Reading Time: 11 minutes Like the rest of the Australian economy, the construction industry was getting back on its feet after the worst of the pandemic. But the sector has now been hit by a perfect storm of supply chain disruptions, cost blowouts and staff shortages as inflation and interest rates rise. Many of these forces, particularly cost increases, […]
Reading Time: 8 minutes In this challenging economic climate, it is more crucial than ever that businesses are well prepared for whatever impacts come their way. Our latest episode of Business Insights is the first in a three-part series on how SMEs can best prepare themselves for uncertainty using the 3 Ps of preparation: processes, policies and procedures, and […]
Reading Time: 5 minutes Omicron heavily drags on trade receivables and prolongs recovery The latest CreditorWatch Business Risk Index captures circumstances for January 2022, a month when Omicron bit the economy hard and smashed the optimistic expectations of thousands of Small and Medium-sized Enterprises (SMEs). The CreditorWatch Business Risk Index (BRI) provides unique insights into the health of Australian […]
Reading Time: 3 minutes Missing information. Overwhelming amounts of paperwork. Hours of manual labour. Costly file management. Traditional credit checks and their shortcomings are giving way to a new era of efficient, rapid and user-friendly approaches to checking business’ credit histories and customer onboarding. The coronavirus pandemic has been – most obviously – a healthcare and humanitarian crisis. But beyond this, it has also […]
Reading Time: 4 minutes Right now, there’s a lot going on for the business community to deal with. The pandemic and climate change have impacted us all in different ways with multiple flow-on effects. Some have endured far tougher times than others but one thing we all have in common is that we’ve had to quickly adapt to these unfolding global events. In Australia, […]
Reading Time: 2 minutes Commenting on today’s Mid-Year Economic and Fiscal Outlook (MYEFO) 2021-22, CreditorWatch Chief Economist, Harley Dale, says: The Mid-year Economic and Financial Outlook (MYEFO) presents a predictably optimistic update for the year ahead for Australia. This time last year bookings for cruise holidays in 2021 were soaring because of the belief that the worst of COVID-19 […]
Reading Time: 4 minutes As lockdown restrictions are eased in key states, Australia faces the prospect of a strong economic bounce-back in the December 2021 and March 2022 quarters. There is no shortage of challenges ahead, but we don’t lack opportunities either. The September 2021 quarter result for Gross Domestic Product (GDP) will look plain awful. A hefty contraction in economic activity that encompasses a period when over half […]
Reading Time: 2 minutes SYDNEY, 30 November 2021 – CreditorWatch, the Australian digital credit reporting agency, has laid out how Australian SMEs can navigate the great supply chain disruption and associated risks as the Omicron variant overshadows confidence in the economy’s reopening, during a data-rich panel discussion with leading supply chain fintech Earlytrade earlier today. Following two years of […]
Reading Time: 5 minutes What risks do Australian business leaders face as east coast lockdowns ease? Sam MacPherson, Head of Treasury at Earlytrade, uses proprietary data from Australia’s largest working capital marketplace to support finance and procurement professionals preparing for the economy’s reopening. Events that have caused global supply chains to be pushed to the brink have been well […]
Reading Time: 6 minutes SYDNEY, Wednesday 10 November – The October 2021 CreditorWatch Business Risk Index (BRI) has revealed a tale of two regions for the Victorian economy. Three of the top five regions around Australia with the lowest risk of default are in regional Victoria. This is a stunning result given much of the state has been in […]