The coming months will be full of opportunity but also challenges for the growing professional services sector. With staffing a critical factor, we identify the trends you should navigate to become an employer of choice in 2023.
The coming months will be full of opportunity but also challenges for the growing professional services sector. With staffing a critical factor, we identify the trends you should navigate to become an employer of choice in 2023.
When it comes to sustainability and eco-innovation, this fifth-generation wine-making family is an Australian success story.
This article first appeared in the Australian Financial Review. By Alexandra Cain.
Download NAB’s Regional & Agribusiness Horizons Report for compelling new insights into regional and rural Australia.
Lower costs, simpler processes and more scope for growth… just some of the benefits your small business might see from embracing the latest tech solutions.
Conditions continue to recover, but confidence remains fragile.
Both business conditions and confidence continued to rebound in June – though it is important to note they are still weak in level terms.
Business confidence remains very weak despite a rebound in the month.
Business confidence saw its largest decline on record and is now at its weakest level in the history of the NAB Monthly Business Survey.
Confidence heads lower and Conditions now neutral.
Special survey on the second round impact of recent bushfires.
More of the same in early 2020.
The final monthly business survey of 2019 provides further evidence that activity stabilised in Q4.
Business conditions tracked sideways in the month, and appear to have stabilised at low levels, after declining significantly between mid-2018 and 2019.
The offshore wind industry is booming, with 22GW of installed capacity worldwide and the first project planned for Australia.
Conditions and confidence each saw a small improvement in the month with conditions edging up 1pt and confidence lifting 2pts – though both remain below average.
Business conditions rose 1pt in September to +2 index points. This continues the below average run of business conditions but suggests that the trend weakening since mid-2018 has slowed.
Both business confidence and conditions declined in the month, with both now at +1 index point – well below long-run averages.
The looming generational change in agriculture will bring many development opportunities for the sector.
Australia’s agricultural sector generates mountains of waste each year, but new research programs aim to help farmers turn a profit on unwanted produce.
Corporate or consolidated practices. The two trends having the biggest impact on younger GPs.
More than mere high-tech toys, drones are being put to work by businesses around the world in a multitude of ways.
Why thinking about the future helps businesses make better decisions.
We're seeing below average confidence and conditions. The picture remains unchanged since last month - business sector has lost significant momentum since early 2018 and forward looking indicators don't point to an improvement in the near term.
High-tech trends that will change the way you do business. Three Australian ICT leaders share their thoughts.
A new whitepaper from NAB examines how the Australian SME sector, and the country more broadly, can continue to prosper, and what we can do to support SMEs. Get the full picture.
Confidence kick short-lived, conditions remain below average.
Thanks to video conferencing, onerous trips to the hospital to seek medical advice may be drawing to a close.
Big shifts in our buying habits are seeing Australians spend more on experiences – and that’s forcing retailers to think outside the box.
It’s possible to make money and a difference, if your business incorporates shared value into its strategy.
Confidence saw a post-election spike in May but conditions decline further with the private sector continuing to lose momentum.
The next wave of digital marketing is voice. Is your business equipped to ride it?
Surprise jump in conditions last month was unwound this month – with business conditions, confidence and forward orders now all below average.
CSIRO’s Future of Health report details what’s needed to keep Australia’s health system efficient, equitable and affordable. Here, we examine four key themes for healthcare business owners.
Technology is changing the way accounting professionals work and the relationship they have with their clients. Cloud accounting business specialist Lielette Calleja shares the secrets of her own success and suggests ways to make the most of continuing transformation.
Conditions rise while confidence continues a below average run.
No longer a novelty, co-working and co-living spaces are transforming Australians’ housing choices and work arrangements.
Business conditions fell by 3 pts to +4 index points in February, driven by declines in profitability (now +1) and trading (+8) sub-indexes. Employment was unchanged at +5. Confidence fell 2pts in the month to +2 index points.
Growth capital is more important than ever. But while we’re seeing new and innovative forms of funding stepping up to meet this need, it’s clear small and medium-sized businesses must step up too.
Business conditions saw a moderate rebound in January after falling sharply in December.
Conditions end the year on a concerning low.
Wherever you look, the future is about technology – the way we invest, care for our health and even how we grow our food. We take a look at where technology might take us in 2019.
Confidence and conditions ease.
