The consumer goods business behind household necessities, from Salter scales to Kleeneze mops, warns that it transportation Continue until February next year.
Ultimate Products stated: “Transport availability continues to face challenges as forward orders from group retail customers take precedence over inventory purchases.”
The company added: “Management expects that after the Lunar New Year, global shipping will continue to be disrupted.”
Alex Veitch, General Manager of Public Policy for British Logistics, a trading agency, said: “Shippers around the world are affected by many factors, the most notable being the impact of Covid-19, which led to the closure of ports, subsequent container shifts, and rising The cost and the difficulty of ensuring production capacity.”
In some cases, demand for ship space has increased because of the surge in online orders from many retailers during the pandemic.
According to its most recent annual report, Ultimate Products is headquartered in the United Kingdom, but sources products from 15 countries, of which over 85% are from China.
The company released the latest news and reported that in the year ended July, revenue increased by 17.9% to 136.4 million pounds.
Unaudited basic pre-tax profit increased by 36.6% to 11.2 million pounds.
