Stockpiling of Easter eggs creates a cracking opportunity for Wincanton
EASTER eggs are being stockpiled by a major chocolate company to ensure the country does not run out of the festive treats when Britain leaves the European Union next March.
Logistics specialist Wincanton revealed “a good pipeline of opportunities” from food and drinks companies that want to mitigate potential business disruption caused by Brexit. Adrian Colman, the chief executive, told analysts yesterday that Brexit was proving increasingly big business for Wincanton.
He said: “We’ve got a multinational food manufacturing company that is making and storing a lot more Easter eggs in the run up to March and April.”
Wincanton’s customers include Cadbury’s owner Kraft Heinz and Kit Kat maker Nestlé, according to its most recent annual report. Hubert Weber, the president of European operations at Cadbury’s direct parent Mondelez, admitted last September that the company was stockpiling ingredients, chocolates and biscuits in Britain to avoid interruptions to business in the event of a hard Brexit.
Mr Colman’s comments come as increasing numbers of companies reveal they are stockpiling items to make sure supply lines are preserved. Earlier this week Imperial Brands – one the world’s biggest tobacco companies – said it would stockpile £30m of cigarettes on the run-up to Britain’s exit from the EU.
Speaking to a slide entitled “Brexit – logistics opportunity”, Mr Colman explained how over the summer many companies had woken up to the need to start building up supplies. Wincanton “can help suppliers in the UK deal with the eventualities that they might face”.
“We’ve got a good pipeline of opportunities. We’ve converted a few as well, principally around the concept of building some additional storage inside the UK frontier.”
Easter Sunday next year falls on April 21, just weeks after Britain will formally leave the EU.