Survey Finds Mid-Sized Australian Businesses Confident About Future Reports Learn Lean Logistics
Most Businesses Cautiously Optimistic about 2013
The winter survey focused on companies with revenues no higher than $100 million, but no lower than $10 million and asked them to assess their business forecast based on challenges and conditions, as well as foreseeable revenue, how they plan to invest and cope based on challenges foreseen in early-to-mid 2013.
Nearly half of companies participating in the survey said that they felt well-prepared for what the near-future would bring with respect to business conditions, and 31% said that they expected conditions would improve in the next six months.
Not all news was glowing: some businesses were concerned with the rising costs of power in Australia, as well as the possibility of an economic slowdown in China and Japan.
The most confident businesses were: transport and logistics, business services and information, and media and technology firms.
Manufacturing, and wholesale trade and mining were the least confident businesses surveyed.
Commonwealth Banks executive GM, Symon Brewis-Weston, said that most businesses were cautious about 2013, despite their seeming enthusiasm:
"We're finding that its something of a wait-and-see period for the mid-market. The feeling is that while companies expect a moderate decline in costs and they're feeling more prepared for the future, there is little appetite for investment and major changes.”
"Companies are placing less emphasis on growth at the moment and ensuring they have the financial support required for any unforeseen challenges in the future,” he said.
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