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Inflationary Pressures Starting to Erode Confidence

Inflation rose more sharply than forecast and business conditions and confidence eased in December, with the latter due to the rolling impact of Covid omicron on employment. While the rise in inflation grabbed the headlines, the National Australia Bank’s…

3385511 m 770x501 - Rent relief extended for small business owners

Rent relief extended for small business owners

Small business owners can now seek rent relief until 13 March 2022. Small businesses affected by COVID-19 will be able to seek rent relief until 13 March 2022. The Retail and Other Commercial Leases (COVID-19) Regulation 2022 rent relief…

Inflation Growth World Econom 437393210 1 - Construction inflation punishing SMEs and spilling over to clients

Construction inflation punishing SMEs and spilling over to clients

In 2021, Australia faced the highest construction inflation in almost two decades. Several factors contributed to the hike. The rise in housing prices combined with government market stimulus led to a construction and renovation boom. In addition, the pandemic…

importing containers 700x501 - Watch: Supply Chain Disruptions: Problems and Solutions

Watch: Supply Chain Disruptions: Problems and Solutions

The last year and a half have been rife with supply chain disruptions. Amy Thorn, chief executive officer of the Distribution Business Management Association, says the crisis has brought a new awareness of the importance of global supply chains…

0105 containers 770x501 - Global Supply Chains Brace for Impact as Omicron Reaches China

Global Supply Chains Brace for Impact as Omicron Reaches China

An omicron outbreak in China is sending jitters through supply chains as manufacturers and shippers brace for disruption inside the world’s-biggest trading nation if it can’t contain the fast-spreading variant. In 2020 and 2021, China’s ‘Covid-zero’ strategy meant factories…

Floating umbrella 1 - NAB Survey Shows Optimism in Face of Omicron

NAB Survey Shows Optimism in Face of Omicron

An upbeat December business survey from the National Australia Bank yesterday says the economy is well placed to perhaps grow a little faster in 2022, despite the new omicron variant of Covid. While business conditions improved as the lockdowns…

Logistics 770x501 - Five Supply Chain Trends to Expect in 2022

Five Supply Chain Trends to Expect in 2022

Supply chains have been severely impacted by COVID-19. A recent Statista survey found nearly 72% of businesses suffering detrimental effects related to the pandemic. Now, even as disruptions persist, supply chains the world round have begun picking up the…

Aust Economy

The Australian Economy in 2022

Did the Australian economy present any surprises over 2021? The year began well with the economy re-opening and in ‘catch up’ mode following the lifting of earlier national and Victorian lockdowns. Economic growth was strong, and the labour market…

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