Interest rate rises and a steep fall in household savings mean Australia confronts a recession and food production is in the front line of industries in strife, says a company turnaround specialist.
Vantage Performance CEO Michael Fingland said the problems facing fruit and vegetable farming-manufacturing meant the sector was of greater concern than other sectors.
There are certain industries that are in a lot more strife than others construction, discretionary retail, food manufacturing but the really concerning one for me is fruit and vegetable farming-manufacturing, he said on the latest Accountants Daily podcast.
Youve got significant labour, packaging, transport increases. And then youve got a worldwide shortage of fertilisers a…
Read the full article at: https://www.accountantsdaily.com.au/business/18882-food-production-crisis-to-feed-insolvency-backlog