Luxury yacht maker sinks to £30m loss weighed by supply problems

Princess Yachts, Britain's largest luxury yacht manufacturer, has reported a £30m loss due to supply chain issues caused by the pandemic. The company faced shortages of engines, semiconductors, and teak wood, and struggled to finish production on time. The delayed impact of suppliers getting back on track and a global shortage of semiconductors were cited as challenges. However, the company's CEO, Will Green, believes that Covid has had a positive long-term effect on demand for yachts, as people prioritize enjoying themselves and spending time with family.

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Frequently Asked Questions

1. What is the reason behind the luxury yacht maker's £30m loss?

The luxury yacht maker sank to a £30m loss mainly due to supply problems.

2. How has supply problems affected the luxury yacht maker?

The luxury yacht maker has been significantly affected by supply problems, ultimately leading to a £30m loss.

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