Online retail sales growth slowed to almost flat in March
Insight
June 2, 2022
NAB Supply Chain Insights Special Report
Report overview The COVID pandemic has caused significant challenges for supply chains across the globe, and Australian SMEs have not been immune. For this inaugural NAB Supply Chain Insights Special Report, a survey of around 760 SMEs were asked about the impact on their business of supply chain disruptions, how they were addressing these issues […]
Report overview
The COVID pandemic has caused significant challenges for supply chains across the globe, and Australian SMEs have not been immune. For this inaugural NAB Supply Chain Insights Special Report, a survey of around 760 SMEs were asked about the impact on their business of supply chain disruptions, how they were addressing these issues and what they believed Australia should do to deal with future supply chain issues. The survey was conducted between 21 February and 10 March 2022.
Almost 3 in 10 (28%) SMEs said supply chains were currently a “significant” issue for their business (scoring 8 pts or higher). By state, this climbed to 35% in WA, followed by 1 in 4 SMEs in NSW (24%), SA (24%) and TAS (25%). By industry, it was a “significant” issue for almost 1 in 2 (47%) Wholesale SMEs, and was also particularly problematic in Manufacturing (44%), Retail (37%) and Construction (30%). Of concern around 1 in 4 (or 23%) SMEs expect supply chain will still be a significant issue in 12 months, with those in VIC most concerned (27%). By industry, concern was highest for most SMES in Manufacturing (36%), Wholesale (31%), Construction (30%), Retail (28%) and Transport & Storage (28%).
Webinar – Insights and Opportunities for Wholesale and Trading Businesses
Covers key insights and strategies to help you review your supply chain and prepare for future supply chain issues.
Hear from:
- NAB Group Chief Economist, Alan Oster
- NAB Head of Economics, Dean Pearson
- NAB Executive Business Metro, Michael Saadie
- NAB Executive Trade and Working Capital, Jackie Cooper
- NAB State Director, Business Markets NSW, Tracy Ferguson.
Discussion topics include:
- supply chain – business impacts, how it is being addressed and strategies to deal with future supply chain issues
- the global and domestic economy
- impacts of the great resignation and labour shortages on businesses
- insights from NAB’s latest business survey.
Presentations
Recovery from Covid, supply chain difficulties and the impact of higher rates – NAB Group Chief Economist, Alan Oster
Insights into a ‘new normal’ for wholesalers – NAB Head of Economics, Dean Pearson
