Australia’s shipping independence has sunk
Robert Gottliebsen, Business Columnist with The Australian, regarding his recent article where he analyses that over the past 20 or 30 years Australia has based its industrial and retail base systems on a global “just in time” supply chain network.
Mr Gottliebsen writes, ‘And for the most part it worked and led to a vast array of goods at low prices arriving when required, so reducing the need for large stocks. This gave consumers greater choice, curbed our inflation and boosted corporate profits.’
‘But in the pandemic, the system broke down and became much less reliable and far more costly. Australian companies are only now starting to tell the market how they are being impacted.’
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