Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Expert contends: Bowing out of the single UK pricing system would inflate Scottish logistics costs

16.09.2014

The world is watching the United Kingdom. The people of Scotland are going to the polls on Thursday, September 18, when they will be asked the "Yes/No" question: Should Scotland become an independent country?

Widely being discussed are the consequences and Alan McKinnon, professor of Logistics at Kuehne Logistics University, points out that one consequence would be price increases for Scotland.


Prof. Alan Mc Kinnon, Head of Logistics Department at Kuehne Logistics University

If Scotland walked away from the rest of the UK, Professor McKinnon says: “the distribution of supplies from warehouses in England to shops and businesses in Scotland, many of which are currently internal inventory transfers, would become international trade.”

And the academic goes on to say that would "be a very costly option and result in higher prices in the Scottish shops". He makes it clear that being part of the UK “translates into lower prices in shops”.

... more about:
»academic

At present it is expensive for companies to supply the Scottish market because of the long distances, lower population density and imbalances in freight traffic flows.

“If an independent Scotland had a different currency and border controls were erected, the cost of distributing goods to Scotland would be further inflated. Under these circumstances, companies currently selling products and services across the UK market at a uniform price would be likely to abandon this practice”, says the logistics expert.

Alan McKinnon argues that the loss of the UK single pricing system “would significantly inflate Scottish logistics costs, raising the cost of living and impairing business competitiveness.”

Weitere Informationen:

http://www.the-klu.org

Dr. Ulrich Vetter | idw - Informationsdienst Wissenschaft

Further reports about: academic

More articles from Business and Finance:

nachricht Corporate coworking as a driver of innovation
22.11.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO

nachricht Mathematical confirmation: Rewiring financial networks reduces systemic risk
22.06.2017 | International Institute for Applied Systems Analysis (IIASA)

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Long-lived storage of a photonic qubit for worldwide teleportation

MPQ scientists achieve long storage times for photonic quantum bits which break the lower bound for direct teleportation in a global quantum network.

Concerning the development of quantum memories for the realization of global quantum networks, scientists of the Quantum Dynamics Division led by Professor...

Im Focus: Electromagnetic water cloak eliminates drag and wake

Detailed calculations show water cloaks are feasible with today's technology

Researchers have developed a water cloaking concept based on electromagnetic forces that could eliminate an object's wake, greatly reducing its drag while...

Im Focus: Scientists channel graphene to understand filtration and ion transport into cells

Tiny pores at a cell's entryway act as miniature bouncers, letting in some electrically charged atoms--ions--but blocking others. Operating as exquisitely sensitive filters, these "ion channels" play a critical role in biological functions such as muscle contraction and the firing of brain cells.

To rapidly transport the right ions through the cell membrane, the tiny channels rely on a complex interplay between the ions and surrounding molecules,...

Im Focus: Towards data storage at the single molecule level

The miniaturization of the current technology of storage media is hindered by fundamental limits of quantum mechanics. A new approach consists in using so-called spin-crossover molecules as the smallest possible storage unit. Similar to normal hard drives, these special molecules can save information via their magnetic state. A research team from Kiel University has now managed to successfully place a new class of spin-crossover molecules onto a surface and to improve the molecule’s storage capacity. The storage density of conventional hard drives could therefore theoretically be increased by more than one hundred fold. The study has been published in the scientific journal Nano Letters.

Over the past few years, the building blocks of storage media have gotten ever smaller. But further miniaturization of the current technology is hindered by...

Im Focus: Successful Mechanical Testing of Nanowires

With innovative experiments, researchers at the Helmholtz-Zentrums Geesthacht and the Technical University Hamburg unravel why tiny metallic structures are extremely strong

Light-weight and simultaneously strong – porous metallic nanomaterials promise interesting applications as, for instance, for future aeroplanes with enhanced...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

See, understand and experience the work of the future

11.12.2017 | Event News

Innovative strategies to tackle parasitic worms

08.12.2017 | Event News

AKL’18: The opportunities and challenges of digitalization in the laser industry

07.12.2017 | Event News

 
Latest News

Gecko adhesion technology moves closer to industrial uses

13.12.2017 | Information Technology

Columbia engineers create artificial graphene in a nanofabricated semiconductor structure

13.12.2017 | Physics and Astronomy

Research reveals how diabetes in pregnancy affects baby's heart

13.12.2017 | Health and Medicine

VideoLinks
B2B-VideoLinks
More VideoLinks >>>