Irish firms suffer with renewed supply chain problems

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Ireland Headlines News

Irish businesses are once again having to restructure their supply chains, amid renewed disruption caused by the resurgence of Covid-19 in China, the Ukraine war and soaring fuel costs

Economists have warned that if continued, the global difficulties will contribute to lower economic growth and higher inflation.

Managing Director, Tino Hyland, said congestion in ports is a real issue and is affecting all sectors. He said one customer recently took delivery of a shipment of wine from New Zealand which was ordered last October,"which is absolutely ridiculous" he said, as it normally takes eight weeks. More than a year on, the impact of Brexit on use of the UK landbridge for the movement of goods into and out of continental Europe is also continuing to hurt."This adds greatly to the cost, because going across the UK is the cheapest method to get it out there."

"But certainly if you are shipping from California, New Zealand, Argentina, Chile, really it is a disaster, in terms of the shipping costs from New Zealand has gone up now by a multiple of about five, the shipping from Chile has gone up by a multiple of seven, and also in Australia." It is a similar picture in nearby Flanagan Kerins furniture store in Bray, where there is a full range of products on offer, even though getting them has been challenging for the business.

 

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