UK pauses tariffs on 'everyday' items
Tariffs aren’t just a US thing. The UK – in a move which repudiates the ...
ID 93862120 © Alexandr Medvedkov | Dreamstime.com
The UK could run out of warehouse capacity within a fortnight as imported goods pile up at storage locations and social lockdowns have devastated consumer demand.
According to a survey by the UK Warehousing Association (UKWA), published today, 90% of respondents reported facilities at full capacity and suggested the overall market had just 10% capacity available.
And, according to UKWA chief executive Peter Ward, that remaining capacity is likely to be full by early May.
“With outbound flows severely reduced or stopped altogether, ...
Comment on this article
Fred_in_PA
April 21, 2020 at 7:23 pmUh, oh>
Wasn’t this an older theory about what caused the Great Depression?
That capitalism could produce faster than consumers could consume,
so there was excess production which, once noticed, led manufacturers to
cut back production. Then as factory workers got laid off, there was even
less demand for the already warehoused goods, leading to even more layoffs
leading to less demand leading to more layoffs . . . ad nauseum in a vicious downward spiral.