Since the mid-1950s, the Australian economy has moved from focusing on manufacturing and agriculture to services, says the Productivity Commission. Nine out of 10 of us now work in services and that sector accounts for about 80% of production. Is your SME considering becoming a manufacturing innovator? The field is shrinking, but that may be a […]
Supply chain risk management is the top area for Australian businesses to improve upon, according to a recent survey by the Australian Securities and Investments Commission. Alarmingly, the survey found 44% of companies surveyed were not doing anything to manage supply chain or third-party risks. In this article, we’ll explain how to audit your business for supply chain […]
For business owners, Mother Nature’s risks can feel like a looming threat always on your horizon. Natural events are a matter of ‘when’, not ‘if’. Most can be expected and planned for. That’s why we’re encouraging you to consider nature as part of your risk framework. This stance is in light of legal opinion that holds companies should foresee […]
Australians think of medical providers as their front-line defence for health issues, but who’s helping those healthcare practices to stay ‘healthy’? This article is a guide on sector-specific risk management to help protect your business. Healthcare practices’ risk factors to consider Common risks for medical practices include: A newer risk involves the use of generative […]
Environmental responsibility for manufacturers isn’t just a ‘big stick’ regulatory approach. Help is available for businesses to take the guesswork out of compliance and growing consumer demands for sustainable products and services. This article is your update on how state, national and international forces are paving the way for Australian manufacturers to reduce their carbon […]
Navigating legal changes in the construction sector is a time-consuming, yet necessary, distraction from running your business. Construction laws are complex, but they’re also evolving, so it’s important to follow updates. This is your overview of the changes on the horizon for this financial year. Focus on the national moves as well as those affecting […]
According to global research, Australia’s bushfire season is 130 days per year. Due to climate change, the number of extreme fire weather days has jumped 56% in the past four decades, but there’s plenty you can do to minimise your risks as we enter another season. Your commercial property doesn’t have to be in the […]
As an emerging technology, artificial intelligence (AI) offers a lot of potential – as well as risks – for Australia’s agricultural sector. This article details three ways to harness AI that could transform your farming operations. How demands on farmers are changing According to the United Nations (UN), the global population will reach 9.8 billion […]
Closing your business over the summer can make a lot of sense. Maybe your employees are on leave, you’re struggling with a staff shortage, it’s a quiet time of year, or you’re hankering for a break. Check these six tips to help prepare and you’ll be able to hit the ground running on your return […]
The CEO of Master Builders Australia (MBA) has likened the sector to the canary in the economic coal mine as volatility remains high in the construction industry. This is despite a slowdown in building cost increases. CoreLogic reports home-building costs eased to 0.5% in the September quarter, making it the slowest quarterly growth for eight years. That’s good news […]
