Pallet Truck Shop, part of the Midland Group of Companies, suggests that the industry should invest in warehouses as the country prepares to leave the European Union. One of the leading suppliers of manual handling and warehouse equipment has made a plea for the industry to invest in warehousing and other infrastructure in order to support the industry when the UK leaves the European Union.
With the UK leaving the EU, it will have to support infrastructure investment. Experts in material handling think that leaving the decision to invest in infrastructure to a later date could negatively impact the entire country. It is thought that recently the country has been experiencing a smaller supply of warehousing space. This could cause problems for Britain’s supply chain which has seen more and more demand for ecommerce based retailers as well as a steady increase in UK Manufacturing.
It is thought that the shortage in warehousing space is improving, as bits of investment in infrastructure takes place. However, this investment needs to increase in order to make sure that the UK is ready for their departure of the European Union which is set to occur in two years. In order to keep the economy in a good place, the UK could have to rely on the its own exports and manufacturing. There are areas that the country can rely on, but they are dependent on there being enough warehousing space to manufacture products and then to store them before exportation.
Speculative development has seen a reduction of 75% over the last decade because of a rise in competition for the available space from other markets like housing developments. Because of this it is thought that the shortage in warehousing has cause many companies to take their business to Europe, which could be disastrous for the UK when we leave the EU.