Now Aldi is considering Brexit stockpiling, boss admits

Aldi supermarket. Photograph: Antony Kelly.

Aldi supermarket. Photograph: Antony Kelly. - Credit: copyright ARCHANT 2017

Aldi is one of the first supermarkets to announce it is considering stockpiling food as part of its preparations for Brexit.

The discount grocer's chief executive Giles Hurley, however, added that Aldi's increased fresh food range would make this more difficult.

'While I think storage of additional stock is worth considering, based on storage and shelf life that would be very challenging,' he said.

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Brexit secretary Dominic Raab said in July that the government is making plans to secure food supply in the event of a no-deal Brexit.

But he said it was 'wrong to describe it as the government doing the stockpiling', indicating that industry would need to take the lead.

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Speaking as Aldi unveiled its annual results, Mr Hurley said the grocer does not yet have a 'detailed' Brexit plan due to lack of clarity on the deal.

But he said Aldi is in discussions with suppliers, and is also 'actively looking to source even more products from Britain'. The business already sources around 77% of its products from the UK.

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'We have plenty of experience trading in federal markets, whether that's the US, Australia or even Switzerland,' he said. 'I think that helps.'

Mr Hurley also played down fears that a shortage of EU workers could hit UK businesses.

'We're very confident because we have market-leading pay rates that if there were any problems we'd be fairly insulated from that,' he said.

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