Rate of business failures is returning to pre-Covid normality, says Atradius
In its August transport sector report, the Irish arm of the Amsterdam-headquartered debt collection and credit insurance company said that the Republic’s transport sector had proven “remarkably robust” but the sector would face fresh challenges over the coming months. “This is partly due to constant fluctuations in fuel prices, significant labour shortages and increasing interest rate charges which has led to an increased cost base,” it said.
An increase in Brexit-related red tape for EU exports to Britain will also present challenges, the company said. Once the UK government implements the new controls in October all imports of animals and foods of animal origin will have to be subject to pre-notification and will require a health certificate.
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