The delicate economic balance between cost and customer experience was under the spotlight even before COVID-19. Now, the spotlight has been amped up as Australia resets how businesses interact with consumers.
While the post-COVID-19 recovery will be difficult, it provides opportunities to develop new technologies that can generate new businesses, industries, jobs, and sustainable, low-carbon growth.
The JobKeeper scheme is progressive in that it benefits the low-paid or stood-down worker relatively more and is aligned with the notion that members of the community need to support each other along the path to physical and economic recovery.
The RBA was obliged to cut rates to 0.25%. It is right that monetary policy should be working in a co-ordinated manner with the government’s fiscal stimulus packages.
The overriding priority for most boards right now is hanging in there. But focusing on today at the expense of tomorrow is a bad approach to long-term survival.
