supply chain disruptions

A major children’s retailer has gone bust after a bank appointed receivers to recoup their money. Last Tuesday, New Zealand business Bobux, which sells shoes for young children, collapsed. Conor McElhinney and Andrew Grenfell of insolvency…

The market downturn is taking its toll even on the most resilient Australian businesses as grocery giant Woolworths has revealed it will cut several dozen jobs. Woolworths is set to scrap 51 roles, predominantly Australia-based, as it shuts…

A building company that sensationally collapsed earlier this month after it shut down its website and abandoned its construction sites has millions more debt than was first expected. On March 7, PBS Building, a multimillion-dollar firm…

Two more building companies have collapsed less than a week after the construction sector was shaken by the collapse of a multimillion dollar firm with a foothold across three states. Queensland-based National Construction Management Pty…

A Queensland family is concerned after getting into $640,000 debt for a townhouse only to learn their builder is “teetering on the edge of ruin”.PBS Building, a multi-million dollar firm which does a mix of commercial and residential…

A prominent Australian building company spanning across three states is “teetering” on the edge of ruin, a top union member has warned. PBS Building, a multimillion dollar firm which does a mix of commercial and residential projects, is in…

Another building firm has joined a long list of casualties in the sector after it went into voluntary liquidation. Last Friday, Brisbane-based residential builder Pantha Homes Pty Ltd collapsed. Then this Tuesday, a notice was put out about…

This year is slated to be the worst in over a decade for the residential construction industry, as cash-strapped Australians opt out of building their homes, which will lead to a massive slowdown in the sector. That’s according to the…

The country’s biggest poultry producer has warned further price rises could be on the way, as inflation and the cost-of-living crisis hike up the costs of an Aussie dinner favourite. Ingham’s, like many other Aussie businesses, has faced…

A major Melbourne company connected to the building industry has collapsed owing $7.1 million, while 197 staff members have lost their jobs on the spot as a result of its demise.CDC Plumbing and Drainage announced its closure, along with…