Global covid-related supply chain disruption worsens

Global covid-related supply chain disruption worsens
Port of Tauranga CEO Leonard Sampson said the port is coping. (Image: Getty)
Jenny Ruth
Briscoe Group, a major importer, said the global logistics disruption caused by the covid-19 pandemic is getting worse, not better.Mainfreight, which has freight and logistics operations around the world, said it's getting worse.Last week, the Financial Times reported there were more than 350 container ships around the world lying at anchor waiting to get into congested ports.Its handy map showed this included five container ships sitting off New Zealand ports.Our largest port, Port of Tauranga is coping although "container vessels are...

More Economy

Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024
Albanese pledges prosperity through manufacturing boost
Economy

Albanese pledges prosperity through manufacturing boost

Renewable energy and critical minerals key focus of $24 billion strategy.

AAP 04 Jul 2024
Business gloom offers inflation hope
Economy

Business gloom offers inflation hope

The New Zealand Institute of Economic Research’s (NZIER) Quarterly Survey of Business Opinion shows a continued deterioration in business confidence in the second quarter.A net 35% of firms expected a deterioration in the general economic outlook over the coming months on a seaso...

Staff reporters 02 Jul 2024