Ballooning shipping container costs, unpredictable arrival dates and the US Postal Service suspending most of its deliveries to Australia are among the freight headaches for businesses this year. The global maritime authority on container freight rates on major routes, Drewry, says every carrier they track had increased margins. Some by more than 50%. It forecasts freight costs won’t […]
It might not be until 2023 before the global microchip shortage is over, according to predictions reported recently by the technology website, ZDNet and Bloomberg. So, what are these chips, why do they matter, and how could they affect your business? Computer microchips are semiconductors that are essential for electronic devices to function. They include cars, smartphones, televisions, […]
Visitor or workplace accidents, natural disasters, reputation incidents, and major health events are the most significant risks to your tourism business. Environmental, societal, political, technological factors, and an economic crisis, could also have an impact. Then there’s the impact of the pandemic. This is all in a risk category of its own, with Austrade’s Tourism Research noting […]
Prepping and protecting your business this bushfire season While the promise of warmer weather spells days at the beach and backyard BBQs, spring and summer can sadly also bring bushfires. Business owners can get ahead of the risks by putting a protection plan in place for property and assets. Why do we get bushfires? Despite […]
On average, one in five Australian small businesses have been party to a dispute, with most of them experiencing financial loss, according to a government report. As well, small-to-medium-sized enterprises are at risk of unfair dismissal claims, with the Fair Work Commission listing at times with hefty costs. Work-related injury and diseases cost Australian companies $61.8 billion annually, says […]
