Staff shortages and supply chain issues pile pressure on Midland’s businesses.

REGIONAL SNAPSHOT

Our latest Rethinking the Economy survey of 500 mid-sized businesses, found that nearly a third of Midlands companies feel that staff shortages are putting pressure on how they operate.

BDO RESEARCH HIGHLIGHTS

Staff shortages and supply chain issues are piling increasing pressure on Midland’s businesses, as the Government continues to grapple with the fallout from Brexit and the pandemic.

The survey showed that a shortage of overseas workers, exacerbated by the pandemic, was one of the biggest issues when recruiting staff, with 39% of mid-sized businesses stating that a lack of available talent in the region was also fuelling the problem.

As a result, an overwhelming 90% of respondents said they intended to reduce their product lines or services to help manage staff shortages, with more than a third (35%) already having done so. Many businesses anticipate that this reduction in services will be a long-term change, with 33%of companies planning to retrain existing staff to help fill vacant role.

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