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Fears grow as UK factories hit by worst supply chain shortages since mid-70s
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Britain’s manufacturers are struggling with their worst supply shortages since the mid-1970s, as fears grow in the sector over the economic fallout from rising costs and a lack of key materials.
Almost two-thirds of the businesses surveyed in the snapshot from the Confederation of British Industry (CBI) warned that shortages of components would hit factory output in the next three months.
That was the biggest share since January 1975, a year when inflation hit a postwar high amid severe economic turbulence in Britain and abroad, with NHS doctors going on strike and Glasgow bin collectors staging industrial action.
The latest survey of 263 manufacturers, held against a backdrop of severe supply chain disruption caused by Covid and Brexit, also
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