British retailers John Lewis Partnership and the Co-operative Group both warned on Thursday that creaking supply chains would lead to higher prices, as a dearth of truck drivers compounds disruptions in global freight trade.
A combination of the impact of Britain’s exit from the European Union on cross-border trade and the wider effects of the COVID-19 pandemic on worldwide transportation has led many retailers to highlight the challenges facing their businesses.
Although the employee-owned John Lewis Partnership, which runs John Lewis department stores and supermarket chain Waitrose, returned to a first-half profit after a pandemic-hit loss last year, it warned of “significant uncertainty” ahead.
Partnership Chairman Sharon White said the whole retail industry was having to manage global supply chain challenges and labour shortages.
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