05 Jun JOBS BACK BY CHRISTMAS; PROMISING SIGNS OF RECOVERY IN ADVERTISING AND RETAIL
Welcome to today’s business and media intelligence, with insights collected over the past 24 hours.
LOGISTICS SPECIALISTS TIME TO SHINE
- What was considered by some as a rather dull, mechanical job is turning out to be highly technical, creative and central to a company’s success – and we only needed a global pandemic to show us this. Today’s BOSS magazine in The AFR speaks to a number of logistics specialists who describe the past few months as “frantic but exciting” as they find new ways to move product around the country and across closed borders. Read the full article here. (Subscriber access)
ASIC WARNING TO DIRECTORS: CRIMINAL PROCEEDINGS REMAIN THE SAME
- ASIC says its ability to police continuous disclosure laws during COVID-19 has not been diminished by the six-month reprieve aimed at reducing shareholder class actions. Deputy chairman Daniel Crennan, QC, stressed the criminal consequences of breaching the laws remain untouched by the reforms announced by Treasurer Josh Frydenberg last week, after some “misconceptions” had emerged around the changes to continuous disclosure laws. Read the full AFR article here. (Subscriber access)
PROMISING SIGNS OF RECOVERY IN ADVERTISING AND RETAIL
- oOh!media chief executive Brendon Cook said the group was starting to see a “significant uplift in client briefing activity” for June and the third-quarter, as advertisers began to look to resume spending. Australian Community Media is also seeing early signs of improvement in advertising revenue, with Antony Catalano hoping to resume the publication of its suspended regional newspapers, subject to the advertising recovery. (Subscriber access)
- At it’s not just advertising, according to Citi, retail is another sector showing some signs of life after three months of home isolation and social distancing. Collecting data from a range of industries and activities including pedestrian foot traffic, retail traffic, road traffic, restaurant bookings, public transport use and shipping data, Citi says a recovery is evident, and there are signs of it gaining momentum. Read more in The Australian. (Subscriber access)
MORE GOOD NEWS: JOBS BACK BY CHRISTMAS
- 50 per cent of people who lost their jobs due to COVID-19 were working in sectors that will experience a V-shaped recovery or a fairly quick return, according to Boston Consulting Group. BCG expects 570,000 jobs could be re-established by December, in sectors including healthcare, public administration, utilities and essential retail. But restaurants and sporting events are a different story, with BCG predicting spending at these businesses won’t be as strong as needed to get them rehiring to pre-COVID levels. Read more of the insights in The AFR. (Subscriber access)
WHO KNEW WE’D NEED A GUIDE TO BETTER HUGS?
- We miss a lot of things from our pre-pandemic lives, especially hugs. Not only do we miss hugs, we need them, with studies showing physical affection reduces stress by calming our sympathetic nervous system. So, The New York Times asked scientists who study airborne viruses to teach us the safest way to hug – including pointing your faces in opposite directions and making sure you don’t talk or cough. Read the full article here. (Subscriber access)
Our daily briefing is not meant to be a summary of media coverage but rather, insights that may be helpful in understanding how organisations are communicating with stakeholders in a time of crisis – and what comes next. Sign up via email.