NCAU: ‘Won’t be the last’ – expert warns of soaring grocery prices ahead as freight industry crisis explodes

Business crisis management and solution concept.

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28/02/2023

News.com.au reports:

The devastating collapse of a major Aussie freight company “won’t be the last”, with “higher prices” for supermarket shoppers “undoubtedly” on the cards.

That’s according to Road Freight NSW CEO Simon O’Hara, who told news.com.au the industry was in the grip of a major crisis that would lead to yet more pain at the checkout for families already battling a cost of living nightmare.

On Monday afternoon, news broke that Scott’s Refrigerated Logistics – one of Australia’s biggest trucking firms, which supplies all major supermarkets, including Woolworths, Coles, IGA and Aldi – had been plunged into receivership.

It has left 1500 jobs in the lurch and the delivery of food supplies at risk after the company folded due to being battered by labour shortages, extreme weather events and skyrocketing fuel costs.

However, Mr O’Hara said the situation was “just the tip of the iceberg” for the struggling sector, and that supply chains would certainly be impacted…

The full post is here.

(A follow-up piece is coming soon from Mr Joy…)