Business conditions seem to have stabilised at high levels in recent months following some sharp falls earlier and the dip in confidence last month appears to have been temporary.
We discuss the future of health and why failure to innovate nowadays isn’t an option.
Globally, the finance sector is directing ever-greater amounts of capital to address social and environmental challenges. Australia has more work to do on this front.
An ‘e’ prefix tends to indicate a technological leap forward, and that’s certainly the case for ‘eHealth’. It’s helping patients manage their own health and changing their relationship with healthcare providers. So, where does that leave your bottom line? NAB’s Cameron Fuller examines the impact of technology and contemplates potentially profitable new business models.
Biometric authentication is being rolled out across various industries – and the possibilities feel endless.
Think charitable giving is the only way to make a valuable difference? Think again. You can now use your investments to help effect social and environmental change, with increasing opportunities to back projects that promise to address our world’s most pressing issues.
The trends reshaping health and the future implications for the Australian marketplace.
The transformation to a low-carbon economy is gathering pace.
The race is on to cut costs and save lives. As a nation, we have an impressive history of healthcare innovation – but what of the future? And what’s our place in the race to find new, cost-effective ways to diagnose, treat and prevent illness?
What will the new year bring in the world of business trends? Whether it’s health or agriculture, hyper local advertising or self-trained artificial intelligence, NAB has one eye on the (crystal) ball.
The craft beer industry has exploded in Australia. Four brewers explain what’s driving demand, where the sector is headed and what others entering the industry might consider.
Reduced government funding and a growing population are forcing local councils to find alternative funding for public assets and community projects. NAB has already started filling the gap, with new mechanisms opening up funding sources usually closed to small lenders.
As Australia moves beyond the mining boom, we need to secure new sources of growth to ensure our future prosperity.
A shopfront to the world: how Amazon’s arrival could spell opportunity for Australian retailers.
The faster businesses can adapt to this generation and use their skills, the better.
Research trials on two Northern Territory mango farms are investigating the potential of high resolution satellite imagery combined with fruit-scanning guns to improve productivity and farm efficiency.
The gruelling task that moving house can be was the inspiration for the online marketplace startup that’s now grown to be a household name and is attracting big investment. Business View spoke to the co-founders of Airtasker, Tim Fung and Jonathan Lui, about their journey.
Australian SMEs are confident of the future, with two thirds of millennial SMEs in particular set to expand their business over the next three years, according to a new NAB white paper released today.
When Rachel Muscat was talking to Pharrell Williams about collaborating on a new pair of Adidas sneakers, discussions were going well – until the singer dropped a bombshell.
How many of some of Australia’s most innovative entrepreneurs does it take to catch a cab? If that cab is in Beijing, it seems quite a few.
Whether Australian businesses realise it or not, China’s e-commerce giants are clearly jostling for the best position to take advantage of Australian products and services.
Cape Grim has carved a definitive space in the premium beef market, offering a grass-fed, mature protein raised in an environment the CSIRO tests as amongst some of the world’s cleanest air.
Asia’s accelerating meat demand and its proximity to Australia and New Zealand should place meat and dairy export heavyweights in good stead.
How the Internet of Things will revolutionise farm productivity.
Big data could help level the playing field for small- to medium-sized farmers. The Australian Farm Institute’s Mick Keogh and Precision Agriculture’s Andrew Whitlock discuss the opportunities and how to make the most of them.
Agronomist Peter Birch details five agricultural technologies on the radar for Australia farmers.
Our feature article in this Weekly delves into the recent slowdown in employment, which if it continued into 2017 could be the catalyst for further RBA easing.
As Australia’s population ages and ‘baby boomer’ retirements head toward their zenith in 2025, a discussion on the Retirement Risk Zone, that is the 10 years leading to retirement, is timely.
Q2 GDP growth expected to ease to 0.3% in the quarter (down from 1.1%)
This report looks into the growing trends of digitisation and how that is driving deeper partnerships with consumers. It is based on insights from industry experts, clients, NAB Health’s analysts, plus key strategy executives representing practitioners, pharmacists, and corporate health.
This is the sixth in a series of reports prepared by the Australian Centre for Financial Studies for National Australia Bank aimed at explaining the potential role of corporate bonds in retail investor portfolios and promoting growth of the corporate bond market.
