Bullish economic optimism among South Island businesses could soon be tempered, with nearly 50% of businesses citing the availability of skilled workers as a concern, according to the Grant Thornton International Business Report (IBR).
New Zealand is well known as a breeding ground for entrepreneurs, with 21% of businesses in this country employing between one and five staff. At this age, entrepreneurs only see opportunity, they do not fear risk.
The rapidly declining number of New Zealanders migrating to Australia is backed by soaring business confidence on this side of the Tasman compared with the “lucky country”, according to a recent Grant Thornton International Business Report (IBR).
New Zealand has soared to sixth in the world for business optimism, its highest ranking since 2010 with the mature economies of the United Kingdom and the United States starting to drive global business growth, according to new research from Grant Thornton’s International Business Report (IBR).
Strong housing markets in Auckland and Canterbury, along with the Christchurch rebuild, are masking the tough times that some businesses are facing around the rest of New Zealand.
New Zealand food and beverage producers need to ensure their operations are “bulletproof” if they want to compete in an increasingly aggressive global marketplace, an industry expert says.
Social media is now considered more important than traditional print advertising in the food and beverage industry according to the Grant Thornton International Food and Beverage report, ‘Hunger for growth: Food and Beverage looks to the future’.
New Zealand businesses are more receptive than most to the new global revenue recognition rules soon to be issued by the IASB and FASB.
The global food and beverage sector is poised for significant growth with demand expected to increase by 50% over the next 20 years, but a leading industry expert is advising New Zealand companies to be cautious.
New Zealand businesses’ contentment with their own size is one of many issues holding back productivity, and breaking this inertia is critical if New Zealand is going to generate the economic outputs and incomes expected of a world class economy.