On February 8th, the catastrophic fire that engulfed Ocado’s Andover Customer Fulfillment Centre (CFC) finally came to an end, after four traumatic days.
As the fire raged on, 300 firefighters battled on at considerable personal risk, while over 100 residents in the area surrounding the 24,000 sq. metre warehouse were evacuated.
Statistically, more than 40% of businesses do not survive the consequences of a major fire and Ocado has already started seeing the effects of this one on theirs. Since February 5th, Ocado shares have seen a 14% decrease and the company has started preparing for massive hits to sales as it struggles to fulfill orders. The Andover CFC processed around 30,000 orders for customers each week, which represents 10% of the entire business’ capacity.
Now the immediate danger is over, the question of why this happened must be investigated. Was the repeal of the Local Acts in 2012 a contributing factor?Read More