Now Aldi is considering Brexit stockpiling, boss admits
- 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.
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.
You may also want to watch:
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.
- 1 These are the 322 Tory MPs who voted against extending free school meals to children
- 2 German MEP tells Boris Johnson he 'owes' Britons a Brexit deal as she urged a return to EU trade talks
- 3 Betty Boothroyd delivers scathing assessment of Boris Johnson's government
- 4 Fool's gold? Nigel Farage wants you to invest your trust in his financial advice service
- 5 The deep roots of Dominic Cummings' personal antipathy to the BBC
- 6 Who's on the BBC's Question Time tonight?
- 7 Tory MP who voted against her own party to support free school meals motion quits government in protest
- 8 'Shameful' Tory minister defends government memo attacking Marcus Rashford's free school meals call
- 9 At the upcoming US election, Donald Trump really is toast
- 10 Boris Johnson 'plans to resign' in six months because he can't live on £150k salary
'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.
Become a Supporter
The New European is proud of its journalism and we hope you are proud of it too. We believe our voice is important - both in representing the pro-EU perspective and also to help rebalance the right wing extremes of much of the UK national press. If you value what we are doing, you can help us by making a contribution to the cost of our journalism.