Empty shipping containers stacked on an old runway next to the A140, as supply chain congestion and a lorry driver shortage lead to backlogs. (Getty Images)
Factories in the United Kingdom are having a hard time satisfying the record demand for their goods due to severe supply constraints, a report shows.
According to the Confederation of British Industry (CBI), manufacturers are running down their stocks of finished goods to meet the strongest order books since records started in 1977.
The employers’ organization expressed concern in its monthly health check that the rise in demand was being accompanied by heightened inflationary pressure.
It described availability of finished goods as the weakest since 1977, while noted that expectations of future price increases were at their highest.
While 46 percent of firms said order books were above normal, 20 percent said they were below normal.
Meanwhile, export order books were the highest since…