A preview of the Q1 GDP data which will be released on Wednesday 1 June at 11:30 AEDT.
NAB Wellbeing Index: Around 1 in 6 “highly” anxious Australians are not coping - young women struggling most
The release of Australia’s National Accounts next week is likely to reveal a solid rate of economic growth in Q1 2015.
Nicholas Negroponte of MIT Media Lab shares on the future of technology.
In a shock revelation, the Dallas Fed has published a note on its website saying that the impact of the Chinese economy on the U.S. has notably increased over the past two decades.
The rise in oil prices overnight were not enough to prevent retail driven decline in US equity markets. The US dollar was weaker across the board and a solid 10y US Treasury auction amid a cautious mood helped core global yields move lower.
An advanced software system developed in Alice Springs called Precision Pastoral Management System (PPMS) is helping cattle farmers manage their land better by identifying areas in their production cycle that need to be improved. It could add an estimated $70,000 to the bottom line for the average rangeland cattle property.
Innovation is a key driver of business success. It’s typically defined by a firm’s knowledge of the market and customers, constant process reviews, learning from failures and passion and drive.
The recent Agricultural Competitiveness White Paper committed $4 billion to the sector but is that enough to support potential growth? Simon Talbot, CEO of the National Farmers’ Federation, discusses the gains, the gaps and why the industry needs to revisit its image.
Sally Campbell from JBWere looks at the carbon footprint considerations within fund managers’ assets, highlighting that some are more progressive than others.
NAB, in conjunction with CoreLogic (RP Data), brings you the Australian Housing Market Update for February 2016.
The rotation in economic activity towards the non-mining states is continuing, while conditions in mining states have become more challenging as commodity prices have fallen further.
Australian producers have been shielded from much tumult by a lower Australian dollar and a large and relatively stable domestic market.
In this video Alan Oster talks about the state of innovation in Australia.
Significant government reforms, shifting demographics and increased access to nationwide health data will underpin opportunities – both foreign and domestic – for Australian healthcare providers in 2016. NAB’s Paul Littleton and Dean Pearson highlight the key trends.
NAB’s Dean Pearson shares his economic outlook for small-to-medium business owners in 2016 as Australia prepares for life after the mining boom.
There are plenty of opportunities for agribusiness in 2016. Four agri specialists from NAB – Khan Horne, Phin Ziebell, Greg Noonan and Rodd Ludeman, share their predictions.
There have been some volatile shifts in the global economy recently, prompting pessimists to declare that there’s a 50–50 chance of Australia going into recession. However, a closer look at the numbers behind the forecasts shows there’s plenty of reason for optimism.
The December Housing market updates shows the highest annual growth rates are still being recorded in Sydney and Melbourne.
From real-time payment processing to seamless reconciliation, the New Payments Platform (NPP) will transform the way we transact and do business. Eric Tsang, Head of Group Payments Development at NAB, discusses the potential of this world-leading Australian initiative.
Managing chronic conditions is a complex process. GP Tim Koh, co-owner of the Ocean Keys Family Practice in Western Australia, discusses how a multidisciplinary approach can help patients to take better care of themselves and why a GP is best placed to co-ordinate the team.
The latest edition of Business View magazine is now available to download for free on iPad and iPad mini via our app, NAB Think.
The housing market appears to be moving through an inflection point with the rate of capital gain reducing over the past three months.
Charitable giving in Australia grew in the year to August, with people continuing to give more to charity despite persistent doubt about the economy. Overall giving to charity grew by 4.9 per cent in the 12 months to August 2015. However, this is down from growth of 7.8 per cent the previous year.
According to a recent report from Deloitte Access Economics, Digital Government Transformation, governments have already adopted a range of digital innovations and are gradually moving services online. However, they’re lagging behind both the private sector and their own customers.
Health represents one of the largest and fastest growing sectors of the Australian economy. This insight paper has been prepared by NAB Health to address current issues and trends emerging in the Australian Aged Care Services sector.
Economic activity is shifting back to the eastern seaboard as the economy transitions towards non-mining sources of growth with domestic demand will be strongest in New South Wales and Victoria.
Indonesia is Australia’s 11th-largest export market and 12th-largest trading partner. From what to wear to business meetings to how best to manage the decision-making process, we share tips to help Australian businesses prepare for opportunities within the world’s 16th-largest economy.
