Labour shortages force firms to rethink cashflow
No milkshakes, chicken, confectionery, beer or petrol. Britain is counting the cost of chronic shortages of truck driving, shelf stacking and fruit picking staff. Accountants are warning it may get worse before it gets better
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No surprises here since Brexit! I'm sure the Leavers will argue this is all Covid and nothing to do with leaving the EU.
And I am sure that you would argue all problems are due to Brexit.
The train has moved on.
“Even if we were allowed to recruit drivers from the EU, there’s a shortage of drivers there as well,” said Rod McKenzie, head of policy at the Road Haulage Association. “The only place that doesn’t have a significant shortage of drivers is Africa.”
So it doesn't matter where the train is vis-a-vis the station ... as it doesn't have a driver!
Hi. Leaver here. Nothing to do with covid. If you speak to any hgv drivers you'll get a good understanding of the actual problem. A problem that has been slowly creeping and leading to this position for years. Guess what. It has nothing to do with brexit or covid.
Happy to explain why it's happening once the brexit train stops
Not aware of any shortages in France - might not be looking at the right news items to be fair but would have thought it would have been picked up if we had no chicken for our restaurants....
"One way of doing so (putting resilience at the centre of their financial strategy) is a reprisal of buffer reserves."
Is this a convoluted way of re-stating the Mr. Micawber principle on income & expenditure?
For 30 years I've lived by a simple principle - maintain cash reserves that cover at least 3 months' expenditure even if income stops entirely. The point is to give sufficient warning if a change in policies or even direction is needed - what used to be called 'worst case scenario planning'.
The fact that would be drivers have to go through hoops constantly. Red tape, get fined or penalised for the lorry they drive, the company the work for passing responsibility over to the driver, the long hours, etc etc, is the reason for all this. Not covid. Not brexit.
Lorry drivers
Yes
Wages have crumbled over the last five years. Endless comments on youtube as the retail giants just stopped paying at fair rates
As UK workers left the industry, East Europeans took up the slack
This issue is down to the Supermarkets devaluing the drivers profession not tax changes
"Large numbers of foreign workers have left British shores following Brexit, the haulage industry said,
while tax legislation changes have cut the income of agency staff."
Really?
No
Retail consortium people have cut wages, because foreign workers accepted low wages
Paying tax has cut the income of agency staff?
Seriously, Aweb should call out rubbish, not publish it
Is the claim that Agencies were dealing with tax in an inappropriate way?
Why is there a shortage of HGV drivers UK?
The logistics industry estimates around 100,000 more HGV drivers are needed to get goods and materials moving again. The shortfall has emerged, in part, because 14,000 EU drivers have left the country and only 600 have returned since Brexit. ... “All the headlines are blaming Brexit and Covid."
4 days ago
100,000 drivers short
But 14,000 EU drivers left
Why? Shoddy treatment by UK PLC
Plenty of potential staff but 18 months of furlough has not encouraged either resilience or a desire to work amongst many.
Expectations are also “ I want more pay for much less work’
Interested to see what happens when furlough finishes. Let’s hope the benefits system is not overloaded with applicants that can and should be in work.
So strongly disagree
Why did the Planned strike not happen?
Because drivers are responsible people that is why.
The leakage of trained drivers has been going on for years due to poor treatment and outsourcing by the Supermarkets.
Lorry drivers were in scarce supply before Covid and Brexit
The other issue is of course increased stockholding and space to store this, when industries for years operate JIT when that gets disrupted they cannot just procure more warehousing, there is just not enough of it, and of course shortages of workers in construction mean additional storage takes longer to be built.
One just needs to have invested in Warehouse REIT (WHR), 96.91p in April 20, 162.20 now), Urban Logistics (SHED) 123.47 May 20, 177.50 now and Aberdeen Standard European Logistics (ASLI) 84.14 May 20, 123 .00 now to see how logistics warehouses etc have boomed as more and more companies have moved online and needed stock storage and distribution space.
(Not that I am complaining as I dumped my traditional property REITS last year as Covid bit and before Brexit transition ended and shifted the property part of my equity investments into these)