Brexit is Turning Warehouse Space into a Hot Commodity in the U.K.
Date: Monday, December 10, 2018
Source: The Wall Street Journal
Brexit is turning warehouse space into a hot commodity in the U.K. Companies including drug maker Pfizer Inc., airplane manufacturer Airbus SE and tobacco giant Imperial Brands PLC are stockpiling inventory, the WSJ’s Daphne Zhang reports, in case the planned March separation from the European Union brings disruptions at the border. Logistics operators say the rush of contingency planning by some many companies has created shortages of warehouse space in some areas. Airbus is turning to its suppliers to hang on to some parts. Heineken NV and Burger King have sought additional warehousing capacity for beer and frozen burgers. The problem is particularly acute for food and beverage companies, as well as pharmaceuticals, since those products have to be kept cold and refrigerated warehouse space is harder to come by.