Telstra has now invested $237 million in 17 healthcare industry acquisitions, investments and partnerships in order to roll out numerous eHealth initiatives, with the ambition of establishing itself as Australia’s leading eHealth provider.
With today’s school students entering a highly competitive workforce, gaining exposure to businesses throughout their school years is more important than ever.
The value of education as an export for Australia is set to boom as the country taps into the soaring growth in demand by international students in Asia and beyond.
The Brosnans used innovative technology to create a 1,300-sow piggery that’s efficient, humane and powered by electricity generated from pig manure and other waste products. We look at how they’re leading the way with their sustainable, whole-of-farm approach.
NAB Health shares insights into the changing landscape of the health sector in Australia, providing findings from customers and key sector strategy executives for Practitioners and Specialists, Pharmacy and Corporate Health.
Australian companies are leading the world in their use of online freelancers. Kyri Theos, Australian Country Manager of Upwork, and Toby Jenkins, co-founder and CEO of Bluewire Media, discuss how having international access to millions of skilled people could change the way we do business.
NAB joins with the Australian Centre for Financial Studies to launch their report ‘Improving access to the Corporate Bond market for retail investors’ which assesses where the market currently is, the factors affecting its growth, and the impediments to connecting investors and issuers.
As economic and consumer dynamics change, Australia’s charities are looking for new ways to earn a buck. Andrew Loveridge, Head of Government, Education and Community Business, and Nicole Brasz, Marketing and Fundraising Director at Save the Children, discuss the brave new world of fundraising.
NAB recently hosted a breakfast to share insights from the NAB Charitable Giving Index report. Panellists discuss the impact of the economy on giving, giving trends, and how charities are leveraging data and digital channels.
Three successful CEOs talk about the most significant challenges they’ve faced in growing their businesses and managing their own careers. Radek Sali from Swisse, Liz Butcher from ISGM and Nick Abboud from Dick Smith shared their experiences at World Business Forum with facilitator Professor Geoff Martin from Melbourne University.
The divergence between mining and non-mining state economies continues, although with mining investment now winding down it is the major non-mining economies that are starting to outperform. Budget positions improving but focus remains on reducing expenditure.
Since 2008, global quinoa consumption has rapidly increased. In Australia, planting has been concentrated largely in Western Australia. While there are potential benefits from diversification for wheat producers, concerns remain around reliability of yield, weed control and marketing.
A recent survey of over 5,000 farming customers found that 74 per cent had made changes to their businesses as a result of natural resource sustainability in the past two to three years. NAB is stepping up its recognition of the benefits of sustainable business practices.
2015 could be a very good year for agribusiness, with easier access to Asian markets and favourable economic conditions. Five of NAB’s leading commentators take a close look at the opportunities and share their tips on how to make the most of them.
2015 could stand out as a year of change for the health sector – so where do the best opportunities lie? Dean Pearson, NAB’s Head of Industry Analysis, and Melissa Timbs, Senior Policy Advisor - NAB Health, look at how the changes could work in your favour.
Infrastructure Partnerships Australia estimates that $700 billion of funding is needed over the next decade to finance the long term infrastructure investments – the nation building – we need to secure our future. We look at the building blocks that are falling into place.
The World in Gala Dinner evening, inspired by The Economist's annual The World In... publication, returned to Sydney last night. Helen Clark, UN Development Programme Administrator, shared how the UN is mobilising the expertise and ideas countries need to drive sustainable development.
The World in Gala Dinner evening, inspired by The Economist's annual The World In... publication, returned to Sydney last night. China Business Editor and Shanghai Bureau Chief, Vijay V Vaitheeswaran, shared the publication’s key predictions for 2015.
The World in Gala Dinner evening, inspired by The Economist's annual The World In... publication, returned to Sydney last night. Daniel Franklin, Executive Editor of The Economist and Editor of 'The World In…', shares his annual collection of forecasts for the year ahead.
Following the signing of the China-Australia Free-Trade Agreement yesterday, NAB General Manager Agribusiness, Khan Horne said dairy, beef, lamb, wine, horticulture, grains and seafood are some of the sectors set to benefit, and that it's an exciting for many farmers across the country.
Changes to the financial sector’s Basel III rules are making it expensive for councils to borrow from banks. NAB’s James Waddell explains how the Local Government Funding Vehicle (LGFV) will create efficiencies, reduce borrowing costs and open up new avenues for local council finance.
