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UK crisp shortage eases after earlier supply problems

11/25/2021 | 05:07am EST

LONDON, Nov 25 (Reuters) - Fewer shops in Britain have shortages of potato crisps this week than the week before, official figures showed on Thursday, in a sign that supply problems for the popular snack food are easing.

Some 24% of food shops surveyed by Kantar Public for the Office for National Statistics had no or low stocks of multi-packs of crisps between Nov. 19 and Nov. 22, down from 30% the week before.

Britain's biggest crisp producer Walkers, part of PepsiCo , had to scale back production at the start of the month after problems with an IT systems upgrade, which it warned could take weeks to fix.

Supply chain problems have been common in Britain and elsewhere as businesses adjust to shifts in consumer demand and the availability of workers following the COVID-19 pandemic - and, in Britain's case, Brexit.

The ONS said 14% of businesses it surveyed reported labour shortages in late November, similar to the month before. This rises to 38% in the accommodation and food services sectors, which shed many staff during the pandemic and often relied heavily on European Union workers.

The Bank of England is looking closely at the job market for signs of pay pressures - or, conversely, higher unemployment after the end of furlough support on Oct. 1 - as it considers whether to raise interest rates on Dec. 16.

Earlier official data showed a record number 1.172 million job vacancies in the three months to the end of October.

Thursday's data showed the volume of online job adverts was 44% above its pre-pandemic level - the same as the week before - while consumer spending on credit and debit cards was 3% higher than before the pandemic, on a non-seasonally adjusted basis. (Reporting by David Milliken; Editing by Alistair Smout)

ę Reuters 2021
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Analyst Recommendations on PEPSICO, INC.
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Financials (USD)
Sales 2021 78 331 M - -
Net income 2021 8 447 M - -
Net Debt 2021 31 627 M - -
P/E ratio 2021 27,8x
Yield 2021 2,50%
Capitalization 237 B 237 B -
EV / Sales 2021 3,43x
EV / Sales 2022 3,30x
Nbr of Employees 291 000
Free-Float -
Duration : Period :
PepsiCo, Inc. Technical Analysis Chart | PEP | US7134481081 | MarketScreener
Technical analysis trends PEPSICO, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 169,37 $
Average target price 174,42 $
Spread / Average Target 2,98%
EPS Revisions
Managers and Directors
Ramon Luis Laguarta Vice President-Business Development
Hugh F. Johnston President-Pepsi-Cola North America
Rene Lammers Chief Science Officer & Executive Vice President
Seth Cohen Chief Information Officer & Senior Vice President
Pietro Antonio Tataranni Chief Medical Officer & Senior VP-Life Sciences