Featured Articles

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    Credit crunch: New RBA standards aim to reduce card payment surcharges

    Credit crunch: New RBA standards aim to reduce card payment surcharges

    In May 2016, the RBA announced new standards relating to merchant surcharges on credit and debit card schemes after a review into card payment systems identified instances of merchants charging customers excessive surcharges. Three new standards will be implemented which aim to reduce processing surcharges for consumers using card payments. The new standards will also […]

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    Delivering the goods: Consumer trends cause fast food outlets to change tactics

    Delivering the goods: Consumer trends cause fast food outlets to change tactics

    Changing consumer trends have favoured premium and healthy food produce in recent years, to the detriment of traditional fast food outlets. This trend has played out in the pizza restaurant and takeaway industry, as Pizza Hut has struggled to maintain growth as smaller pizza store operators have increasingly offered premium produce. However, Domino’s Pizza has […]

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    Flying high: Domestic airlines are lifting off again as capacity falls

    Flying high: Domestic airlines are lifting off again as capacity falls

    Qantas Airways Limited and Virgin Australia Holdings Limited, Australia’s largest two domestic carriers, were locked in an aggressive price-based competition over most of the past five years, vying for greater market share in the domestic airlines industry. This price war slowed in mid-2015 due to losses in 2013-14 (and in 2014-15 for Virgin), which caused […]

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    Saving their bacon: Pig farmers are shifting focus to beat cheap imports

    Saving their bacon: Pig farmers are shifting focus to beat cheap imports

    Although the beef cattle farming industry has enjoyed strong revenue growth and widespread media attention over the past five years, few have noticed the pig farming industry. Over the past five years, the pig farming industry has, in fact, quietly outperformed the beef cattle farming industry in terms of revenue growth. Over the period, mounting […]

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    Clear waters ahead: Increased defence spending set to benefit shipbuilders

    Clear waters ahead: Increased defence spending set to benefit shipbuilders

    Defence spending has rebounded over the past five years, following significant cuts in 2010-11. Since 2013-14, the Federal Government has made strong commitments to boost defence spending over the next decade. The Defence White Paper, released in February 2016, has outlined the Federal Government’s intention to support Australian shipbuilding firms. Contracts awarded to Australian companies […]

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    Surgical precision: Medical manufacturing protected from offshoring due to specialty products

    Surgical precision: Medical manufacturing protected from offshoring due to specialty products

    Australia’s manufacturing division has struggled over the past five years as declining prices brought about by increasing import penetration have negatively influenced revenue. Competition from overseas producers has been amplified by amendments to the Customs Tariff Act 1995, which have reduced duty rates on many manufactured goods produced offshore from 10% to 5% from January […]

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    Turn it up: New digital platforms increase competition for radio broadcasters

    Turn it up: New digital platforms increase competition for radio broadcasters

    The Australian radio broadcasting industry has experienced intense competition over the past five years, as music streaming services surged in popularity. This competition is expected to intensify over the next five years, as broadcasters compete for both listeners and revenue. Music streaming services offer consumers instant access to listening content of their choice, with a […]

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    Report Card on Company Profitability in 2015

    Report Card on Company Profitability in 2015

    When looking at the profitability of the nation’s largest companies, as IBISWorld does each year, the picture can be worrying. In its latest analysis of the 1,467 large companies that account for over 38% of the nation’s $4.8 trillion revenue in 2015, IBISWorld found that 22% ran at a loss over a five-year period. Revenue […]

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    The big cheese: Private-label cheese manufacturing contracts are increasing competition

    The big cheese: Private-label cheese manufacturing contracts are increasing competition

    Consumer preferences have led companies in the cheese manufacturing industry to adjust their product mixes. Manufacturing has been moving away from traditional cheeses, such as cheddar, towards specialty types, such as feta and goat’s cheese. Supermarkets have been taking advantage of these trends, ramping up marketing for private-label specialty cheeses. This trend is increasing competition […]

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    Exceptional exporters: IBISWorld reveals nation’s top 20 industries by growth in exports

    Exceptional exporters: IBISWorld reveals nation’s top 20 industries by growth in exports

    Against the backdrop of free trade agreements, IBISWorld has compiled a list of the nation’s top 20 industries by growth in exports over the five years through 2015-16. According to IBISWorld, the top 20 exporting industries by growth in merchandise exports, excluding services, are estimated to be worth $22.3 billion in 2015-16. Merchandise trade, which […]