Christmas - Book Early to Avoid Disapointment
The Christmas peak is expected to come earlier than ever in 2010, so retailers need to ensure their supply chains are prepared, according to OPS Logistics Consultancy. The early peak will come as a result of the emergency budget and forthcoming VAT rise - the potential affect this will have on supply chains has been outlined by the consultancy in a new white paper. As reported by Logisticsmanager.com on July 15th
"Retailers need to start planning now if they are to take advantage of both the opportunities and challenges the VAT rise will bring, and this is likely to have a major impact on the logistics sector," said Dan Derry, managing director of OPS.
The paper suggests trends show that consumers tend to avoid paying extra tax by buying large ticket items before any tax increases, such as the 2.5 per cent rise in VAT chancellor of the exchequer, George Osbourne, made earlier this year.
As the increase is planned for 4th January 2011 this will coincide with the Christmas peak and cause unusual buying habits to occur. The paper explains that in order to meet this change, businesses need to ensure their supply chains have the flexibility to meet future challenges.
Towngate Plc are able to support retailers aiming to capitalise on the Christmas peak, by offering short term lease deals on their warehouse properties in Yorkshire and the North West. "Businesses can adapt rapidly to increased demand by planning for Christmas now," said Julia Ford Marketing Manager of Towngate.
"We have warehouse units from 5,000sq ft to 100,000sq ft available to let in strategic locations across the M62 corridor. Our flexible short term lease deals allow our clients to cope with the anticipated peak, then return to normal operating conditions in January when the VAT increase comes into effect. "
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