Hospitality sector still struggling to get goods and services

Hospitality sector still struggling for goods and services
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A fifth of hospitality businesses have had issues acquiring goods or services as disruption to supply chains across all industries rages on.

 

Figures from the Office of National Statistics revealed that while 46.2 percent of operators had been able to get the goods and services they needed in the past two weeks, 20.4 percent had issues and 11.4 percent had to change suppliers or find alternative solutions. A further 9 percent said they had been unable to get the goods or services they required over the past fortnight.

This, of course, comes on the back of 18 months of limited trading due to lockdowns and restrictions, the effects of which are still being felt in both closures and revenue. The ONS statistics also showed 95.2 percent of hospitality businesses were currently trading, while 3.1 percent had permanently ceased trading and the remaining 1.7 percent had temporarily closed or paused trading. The research also looked at revenue, finding 45.4 percent of operators had seen turnover drop while almost a quarter had seen no impact on turnover from 26 July to 8 August. A further 17.6 percent saw turnover rise while 12.3 percent were unsure.

What is certain, however, is that hospitality businesses have had their work cut out after reopening, with no end yet in sight for the supply chain strain that is being felt across the globe.


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