NEWS
Atradius Regional Sector Performance Snapshots
by Trade Credit Risk | February 10, 2021 | Blog | 0 Comments
The COVID-19 pandemic has had an impact on every economy throughout the world, triggering the worst economic recession in almost a century. Whether due to lockdown orders restricting the ability to operate, staff sickness, or interrupted supply chains, the majority of...
Climate change inaction tipped to cost $100 billion annually by 2038
by Trade Credit Risk | January 27, 2021 | Blog | 0 Comments
A damning report into the economic cost of failing to act on climate change has revealed inaction could cost Australia $100 billion every year by 2038. Conducted by independent, crowdfunded non-profit Climate Council, the research states that 2019 was Australia’s...
Business Failures on the Rise
by Trade Credit Risk | January 21, 2021 | Blog | 0 Comments
Business failures on rise as ASIC data shows COVID insolvency drought breaking. Patrick Commins reports that figures from ASIC showed the first year-on-year increase in the weekly insolvency count in at least six months — a development that experts say may be a “sign...
Business collapses to accelerate as coronavirus crisis drags on, experts warn
by Trade Credit Risk | May 28, 2020 | Blog | 0 Comments
The worst could be yet to come, as months with little or no revenue take their toll. For example, Nicole Manns was the proprietor of a thriving video production house in Brisbane until Hollywood superstar Tom Hanks got COVID-19 while filming on the Gold Coast. "We...
Virgin Australia To Go Into Voluntary Administration
by Trade Credit Risk | April 22, 2020 | Blog | 0 Comments
Virgin Australia will reportedly go into voluntary administration after failing to find a way to keep the company afloat. It’s understood its board held crisis meetings Monday afternoon and an official announcement is “immiment”, following the NSW and Queensland...
Market Monitor Construction Australia 2020
by Trade Credit Risk | March 12, 2020 | Blog | 0 Comments
It is the largest non-service related industry employing more than 1.1 million people. 2019 was a difficult year for the industry with lower building activity and decreasing value added (down 5.7%). Residential construction output continued to decline due to more...
Bushfires And The Coronavirus Blamed For Kikki K Failure
by Trade Credit Risk | March 12, 2020 | Blog | 0 Comments
One of the Surf Coast's biggest business success stories has collapsed, putting some 500 jobs at risk. Stationery chain Kikki K, which was founded by former Torquay resident Kristina Karlsson, has been placed into voluntary administration. Kikki K has 65 stores in...
Spotlight to buy collapsed retail chain Harris Scarfe
by Trade Credit Risk | March 3, 2020 | Blog | 0 Comments
Collapsed department store chain Harris Scarfe has found a buyer in the Spotlight Group, but the future of its remaining stores and staff remains unclear The owner of fabric chain Spotlight and outdoor brands Anaconda and...
Housewares and furniture chain Ishka in voluntary administration
by Trade Credit Risk | February 20, 2020 | Blog | 0 Comments
Housewares and furniture chain Ishka has collapsed into voluntary administration as the malaise currently gripping the nation’s $320 billion retail sector claims another victim to add to a growing list of collapses in just the last few months. The family owned retail...
Coronavirus outbreak in China: Risks of supply chain disruption increase with time
by Trade Credit Risk | February 18, 2020 | Blog | 0 Comments
The official PMIs for January released today do not yet reflect the magnitude of the economic concerns around the ongoing coronavirus 2019-nCoV outbreak in China. However, we think that its impact on the Chinese economy and the rest of the world is not negligible. The...
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