Billions of dollars of UK trade exposed to port disruption, warns consultancy

Billions of dollars of UK trade exposed to port disruption, warns consultancy

Russell Group CEO Suki Basi

Leading companies including BP, Royal Dutch Shell, Tesco and BAE Systems face significant financial exposure from the current port disruption at Southampton, according to analysis by insurance industry and risk consultancy Russell Group.

As a result, Britain’s economy could suffer a “severe hit” if the current disruption at Britain’s busiest port continues, the consultancy said in a statement.

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https://allaboutshipping.co.uk/2020/12/11/billions-of-dollars-of-uk-trade-exposed-to-port-disruption-warns-consultancy/

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