Why are the supermarkets in Britain haste into filling up their warehouses?
The stock-up mania seems to be the new “Armageddon” scenario depicting of what will happen to the possibility of a tough Brexit in the UK with the government asking supermarkets to increase their stocks.
Wednesday, February 6, 2019
The Parliament recently rejected Theresa May’s agreement on BREXIT in the crucial vote, so Ministers and Government officials are preparing to leave the EU without agreement unless a Plan B can be timely submitted.
According to officials quoted by Bloomberg, the government of Theresa May has allegedly asked the country’s supermarkets to have a larger stock of products, with the result that store suppliers have boosted their production.
The ministers’ request is based on the scenario that non-agreement would reduce the country’s ability to buy supplies from the French port of Calais to Dover in southeastern England by 13% due subject to establishing certain border controls.
Six government and industry executives with knowledge of the issue spoke to Bloomberg, holding their anonymity, as emergency plans are not public.
Four retailers, including Sainsbury and Tesco, are now asking their main suppliers to increase their reserves with the fear that at least half of their shelves will be emptied in the case of a "hard" Brexit.