LONDON (Reuters) – Britain’s biggest supermarket Tesco (L:) does not expect to see anything more than short-term shortages of certain products as customers stockpile over coronavirus, its chairmain said on Thursday.
John Allan, also the president of the business lobby group the CBI, told BBC Radio there was plenty of product in the supply chain and shoppers did not need to panic buy.
“We and our competitors are refilling our supply chains as rapidly as ever we can, I think we’re unlikely to see anything more than very short term temporary shortages of certain products,” he said.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.