Analysts at risk modelling company Russell Group have warned that just under $2 billion of UK trade imports could be impacted in the run-up to Christmas if the current ports delays at Felixstowe continue into December.
But with supply chains coming under pressure globally, losses will likely be acute elsewhere as well, according to re/insurance broking specialist McGill and Partners.
Continued container shortages, port delays, congestion, increased freight costs, logistics equipment in the wrong place, and a lack of haulage options has ultimately resulted in delays being widely reported.