Residential electricity prices consist of wholesale, network, environmental policies (such as the Renewable Energy Target), and retail costs and margins. In Q3, wholesale costs were affected by the removal of the carbon tax as well as changes to regulated prices in some States.
Could Australia become “the food bowl of Asia”? NAB’s Frank Drum and Ben Matigian look at the infrastructure gap in Australian agriculture and the potential for strategic investment in the sector.
Speaking at the BeefEx conference on the Gold Coast today, NAB’s Regional Head of Food and Agribusiness, Patrick Vizzone, explained that China is changing how it does business and the shift in thinking from self-sufficiency to trade provides a massive opportunity for beef exporters.
After co-founding the first privately run specialist veterinary practice in Sydney, Dr Sarah Goldsmid swam against the tide of the GFC and expanded her business. A finalist in last year’s Telstra Business Women’s Awards, she explains how a passion for surgery continues to drive her success.
The Australia China Business Council (ACBC) promotes trade and investment between Australia and China. National President, Duncan Calder reflects on this critical partnership as China’s burgeoning economy fuels unprecedented demand for Australian supplies and services.
Following a recent NAB-hosted roundtable event on Social Impact Investing, The Australian Financial Review today released editorial covering the topic from two journalists who were in attendance, James Dunn and Jonathan Shapiro.
With imports and exports worth $9 billion and $19 billion respectively, the Republic of Korea is Australia’s fourth-largest trading partner. We share tips to help Australian business prepare for opportunities in South Korea.
China accounts for a staggering 43 per cent of the projected increase in global agrifood demand over the next 35 years, and Australian agribusinesses are positioning themselves now to seize the business opportunities.
Barwon Health’s Volunteers Services Director sees volunteers as community advocates who enhance the healthcare experience of consumers. Recognised at the 2014 NAB Women’s Agenda Leadership Awards, Zoe Waters is now taking her message to a wider audience.
Keen to encourage young people to enter the sheep, meat and wool industry, Don and Pam Mudford changed the way they did business to better suit the next generation. Don opens up about his family’s commitment to breeding hardier sheep and the challenge of encouraging young people into farming.
The inaugural NAB Australian Business Diversity Index is a new addition to NAB’s Quarterly Business Survey, and it aims to help Australian industries and businesses better understand diversity performance, in an effort to drive change.
Australia’s Federal system of Government makes State Governments a critical part of the overall fiscal and economic performance of Australia. This handbook is intended to provide a comprehensive update and reference tool on both the economies and fiscal finances for each State.
In the wake of Japfa Comfeed Indonesia’s acquisition of two Top End cattle stations Samuel Wibisono, Japfa’s GM Beef Division, explains the opportunities and challenges for Australian beef exporters into a growing Indonesian market.
Clinical trials provide access to new treatments, contribute to Australia’s economy and support our public sector institutions. Dr Brendan Shaw, Medicines Australia Chief Executive, discusses the challenges and opportunities that are shaping our innovative medicines industry.
In 40 years, about a quarter of Australia’s population will be over 65. Michael Bassingthwaighte, CEO of Peoplecare, explains how a closer relationship between private health funds and GPs could improve patient wellbeing and manage increasing costs.
Many things have changed since Malcolm Knight’s grandfather ran Golden Wattle farm, but the family’s commitment to the community is stronger than ever. Knight discusses the changes, the challenges, and a welcome trend for more young people to return to the family farm.
With information about prices, market trends and the supply chain, farmers can plan more effectively and run a more profitable business. Mick Keogh, Executive Director of the Australian Farm Institute (AFI), explains the importance of statistics and where to find the most useful ones.
Australian businesses are increasingly exporting to Asia. Business View talks to Thermal Electric Elements (TEE), a manufacturer of custom-made heating units and elements, about their journey east and the impact it’s had on their business so far.
Facebook can be good for business, but many business owners aren’t sure how to use it effectively. Steve Hibberd, co-founder of Tiger Pistol, discusses ways to make the most of Facebook by getting your message to the right people, as well as a special offer for NAB Business customers.
Michael Worthington, Chief Executive Officer of PMA Australia-New Zealand, says the produce sector is ripe with fresh opportunities for fruit and vegetables growers of all sizes – as long as they keep pace with their customers’ changing needs.
