‘Keep calm and stop stockpiling’, warns Cranfield Uni professor

63
Cranfield University's Professor Wilding OBE

Cranfield University’s Professor Richard Wilding OBE, has warned UK manufacturers of the risks to the extended supply chain caused by stockpiling raw materials ahead of Brexit.

Writing in City AM, Professor Wilding, Professor of Supply Chain Strategy at Cranfield University, likens the panic being demonstrated by manufacturers and consumers to that displayed in the face of the ‘Millennium Bug’ at the turn of the century.

He warns: “While it might look like a sensible response to uncertainty, this kind of Brexit anxiety will have long-term implications for supply chains and for the UK economy as a whole.

“Organisations and individuals need to look at stockpiling with their eyes wide open. We need more conversations across supply chains to help increase certainty and trust, to determine what’s necessary and what’s overreaction.

“Otherwise stockpiling could be a bigger problem for Britain that even the most chaotic Brexit.”

Now more than ever, we need your help to fund the Bedford Independent’s quality journalism that serves our community...

We choose to champion editorial independence, meaning we report the facts without bias and can stand up to those in power when we believe it’s needed.

We can give a voice to people in our community whose voices may otherwise not be heard. And we don’t have a paywall, so everyone can read the stories we publish for free.

But in this time of crisis, many news organisations all over the world are facing existential threat, with advertising revenues plummeting. We’re no different.

We work hard every day to bring you news, commentary, entertainment and announcements from across Bedford. We hope that, with your help, we’ll be able to continue this for many years to come.

Will you help sustain our work today by clicking below ? Even a small donation makes a difference for our future.

Thank you for your support.