On 16 July, the Australian Government has announced a major new program to improve skills by retraining and upskilling workers. The value of the program is up to $2.5 billion if the States and Territories match the Commonwealth government funding.
In a special survey (in German) conducted by the DIHK, over 3,000 German businesses abroad indicate an increasingly negative outlook regarding their business activities. More than eight of ten companies expect or are experiencing a diminished turnover rate.
In a global context, businesses in Australia have responded rather more positively than some of their counterparts. Over 34% of participating companies expect no change, or even an increased turnover this year.
Recently, the Australian Government presented a discussion paper “Australia’s Technology Investment Roadmap”.
AHK Australia prepared and submitted a document to this process and is looking forward to working with the Department, the Chief Scientist and other stakeholders to improve Australia’s energy system through technology investment.
With the National Hydrogen Strategy, the Federal Government of Germany is creating a coherent framework for future production, transport, and further use of hydrogen and thus for corresponding innovations and investments. It defines the steps that are necessary to help achieve the climate targets, create new value chains for the German economy and further develop international energy policy cooperation.
As we are starting to see a slow and considered re-opening of gastronomy and hotel businesses, we spoke with Louise and Reimer Moeller from our member company German Beverages Australia. The couple shared some insights on how they are weathering the storm, how they served their community in the last few months and some scenarios on how the future for the industry might look like. They also shed some light on dos and don’ts for beverage companies contemplating a move into the Australian market.
COVID-19 has impacted just about every industry in sometimes very different ways. But some industries were already in trouble before the virus broke out, such as the Australian retail sector – and those problems have compounded further. We spoke to Brad Welsman, Managing Director of our Executive Member SSI SCHAEFER, about some of those impacts felt in the logistics industry and for some of SSI SCHAEFER’s retail customers.
Manufacturing, and advanced manufacturing in particular, has been the topic of many discussions recently both on an industry and political level. COVID-19 has highlighted not only certain vulnerabilities in this area, but has shown great desire by many Australian companies to increase local production, while maintaining healthy trade relationships with overseas partners.
Our new podcast series, Sound Bites, delivers insights from the German-Australian business community. And what better way to start this series than to introduce our new Executive Director, Christoph von Spesshardt. Christoph joined us on the 1st of May, and while he can’t meet our members (and staff) in person just yet, he took the time to share a bit about himself with us.
The global economy and thus the business of German companies abroad are in a substantial crisis. Two thirds of the more than 4,000 companies surveyed by the AHKs worldwide expect the economy to deteriorate in the respective countries.
This blog will provide you with up-to-date, in-depth information about developments in our focus industries. Our team of contributors consists of experts in policy work, business consulting, German Trade and Invest (GTAI), mining and resources, and our member companies.