While China remains our biggest trading partner, other emerging Asian nations – including ASEAN, Hong Kong, South Korea and Taiwan – are critical sources of imports and exports for Aussie SMEs. Understanding these regional economies and their distinct differences is critical.
In this edition, Business View magazine highlights the success of businesses working with, inspired and supported by family. Our cover story features how Mildura Brewery owners Stefano de Pieri and wife Donata Carrazza successfully blend family and business.
Technology has changed virtually every part of our lives: how we interact with friends and family, how we raise our children, how we announce major life news, how we find love, and how we manage our careers. Randi Zuckerberg explores the exciting developments in technology.
Good ideas with no execution ends in no results. There are seven simple tools for developing a culture of excellent execution, says global business and leadership consultant Ram Charan. He has worked extensively with some of the world’s leading corporates.
Gary Hamel, visiting Professor of Strategic and International Management at London Business School, electrified the World Business Forum audience with his new and radical vision of change management and how companies can restructure.
Australia’s 25th Prime Minister, the Hon. John Howard, spoke at the World Business Forum about how political contexts shape economic climates, sharing his optimistic outlook for Australia and the US and the challenges ahead for China.
In today’s increasingly digitised world, consumers are sharing data in unprecedented ways. Andreas Weigend, a Professor at Stanford University, has coined the term Social Data Revolution to represent this deep shift in how people make purchasing and lifestyle decisions.
Our leading team of economists have broken-down how the 2014 Federal Budget impacts Australian small business. As well as analysis, we outline the key initiatives and how the industry is responding.
Our leading team of economists have broken-down how the 2014 Federal Budget impacts Australian business. As well as analysis, we outline the key initiatives and how the industry is responding.
NAB’s Group Chief Economist Alan Oster provides his overall summary of Joe Hockey’s 2014 Federal Budget, including his initial thoughts, how it could impact small and large business, and the wider economic implications for the Australian economy.
There’s a lot of change in this year’s budget, so understanding how the Federal Budget impacts you and your business can be challenging. That’s why our team of economists and industry experts have been working around the clock to break it down.
Patrick Vizzone, Regional Head of Food & Agribusiness, Asia, Institutional Banking reflects on how the outcomes of last November’s Third Plenary Session of China’s Communist Party’s Central Committee may shape the Australian agriculture sector.
Robots are on the march. Most of them work on assembly lines, building cars, making electronic devices and processing food, drugs and chemicals. But robots are spreading beyond the factory - a trend that will accelerate in 2014.
Australia’s role in securing the food, water and supply chains of Asia will be dependent on our ability to embrace change and innovation. Dr. Ken Henry looks at the opportunities that exist for Australian businesses in the Asian century.
Software and services firms will have a good year in 2014 according to The Economist Intelligence Unit. Software spending by businesses and government will rise by 6.2%, while the canny consultants who explain how to use the stuff will enjoy revenue gain of 5.7%.
The internet has always been the enemy of music executives, facilitating piracy, denting cd sales and encouraging people to download single songs instead of buying them by the dozen. But it will give executives something to sing about in 2014.
In 2014, Asia will lead the way with outbound tourism growing by 7.9% according to The Economist Intelligence Unit. Whilst tourism worldwide will grow by a strong 5.3% in 2014, the biggest increase since 2010.
More than $1trn will be spent on hardware, including telecommunications gear, in 2014 with tablets expected to grow by 40%, according to The Economist Intelligence Unit. Salespeople, executives and even doctors will find ever more uses for portable screens.
Australia is on track to be the third largest exporter of raw cotton in the world in 2013-14, with forecasts of just under one million tonnes according to the latest Rural Commodities Wrap. The AUD is forecast to track lower which should provide further benefits to exporters.
Toyota has announced it would terminate automotive manufacturing operations in Australia by the end of 2017. Ford and General Motors (Holden) previously announced they would close their operations in 2016. The strength of the AUD has weighed heavily on an already struggling industry
Robots are rapidly moving out of science fiction and on to the farm. Salah Sukkarieh, Professor of Robotics and Intelligence Systems at the University of Sydney, says they could soon be helping farmers to cut costs and increase yield - and that now is the time to prepare.
