![]() ![]() But sensationalist headlines that a “supermarket disaster looms” are overblown. This will likely mean sporadic shortages and restocking delays. KordaMentha has warned of a “genuine risk of an uncontrolled wind down”, leading to supermarket supply shortages. Without a buyer, the company will be liquidated, with its assets sold off piecemeal. Scott’s Refrigerated Logistics – with more than 1500 employees, 500 trucks, 1000 trailers and warehouses in Sydney, Melbourne, Brisbane, Adelaide and Perth – was placed into administration on February 27.Īdministrator KordaMentha has been unable to find anyone to buy the stricken business from Anchorage Capital Partners, a private-equity company that bought Scott’s in 2020 for $75 million. But they are worth repeating, as Australia faces another potential post-COVID supermarket shortage – this time of any groceries that require refrigerated transport (frozen food, meat, dairy and fresh fruit and vegetables) following the collapse of Australia’s largest cold-chain refrigeration transport company. ![]()
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