The Australian economy is facing headwinds for the remainder of 2016 and into 2017 following the decline in commodity prices. Local bankruptcies are expected to rise by 8%, according to Atradius forecasting, so it makes good business sense to look for ways to reduce risk exposure to let the company trade confidently. Australian businesses must start implementing strategies to avoid being another bankruptcy statistic.
Its no secret that business risks have significantly increased this year. We have seen low commodity prices continue, which is affecting the economic outlook of Australias commodity-dependent environment, where commodity-related exports account for more than 60% of the total exp…
Read the full article at: http://www.smartcompany.com.au/finance/75373-smes-heed-warnings-rising-insolvencies/
