Skip to content
Search
AI Powered
Latest Stories

'No need to panic buy', says Iceland boss, admitting supply issues in fresh food

'No need to panic buy', says Iceland boss, admitting supply issues in fresh food
(Photo by Hollie Adams/Getty Images)
Getty Images

Britons need not panic buy in the run-up to Christmas, a supermarket boss said today (23), though admitting that the "array" of pressures facing the supermarket sector is a worry.

Speaking to Sky News, grocery chain Iceland's managing director Richard Walker said the fresh food sector was more likely to face delivery disruption and empty shelves as a result of the lorry driver shortage hitting the economy.


“I’m not overly concerned and certainly there’s no need for customers to panic buy. We certainly don’t want to go back to those dark days," Walker said.

However, he warned it is “right to sound the alarm bell” on some issues the supermarket sector is facing, but added “it’s more issues within the fresh chamber than it is frozen”.

The supermarket chain boss also cited CO2 shortage as another problem which may affect UK supermarket shelves much sooner.

"This is no longer about whether or not Christmas will be okay, it’s about keeping the wheels turning and the lights on so we can actually get to Christmas," Walker told BBC Radio 4.

"This could become a problem over the coming days and weeks, so this is this is not an issue that’s months away," Walker said.

Insisting that at the moment, Iceland is "fully stocked", Walker said Iceland was building up its stocks on key items such as frozen meat, “just to make sure we can deal with any unforeseen issues”.

Nationally, food supply chains have been placed under intense stress because of a shortage of around 100,000 HGV drivers - with empty shelves across most UK supermarkets as a result.

The crisis seems to have deepened multifold after two plants that produce 60 per cent of the UK's CO2 were shut down amid rising gas prices.

CO2 is used for everything from the humane slaughter of chickens and pigs, to putting the fizz in soft drinks and creating packaging that keeps foods fresh.

Walker’s statement comes hours after UK’s largest retailer Tesco told the government that it was worried about panic-buying ahead of the festive season.

Speaking to ITV last night, the supermarket's chairman John Allan warned of a perfect storm of issues and said efforts were being made to avert a “horrendous crisis at Christmas”.

Earlier this month, Iceland boss had warned shoppers of a significant increase in food prices.

More for you

Nothing is more important than your Mental Elf

Nothing is more important than your Mental Elf

Lancashire Mind’s 11th Mental Elf fun run was its biggest and best yet – a sell-out event with more than 400 people running and walking in aid of the mental charity, plus dozens more volunteering to make the day a huge success.

The winter sun shone on Worden Park in Leyland as families gathered for either a 5K course, a 2K run, or a Challenge Yours’Elf distance which saw many people running 10K with the usual running gear replaced with jazzy elf leggings, tinsel and Christmas hats.

Keep ReadingShow less
A woman walks past a window display promoting an ongoing sale

A woman walks past a window display promoting an ongoing sale, on December 13, 2024 in London, England.

Photo by Leon Neal/Getty Images

Retail sales disappoint before Christmas

UK retail sales rose less than expected in the runup to Christmas, according to official data Friday that deals a fresh blow to government hopes of growing the economy.

Separate figures revealed a temporary reprieve for prime minister Keir Starmer, however, as public borrowing fell sharply in November.

Keep ReadingShow less
Sybren Attema, and Betty Eekchaut

Presidents Sybren Attema, FrieslandCampina, and Betty Eekchaut, Milcobel

Yazoo parent FrieslandCampina announces merger with Belgian rival Milcobel

Dutch dairy collective FrieslandCampina has agreed to merge with smaller Belgian rival Milcobel, creating a leading dairy cooperative.

FrieslandCampina, whose brands include Yazoo and Chocomel, said the merger will provide the foundation for a future-oriented organisation that has dairy front and centre for member dairy farmers, employees, consumers, and customers.

Keep ReadingShow less
Retail Shoplifting. Man Stealing In Supermarket
Photo: iStock

Home Office reaffirms commitment to abolish £200 shoplifting threshold

The UK government has pledged stronger measures to combat anti-social behaviour and shoplifting, which it acknowledges as serious crimes that disrupt communities and harm businesses.

Addressing a House of Lords debate on Monday, Home Office minister Lord Hanson detailed plans to abolish the controversial £200 shoplifting threshold and to introduce a new offence for assaults on retail workers.

Keep ReadingShow less
post office store
Photo: Post Office Ltd

Post Office launches wellbeing hub to support postmasters amid rising retail crime

In response to the mounting pressures faced by postmasters across the UK, the Post Office has unveiled a centralised wellbeing platform aimed at simplifying access to support resources.

Post Office said the surge in shoplifting and violent incidents, documented in the 2024 ACS Crime Report, has only intensified the demand for comprehensive support.

Keep ReadingShow less