There’s been a lot for Aussie businesses to talk about recently - from community newspapers to consumption of whiskey. Here's a selection of recent business insights to help you uncover the opportunities across all business sectors.
There’s been a lot for Aussie businesses to talk about so far in 2014 - from weather predictions to our reading habits. Here’s a selection of recent business insights to help you uncover the opportunities across all business sectors in 2014.
As our population ages and demand for facility management services increases, hospitals are doing their best to manage costs. Ivan Fernandez, Industry Director at Frost & Sullivan, suggests ways for facility management providers to identify new opportunities and overcome challenges.
We expect Q4 underlying inflation to print at 0.6% (2.3% through the year) on Wednesday. This would be the fifth successive outcome in the bottom half of the RBA target range. Subdued wages growth and weak domestic demand continue to keep core inflation well under control.
The limp performance of metals and bulk commodities over the past couple of years has resembled a unicycle rather than the superbike of previous years. According to Simon Wright of The Economist, the 2014 outlook for demand is rosier and commodity prices should start climbing once again.
Some of the world’s fastest-growing economies in 2014 will be in Africa. Since 2001, Africa’s GDP has expanded more quickly each year than the global average. In the past decade, only the block of developing Asian economies, led by China, has grown faster than Africa.
Start to prepare for a new era in the Australian Chinese relationship. Well within five years, instead of simply looking at Chinese manufacturing, Australia will look at the tourist bookings due to a very big rise in Chinese tourism.
As many SMEs might be a million miles away from the mining and resources sector, it’s easy to think it’s all completely irrelevant. That’s not the case. It’s important that you're aware of the general direction of the industry because it can affect your own business.
Through our partnership with Kochie’s Business Builders, David Koch speaks with NAB Chief Economist of Markets, Rob Henderson about his outlook for 2014. Join them as they discuss some of the big trends in the economy that may impact small business.
This year in business there's more to talk about.
Smartphones and tablets are old news. The New Year promises tantalising prospects when it comes to new technology and innovation. Business Spectator explores the top five new technologies set to send pulses racing in 2014.
There are strong opportunities for Australian agribusinesses as key Asian markets are increasingly demanding high quality, safe and healthy food.
Farmers’ Markets are helping to bridge the gap between the city and the farm. Jane Adams, National Representative of the Australian Farmers’ Markets Association, explains how farmers can benefit from selling directly to their consumers.
The 2011 Agricultural Census reveals an evolving sector - in terms of both farm and farmer. With bigger farms and more sophisticated owners to contend with, service providers need to prepare for a new and challenging landscape.
Wine sales in China are expected to increase 50 percent between 2013 and 2016. Australian wine producers have the opportunity to differentiate themselves from international competitors by concentrating on marketing more premium vintages in China.
In this edition of Corporate Finance Insights we focus on the value that can be unlocked in managing working capital, hear perspectives from industry leaders and share insight from NAB specialists into the major trends and opportunities for working capital management.
More than a third of Australia’s general practitioners, nurses and specialists are over the age of 50, so what will happen when they all retire? Dr Henry Cutler, Director, Head of Health Economics at KPMG, discusses possible skills shortages and ways to ameliorate any emerging problems.
The Patient-Centred Medical Home (PCMH) could improve overall population health and lower the cost of healthcare. Dr Eleanor Chew, Vice President of the Royal Australian College of General Practitioners, explains the benefits of a voluntary system where one GP co-ordinates patient care.
Four years ago, John Gladigau joined forces with fellow farmer Robin Schaefer to create a new business, Bulla Burra. Here Gladigau explains how the collaboration has led to improved efficiency, economies of scale and even a better lifestyle.
Telehealth could provide many Australians with easier access to healthcare, monitor chronic illnesses more effectively and assist the ageing population. Dr James Freeman (pictured) founded GP2U to remove logistical obstacles to the uptake of telehealth, but other challenges remain.
As the war for talent intensifies, business owners with an eye on the future are nurturing older workers. Michael Hyatt, Director, Human Capital Advisory at Deloitte Australia, discusses the benefits of maturity and the importance of harnessing skills and experience.
We had already been forecasting a 25bps rate cut in August to 2½% and with the Governor giving the green light for lower interest rates this now looks a sure thing. We now also expect an additional 25bps cut to 2.25% before year end – most likely in November after the Q3 CPI.
