A local independent brewery owner has warned profit margins are constantly shrinking as businesses are forced to absorb spiralling supply chain costs.
Dom Hope-Smith, director of independent local business Carnival Brewing Company, told the ECHO earlier this year that the cost of living crisis has driven up energy and production costs. And just this week Brewgooder chief executive Alan Mahon warned that the price of raw ingredients, such as wheat and barley, were rising faster than the rate of inflation.
Mr Mahon told the BBC energy prices had soared to "eye-watering levels", adding that carbon dioxide was now costing 3,000% more than it did this time last year. He called the energy crisis "a greater long-term challenge than that created by rolling covid lockdowns."
