According to the boss of the industry trade body, the majority of retailers plan to raise prices by the end of the year, and one in 10 has already done so.
Head of Helen Dickinson. British Retail Consortium. (BRC), which represents the sector, said a recent survey of chief executives found that the cost of three out of five projects was due to rising supply chain costs later this year. Grows.
His comments came as the owner of Poundland told the PA News Agency that he had seen a tenfold increase in shipping costs as a result of growing global demand.
And Gary Grant, founder of the toy store China The Entertainer, said delays were affecting several UK ports beyond Felix Stowe.
The details come despite the Chancellor. رشی سنک۔ Addressing concerns, he said that despite supply chain problems, “a good amount of Christmas presents will be available” this year.
But Ms Dickinson told the PA News Agency: “Supply chain issues are a priority for all businesses right now.
“It’s complicated because it looks a little different to everyone, but they all look immediate to the problem.
“They are thinking about Christmas. This is the most important time of the year for a retailer – non-food retailer revenue in December is on average 70% higher than other months.
“They are doing everything possible at the moment to make sure it is as smooth as possible.”
He added that it was proving costly: “We are already seeing inflation start.
“We surveyed CEOs and three-fifths said they would have to raise prices by the end of the year. Ten percent said they already have.
“It’s a sad fact when businesses are looking at every price, energy, wage, other things, all growing at the same time.”
Ms. Dickinson said that even large retailers are struggling with high costs, despite the fact that they can negotiate the best deals with shipping firms.
In Poundland, the owner of the discount, Pepco, told PA that he had seen a tenfold increase in shipping costs and that supply chain problems were expected to continue for 12 months.
Andy Bond, former chief executive. اسدا۔ He said: “You get seasonal peaks at Christmas which adds to the cost problem because you are usually buying extra utensils there.
“Sometimes there are times where we have to pay 10 times our normal rate. That’s not to say every day, but it has had an effect.
He added: “I think we see the next 12 months as challenging but we think we are ready for another good year.”
I would say don’t panic. You won’t see empty toy shelves. But if you as a parent know that your child wants something special, I would suggest that you buy it soon. There will be no shortage of toys for Christmas, maybe not the special thing you want.
In The Entertainer, Mr Grant said the ports outside Felix Stowe were feeling tense.
Because of the cargo construction, the shipping company Maersk chose to remove the ships from the ships. Suffolk Ports, while similar lodges have been seen elsewhere in the world, including the United States.
on Thursday Government Announcing a consultation on a plan to temporarily change “cabotage” rules to increase shipments to the UK, which could allow foreign transport firms to make trips to another country.
Currently freighters from the EU can pick up and drop off goods in the UK only twice in a seven-day period, but the proposals will allow them to ship an unlimited number in two weeks.
If approved, the plans will be implemented before the end of the year and will continue for six months.
The toy store owner said his 170 stores were “full of stock” as a result of most supplies over the past six weeks.
But he warned that 50 per cent of China’s stock was sold between October and December, and that “even with fully stocked stores at the moment, our concern is that Christmas may make a difference.”
Among the current problems was power shortages. China“Some factories can only work two days a week,” he said.
Asked what he would say to customers planning Christmas, Mr Grant said: “I would say don’t panic. You won’t see empty toy shelves.
“But if you as a parent know that your child wants something special, I would suggest that you buy it soon.
“There will be no shortage of toys for Christmas, maybe not the special thing you want.”
Meanwhile, I Washington DCThe chancellor said the government was doing everything possible to help.
Talking after meeting the finance ministers of the G7 group of leading global economies to discuss the issue, he said that politicians have agreed to work more closely to resolve the global crisis.
Addressing BBC“We are doing everything we can to address some of these challenges,” said Mr Sink.
“They are global in nature so we can’t solve every problem but I’m sure there will be a good supply of goods for everyone.
“I’m sure there will be Christmas presents for everyone.”
The Treasury said Mr Sink “emphasized the importance of global co-operation in ensuring that the supply chain is more stable as the world emerges from an epidemic.”
Speaking after the meeting, Mr Sink said: “Supply chain issues are being felt globally – and finance leaders around the world must work together to address our common challenges.
“Today we collectively agree to work closely together in the coming months – and together we will build a strong and resilient recovery.”