Category: Articles

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High stakes: Meat processors have grown through exports

High stakes: Meat processors have grown through exports

Strong demand for Australian beef among emerging export markets has led to many meat processing companies growing in revenue over 2015-16. IBISWorld’s Top 100 Food & Beverage list, in partnership with Food & Drink Business Magazine, shows meat processors have employed differing strategies to benefit from booming international demand. While Teys Australia Pty Limited has […]

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Soaring: Booming Australian tourism is creating a need for investment

Soaring: Booming Australian tourism is creating a need for investment

The number of overseas tourists visiting Australia is expected to grow rapidly over the coming decades. Many of these tourists are anticipated to be travelling from Asia, with China likely to overtake New Zealand to become Australia’s number one inbound tourist market in 2016-17. Tourism Research Australia forecasts that Chinese tourists will be spending $20.3 […]

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Good harvest: Free trade agreements boost fruit and vegetable exports

Good harvest: Free trade agreements boost fruit and vegetable exports

Australian fresh fruit and vegetable exports have surged since the signing of several free trade agreements (FTAs) in 2014 and 2015. Deals with China, Japan and South Korea have reduced or eliminated tariffs on Australian produce entering these countries. The Japan-Australia Economic Partnership Agreement came into effect in January 2015, immediately eliminating many tariffs on […]

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Shopping around: Many shopping centres are undergoing renovations

Shopping around: Many shopping centres are undergoing renovations

Over the last couple of years, many major shopping centres have been undergoing huge makeovers and renovations to attract more patrons. As the shopping centre operators industry is currently in the mature phase of its economic life cycle, these redevelopments have aimed to stimulate revenue growth. Revenue for this industry has fluctuated over the past […]

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Rough patch: Pumpkin Patch loses out to cheaper retailers

Rough patch: Pumpkin Patch loses out to cheaper retailers

Pumpkin Patch Limited went into receivership on 26 October, and 27 of its 124 Australian stores will close by 15 November. The children’s clothing retail chain was founded in Auckland, New Zealand, in 1990. However, the bulk of its revenue has come from its Australian operations. Pumpkin Patch had previously expanded into the United Kingdom […]

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Sweet deal: Several sugar manufacturers are leaving QSL

Sweet deal: Several sugar manufacturers are leaving QSL

Australia’s sugar cane harvest is currently in full swing, with approximately 5.6 million tonnes of sugar cane expected to be milled by Mackay Sugar alone by mid-December. Nationally, an estimated 34.8 million tonnes of sugar cane will be milled for the 2015-16 season. With the harvest well underway, farmers are starting to turn their attention […]

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Give and take: Australian charities are adjusting to lower government funding

Give and take: Australian charities are adjusting to lower government funding

According to the Australian Charities and Not-For-Profits Commission, Australian charities represented $103 billion in 2014. However, government support, which is a primary source of revenue for charities and not-for-profits, has declined over the past five years and constrained revenue growth. This trend has come about as Australian governments have increasingly focused on cutting back spending. […]

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Revenue streams: New streaming services set to boost internet broadcasters

Revenue streams: New streaming services set to boost internet broadcasters

Earlier this month, Foxtel announced that it will shut down the subscription video service Presto, focusing instead on an enhanced version of Foxtel Play. The updated service is expected to be priced from $10 a month, bringing it more in line with rivals Stan and Netflix. The move is anticipated to increase competition in the […]

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At what cost: Costco is shaking up wholesale and retail industries

At what cost: Costco is shaking up wholesale and retail industries

Costco Wholesale Australia Pty Ltd, a subsidiary of the US-based chain Costco Wholesale Corporation, entered the Australian market in 2009 through a single store in Melbourne. Since then, the company has grown its presence across several retailing and wholesaling industries, and has put pressure on established supermarkets and grocery stores, grocery wholesalers and consumer goods […]

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A Business Knowledge Quiz

A Business Knowledge Quiz

In a world being flooded with information, it is not easy to know – let alone remember – most information about the environment in which our nation’s 2.1 million businesses operate. Or even maintain perspective. The following quiz is meant to be a challenging test of our general knowledge. It is too long, arguably too […]