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Businesses have run the gamut of 2020 and emerged in various states – from just surviving the coronavirus pandemic, through to well and truly thriving. The lessons of 2020 will have many businesses in a good position to tackle the new year, BDO’s business advisers say.
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The alternative protein industry is presenting South Australian primary producers and food manufacturers with enormous growth opportunities as consumers look to plant-based options over traditional meat and dairy items.
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It is clear that in today’s business environment, defined by global interconnections and competition, the Australian manufacturing industry depends heavily on overseas markets and supply chains. Many Australian manufacturers are now asking how the industry can reduce this dependency, and what types of opportunities exist to grow and become more competitive globally.
Small and medium businesses will play a critical role in returning the South Australian economy to good health if ambitious growth targets flagged by the State Government in last week’s big-spending budget are to be met.
South Australia is a state largely dominated by small to medium private businesses. So, what will last week’s big-spending federal budget mean for the state’s economy?
COVID-19 has sped up the pace and scale of disruption to businesses this year, prompting them to undergo unprecedented digital acceleration. Since 2016, about half of respondents to BDO’s annual SA State Business Survey have reported some level of disruption from emerging technologies, but that number is expected to surge when this year’s survey kicks off next month.
The performance of the Australian and world stock markets since the shock coronavirus plunge in March has defied expectations. Is it sustainable or will continued global instability result in a second market dip and a W-shaped recovery, BDO Private Wealth Adviser Tony Simmons investigates.
