Alcohol wholesalers and other UK importers have begun stockpiling alcoholic beverages in anticipation of potential supply-chain disruption in the event of a no-deal Brexit. There is more demand for alcohol around Christmas, so 40-60% of companies have started the stockpiling process earlier than usual, according to a survey by the Chartered Institute of Procurement and Supply (Cips). Typically, the stockpiling would begin in November, but anxieties around potential traffic at ports and unstable sterling-euro exchange rates have pushed champagne and wine importers to take action earlier.
Alcohol wholesalers and other UK importers have begun stockpiling alcoholic beverages in anticipation of potential supply-chain disruption in the event of a no-deal Brexit. There is more demand for alcohol around Christmas, so over 20% of companies have started the stockpiling process earlier than usual, according to a survey by the Chartered Institute of Procurement and Supply (Cips). Typically, the stockpiling would begin in November, but anxieties around potential traffic at ports and unstable sterling-euro exchange rates have pushed champagne and wine importers to take action earlier.