell shoppers “don’t panic about gifts”

https://bmmagazine.co.uk/news/sunak-tells-shoppers-dont-panic-about-presents/ Snacks tell shoppers “don’t panic about gifts”

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