Hoarding for Brexit sparks race for warehouse space in Britain

asked 2018-12-06 05:01:29 -0600

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In a vast warehouse complex 60km north of London, staff are wrestling with ways to cram in more goods after a surge in demand from companies building stockpiles ahead of Brexit. 카지노사이트

Efforts at Miniclipper Logistics to add new racks by narrowing the aisles are being duplicated across Britain as Brexit contingency plans spark a race for storage space. The company, which after adding a mezzanine floor and a temporary warehouse has 27,870 square metres of capacity, has already had to turn new business away.

"Almost every day we receive another inquiry regarding Brexit," sales director Jayne Masters told Reuters. "We have customers queuing up to move goods in."

The world's fifth-largest economy risks stumbling into a disorderly exit from its biggest trading partner, the European Union, if Parliament votes down Prime Minister Theresa May's withdrawal agreement on Dec 11. 온라인카지노

Business leaders fear that would lead to border checks, blocked ports and major tailbacks on the roads, threatening the US$540 billion (S$738 billion) worth of goods that move back and forth between the two and damaging major companies such as GSK and Unilever.

As a result, companies from Rolls-Royce and Airbus to retailers, manufacturers and food and drink groups have all said they are building up stock ahead of Brexit on March 29. A closely watched industry survey showed stockpiling was one factor driving output in November.

But in an economy built on production cycles that run to the minute, and where storing stock wastes time and money, warehousing is in short supply and prices are rising. 온라인바카라

Owners of frozen and chilled storage space say they are fully booked until the middle of next year. And the government has had to request more secure storage for medication be built after it discovered that an order for all drugmakers to hold six weeks of supply could not be met.

"This is introducing extreme stress into the system," Mr Mike Thompson, head of the Association of the British Pharmaceutical Industry (ABPI), told Reuters.

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