AO World issues profit warning as driver shortage and supply chain issues take their toll


 

AO World has issued its second profit warning in two months as it continues to be hit by the HGV driver crisis and supply chain shortages of electrical goods ahead of Christmas. Despite benefitting from the e-commerce boom fuelled by the Covid-19 pandemic lockdowns last year, the company has revealed it made a £10m loss between April and September, partly due to acute shortages in electronics such as Apple’s iPhone and games consoles, as a result of the global shortage […]