According to the 2011 Census, the Health Care and Social Assistance industry is now Australia’s biggest employer. The Australian Healthcare & Hospitals Association’s Andrew McAuliffe discusses increasing demand, unequal growth and opportunities for innovation.
Agriculture in Australia has an exciting future. The changing landscape of Australian agriculture is creating a raft of opportunities across the sector and for the first time in years, agricultural student enrolments are up, and quite significantly.
The NBN will make it possible for more employees to work anywhere - could that be good for your business? Dr Yvette Blount, Research Coordinator of Macquarie University’s Anywhere Working Research Network, discusses the benefits and obstacles you might want to consider.
NAB’s Chief Economist, Alan Oster provides a pre-budget overview of the Australian housing market and the outlook for interest rates. Join us on Wednesday 15 May for a full budget breakdown.
NAB’s Chief Economist, Alan Oster provides a pre-budget overview of the Australian economy focussing on what we’ve already seen from the Government and commentary on the deficit. Join us on Wednesday 15 May for a full budget breakdown.
With little indication of inflation pressures emerging in the early months of 2013, we expect the CPI release (due 24 April) to confirm that underlying inflation remained subdued in March quarter 2013. We see underlying inflation remaining within the RBA’s target over the medium to longer…
This month in Agribusiness View, we have an in-depth talk with food producer Maggie Beer, hear about Asia’s growing demand for milk and dairy products, and learn how grain growers can manage their risk. We also give you a new view on women in the agricultural industry.
We expect the December quarter CPI release (due 23 January) to confirm that inflationary pressures remained moderate in the final months of 2012. We expect a core inflation rate of 0.7% (2.4% through the year; including the impact of carbon), unchanged from the September quarter...
RBA now expected to cut by 75 points to 2¼% as economy struggles. With the economy continuing to weaken and unemployment set to rise noticeably through 2013 the RBA will need to cut significantly further than previously expected in 2013.
This edition explores key topics and issues which have real potential for impact on manufacturers and the concept of optimisation in the context of business models, capital structure, funding profiles, working capital efficiency, approach to risk management and cost base.
Global economy slowing but recent advanced economy surveys show stabilisation. Broad-based slowing under way across emerging economies. Global forecasts a touch lower in 2013 but risks remain (US “fiscal cliff”). Australian economy softening to below trend amid restructuring stresses.
NAB’s Global and Australian Forecast provides a monthly snapshot of NAB’s global and domestic economic outlook. Global economy still slowing with softening across advanced and emerging economies. Growth set to pick-up in 2013 as worst economic risks averted. Australian economy still drifting through soft patch with falling commodity prices now weighing on mining. But investment […]
Global economy slows with softening evident across advanced and emerging economies. Worst risks should be averted and global growth to pick-up slightly in 2013. Australian economy at trend but softening, while confidence helped by Euro-zone comments and lower interest rates. Labour market and orders still soft but activity to hold up sufficiently to circumvent need […]
Business conditions weaken; forward orders and other indicators of near-term demand still soft. Confidence slips further, with heightened European uncertainty seemingly outweighing relief provided from RBA rate cuts – new taxes may also be weighing on sentiment. Business conditions weakened in the June quarter, following modestly better activity over recent quarters. Official ABS data suggest […]
The most comprehensive survey of current performance as well as near-term and medium-term expectations of the non-farm business sector, based on a survey of around 1,000 small to large sized companies. Business conditions edge higher but lack of jobs growth likely to keep near-term activity fairly soft. Confidence slips back and remains below trend. Forward […]
The most comprehensive survey of current performance as well as near-term and medium-term expectations of the non-farm business sector, based on a survey of around 1,000 small to large sized companies. Despite better business conditions and improved confidence, survey still only suggestive of an economy growing at around trend. Forward indicators slightly better, implying a […]
The NAB Quarterly Business Survey is the most comprehensive survey of current performance as well as near-term and medium-term expectations of the non-farm business sector, based on a survey of around 1,000 small to large sized companies. Business conditions slump and confidence falters mid-quarter, but monthly profile points to subsequent improving trend. Hours worked strengthens […]
Increasingly, Australian agribusinesses are competing with supply from South America and Africa to feed Asia and the northern hemisphere. NAB’s 2010 Agribusiness Leader of the Year, Alan Winney, explains how to profit from this trend.
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