MIP is aware that the well-publicised container shortage issue impacting the global supply chain, is a concern for many of our customers.
The current container shortage stems from factors resulting predominantly from the pandemic; an increase in global demand for PPE and online shopping, combined with Covid safe working restrictions at ports and terminals causing logistic bottlenecks. The demand for containers in US and Europe sharply increased from June 2020, causing a massive container shortage in China, which led to a domino effect elsewhere round the world and not enough empty containers being returned to China.
As a result of these shortages, the cost of freight has increased to record highs. For example the cost of shipping goods from China to Northern Europe has quadrupled from levels seen before Covid began.
MIP (UK) Ltd works closely with our suppliers and logistics partners to ensure continuous supply of our products. Over many years MIP has built a robust supply chain, to eradicate product supply issues, and as such our key product lines can be produced in multiple locations. MIP through its forward planning always ensure our product pipeline remains both continuous and flexible.
We can also confirm that we have increased our stock holdings of key products across our three UK warehouses, to ensure we have contingency stocks should shipments be delayed at ports.
Irrespective of the worldwide shipping issues, we regularly adjust our stock level and consider any forecasted future stock contingency requirements, which could have an impact on our ability to supply.
Should you require any further details do not hesitate to contact us to discuss further.
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Paul Crabtree
MIP (UK) LTD
17.05.21
