Tesco is preparing for the “worst case scenario” of a no-deal Brexit by stockpiling long-life products, according to the supermarket retailer’s chairman.
John Allan spoke to Bloomberg on Wednesday just hours before prime minister Boris Johnson met with leaders in Brussels to a potential post-Brexit trade deal with the EU.
Allan also said that the supermarket giant was trying to minimise risk of food deliveries being held up in Dover by diverting shipments to other ports.
He reiterated what he said a month ago about seeing possible short-term disruption and shortages of fresh foods, particularly short life fresh food, in a no-deal scenario.
Allan warned that if the UK leaves the EU without a deal, tariffs would be substantial and that higher prices would be inevitable and “unavoidable.”
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
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Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
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