What’s at stake: Global inflation, causing weak consumer demand, particularly in China, is making life tough for New Zealand manufacturers.
Background: Soft consumer demand and geopolitical disruption is making a shift to more nimble and resilient advanced manufacturing more imperative than ever, a new report says.
Main players: Westpac Bank, industry economist Paul Clark.
Manufacturers in New Zealand are working hard, but not smart (enough) to cope with a highly inflationary environment and supply chain disruption, with output falling and liquidations in the sector on the rise.
That is the far-from-rosy picture painted by Westpac Bank in a new report on the
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What’s at stake: Global inflation, causing weak consumer demand, particularly in China, is making life tough for New Zealand manufacturers.
Background: Soft consumer demand and geopolitical disruption is making a shift to more nimble and resilient advanced manufacturing more imperative than ever, a new report says.
Main players: Westpac Bank, industry economist Paul Clark.
