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Many local businesses are experiencing the strain of seeing fewer customers through the door. When expenditure has been reigned in, planning and efficiency are areas where the bottom line can still be powerfully impacted.
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In a recent phone survey of 300 BCU members, we asked for your thoughts on the Let's Talk magazine, and for feedback on how you would like to receive information from BCU in the future.
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Generally, we believe jobs should remain here, with hard-working Aussies paid good money to do the work. But our spending history shows otherwise... Australian markets have seen a passing parade of imports from our Asian neighbours - first, there was Japan, Hong Kong, Taiwan, Korea and most recently, China.
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Economic ripples reach our shores
Recently, we have all seen evidence that Australia is not immune to the flattening of global economies which began with the US at the epicentre and has since radiated to the UK, Europe and is now being widely felt across Australia. Thanks to this ripple effect, Australia is well and truly following the rest of the world into recession. What we saw in the US six months ago is impacting Australian industry, business and consumers now.
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