Warehouses in Britain are having to pay up to 30% more to recruit staff after a chronic shortage of workers exacerbated pressure on already buckling supply chains and threatened to derail the run-up to Black Friday and Christmas.
Read the full article on the Reuters website
NAM Implications:
- Amidst the uncertainties we need to prepare for the following:
- Increased shortages, especially in times of high demand (Black Friday, Christmas)
- A reduction in consumer centricity (less next day delivery, reduction in low value online items)
- Exception will be Amazon. They will recruit and pay more to optimise all new traffic of disappointed consumers
- A bidding war for temporary foreign staff
- A hike in inflation to fit
