Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

SMEs fear winter supply chain crunch could hit revenue in crucial Christmas trading period

by October 23, 2023
October 23, 2023
SMEs fear winter supply chain crunch could hit revenue in crucial Christmas trading period

Supply chain disruption is the top concern of medium-sized businesses ahead of winter, a survey has found, as rising costs put pressure on revenue targets.

The poll of business leaders by consultancy BDO showed nearly a quarter fear that supply chain issues, including suppliers folding and stock shortages, could endanger revenue targets this year.

More than half were concerned that rising costs might make materials or access to labour markets unaffordable in the UK or overseas, with a third worried about fulfilling contracts.

“These are significant challenges in the run-up to winter – traditionally the busiest period of the year and a “golden quarter” for some of the sectors at the heart of the UK economy,” said Richard Austin, a partner at BDO.

“As the engine of the UK economy, mid-sized businesses need the right tools to help them, not only weather the months ahead, but also to deliver their plans for growth.

“These businesses want to see targeted actions and policies in addition to fiscal measures. As we all navigate through an increasingly challenging economic period, the role these businesses will play in the overall recovery of the UK economy should not be undervalued.”

Nearly a quarter of firms were seriously concerned that customers might spend less due to inflation or the cost of living crisis as the Christmas trading period looms.

Almost three quarters worried that energy bills could rise compared to last winter.

International conflicts have reshuffled global supply chains and caused European gas prices to soar this year.

Almost half of respondents planned to invest in energy efficiency and two fifths have or may need to pass costs to customers.

Businesses urged the government to for new government support, with one in five wanting to see cuts to business rates or capital allowances and almost half calling for help in filling workforce gaps.

Read more:
SMEs fear winter supply chain crunch could hit revenue in crucial Christmas trading period

0
FacebookTwitterGoogle +Pinterest
previous post
Jaguar Land Rover unveils £250m EV facility as electrification powers up
next post
British Steel owner preparing to cut as many as 2,000 jobs

You may also like

Is Monetary Policy the Force Behind Shifting Exchange...

January 29, 2025

Marketing Lessons from Successful Local Dating Sites

December 13, 2024

UK postal workers to strike for four days...

August 10, 2022

Three quarters of ousted Tory MPs eyeing a...

January 4, 2025

Almost 10,000 start-up loans were awarded to businesses...

September 6, 2023

Victoria Beckham injects £6.9m into fashion empire after...

August 31, 2024

A dark day for British business: Unraveling the...

September 20, 2023

Price Transparency: The Key to Consumer Trust and...

December 5, 2024

How Underground Utility Surveying Enhances Safety and Efficiency...

August 8, 2024

UK SME’s ‘to be offered growth loans’ as...

September 26, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved