Skip to content
Search
AI Powered
Latest Stories

'Worldwide shipping problems to put further pressure on prices'

'Worldwide shipping problems to put further pressure on prices'
Photo by JUSTIN TALLIS/AFP via Getty Images
AFP via Getty Images

Worldwide shipping woes that have sent prices of food, clothes and goods soaring are set to continue for years, putting further pressure on cash-strapped households and businesses, a logistics giant has warned.

EV Cargo, which handles logistics and supply chains for the likes of Asda, Sainsbury’s and Next, said pressures that have hit shipping prices and availability are set to take years to fully resolve, with fuel and China lockdowns continuing to impact supply chains.


The group cautioned this will intensify the cost-of-living crisis, compounding inflation pressures as firms are forced to put up prices.

“It’s going to take a period of years to stabilise and get back to normal,” Heath Zarin, founder and chief executive of EV Cargo, told The Independent.

“It’s very serious overall and another reason why inflation and higher prices are likely to be with us for longer than anybody would like. There will be ups and downs but there won’t be a massive form of relief from elevated prices.”

EV, which also transports goods for firms including Kraft Heinz, Dyson and drinks firm AB InBev, is also facing soaring fuel costs, but is hoping to turn to technology and innovation in supply chains to help offset the costs and, in turn, make savings for businesses, stated the report.

The shipping disruption has led to soaring costs and poor container availability for a raft of firms, in particular those that import goods from Asia, where a zero Covid policy has knocked ocean freight.

Staffing issues in ports across the UK, America and worldwide have further compounded the issue.

EV Cargo, the UK’s biggest, privately-held, logistics business, operates road, sea and air freight both in the UK and internationally.Its international logistics operations manage 200,000 containers of sea freight annually and six million kilograms of air freight monthly. It also has a fleet of 20,000 delivery vehicles and a team of 5,000 UK-based, logistics workers, including 2,200 truck drivers.

More for you

A woman enters the Selfridges department store

A woman enters the Selfridges department store on December 13, 2024 in London, England

Photo by Leon Neal/Getty Images

Retail faces mixed fortunes in 2025 amid cost pressures, AI opportunities, and high street revival


The UK retail sector is bracing for a challenging but opportunity-filled 2025, according to Jacqui Baker, head of retail at RSM UK. While the industry grapples with rising costs and heightened crime, advancements in artificial intelligence and a revival of the high street offer potential pathways to growth, she said.

Keep ReadingShow less
unsafe soft drinks seized in Southend

Unsafe soft drinks seized in Southend

Photo: Southend-on-Sea City Council

1,100 unsafe soft drinks seized in Southend safety crackdown

Southend-on-Sea City Council officials have secured food condemnation orders from Chelmsford Magistrates Court, resulting in the seizure and destruction of 1,100 unauthorised soft drinks.

The condemned drinks, including Mountain Dew, 7-UP, Mirinda, and G Fuel energy drinks, were found during routine inspections of food businesses across Southend by the council’s environmental health officers.

Keep ReadingShow less
Charity Super.Mkt at Brent Cross Shopping centre in north London

A customer browses clothes inside Charity Super.Mkt at Brent Cross Shopping centre in north London on, December 17, 2024

Photo by JUSTIN TALLIS/AFP via Getty Images

Brits kindle Christmas spirit with second-hand gifts

Bursting with customers one afternoon the week before Christmas, a second-hand charity shop in London's Marylebone High Street looked even busier than the upscale retailers surrounding it.

One man grabbed two puzzle sets and a giant plush toy as a present for friends, another picked out a notebook for his wife.

Keep ReadingShow less
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