Recent Insights.
16 December 2022
Tips for businesses to survive and thrive in tough economic times
The stronger your business, the less likely it is to feel the effects of an economic downturn – or at least, the less severe those effects will be. In this blog post, we will discuss some tips that should help Australian businesses not only survive but thrive during tough economic times. We will focus on things like the disposal of surplus assets, controlling and measuring debt levels, and reducing debt where applicable. By following these tips, you should be able to keep your business afloat and even grow. The current economic climate Some industries, more than others, continue to endure...
13 December 2022
How to grow your business through mergers and acquisitions in 2023
In uncertain times, businesses have learnt to be more agile and opportunistic to survive and thrive. One way to do this is through mergers and acquisitions. By pursuing underperforming competitors or businesses with complementary capabilities, you can quickly build market share and improve your business’s bottom line. In this blog post, we will discuss some of the things you should consider when it comes to mergers and acquisitions – and where to find opportunities. Mergers and acquisitions A study by KPMG found that mergers and acquisitions were the most common form of growth for global businesses in 2021, with 2022...
7 October 2022
Blended transmission: A more viable strategy for the renewables transition
As renewables become a larger part of the global energy mix, the conversation around when to make the transition from fossil fuels has intensified. Many believe that renewables should be given an ever-growing share of the market, while others argue that renewables are not ready to shoulder the entire load. In this blog post, we will explore both sides of this debate and present a more viable strategy for the renewables transition: blended transmission. The push for renewables The push for renewables has been gaining momentum in recent years. In the US, the use of renewable energy has increased 42...
17 August 2022
Are you feeling the impact of increasing interest rates on your home loan?
Are you feeling the impact of increasing interest rates on your home loan? You’re not alone. When combined with cost-of-living pressures and the barrage of bad financial news in the media, financial stress increases as many of us feel the impacts. When it comes to your home loan, there are some proactive steps you can take right now: Don’t panic Receiving another letter to advise of another interest rate hike on your home loan can be scary. However, it’s important not to panic; take a step back and assess the impact calmly. Review When was the last time you reviewed...
28 June 2022
Inflation meaning, influences and more
Inflation is a term thrown around in the media and by economists, but what does it mean? Inflation can be defined as a sustained increase in the general level of prices for goods and services. It is measured using the Consumer Price Index (CPI), which looks at the changes in prices of a basket of goods and services over time. In this blog post, we will take a closer look at inflation, including: What is inflation? Who sets the inflation rate? What factors drive inflation? What does inflation impact? How to measure inflation What is stagflation? What is inflation? Inflation...
15 March 2022
Construction making up a quarter of insolvencies in Australia
Mitigating risk with Trade Credit Insurance Insolvencies in the Australian construction industry jumped almost 40 percent in the 3 months to December 2021 when compared to the September period, with construction making up about a quarter of insolvencies across Australia. Businesses in the industry are struggling with not only a stretch in supply chains and labour, but also the increase in the cost of materials and wages. In this blog we explore why businesses are struggling and how to mitigate risk of insolvency with trade credit insurance. Causes of insolvency in construction There are a number of reasons construction businesses...
28 January 2022
WA economic outlook for 2022
The next 12 months will be a defining period for Western Australia, as the nation’s most isolated state faces significant challenges and looks forward to new opportunities. T The last two years have been challenging across Australia, with COVID-19 wreaking havoc on business finances across the global economy. However, WA’s economic activity and geographical location have provided much-needed insulation, with economic foundations remaining strong as the state emerges into a brave new world. Let’s take a look at the economic outlook for WA in 2022 and answer some of the questions that will define the next 12 months and...
1 September 2020
Deferred loan payments: Where to next?
The six-month loan repayment deferrals are due to conclude at the end of September 2020 as Banks enter the next phase of support to assist customers. Whether you are a business or an individual who is currently under a loan deferral structure, you need to know what the next phase entails and what this means for you or your business. The next phase, for most banks, will begin on 1 October 2020, where customers who are able to start paying their loans will be required to do so. Those who are still unable to pay due to ongoing financial difficulty...
1 October 2019
Growth in the WA mining & resources sector
Australia is starting to see an upturn in the mining and resources sector after ending 2018 with a record-breaking year and continuing this growth into 2019. [1] Western Australia plays a huge part in this success, but there are plenty of discussions around the current skills shortage. In this article we explore: Growth in the mining & resources sector What jobs are available Why there is a skills shortage What we are doing to prevent it Growth in the resources and mining sector The Resources and Energy Quarterly report June 2019, released by the Australian Government, Department of Industry, Innovation...