Helping Australian business get the information they need during COVID-19
As the global response to the COVID-19 pandemic shifts, Austrade is continuing to monitor how this is affecting overseas markets, consumer trends and supply chains.
Each week, Austrade's team of trade and investment specialists compile the latest overseas market insights on Austrade's dedicated COVID-19: Support for Australian businesses website.
From the e-commerce boom in China in the wake of retail stores closing, to updates on backlogs of cargo at ports, the insights provided on this website are sourced from on-the-ground staff based overseas, in-market government updates and businesses themselves.
In South Asia, nations are emerging from lockdown, with India and Bangladesh re-opening some private offices and retail stores. In India, logistics has improved, but an overall shortage of trucks remains. Distribution has picked up since May but the cost of distribution is up by 20 per cent, Austrade reports.
In Latin America, mining has resumed, with about 80 per cent of Mexico's mining sector up-and-running again as the country continues to ease requirements on miners amid the coronavirus pandemic. In Peru, mines are resuming production, with the Institute of Mining Engineers expecting the mining sector to gradually ramp up to full production levels by the third quarter.
Austrade also continues to host webinars each week, delivered by experts that include Trade Commissioners and Austrade's Chief Economist as well as guest speakers from global companies. Recordings of previous webinars are available on the Austrade website, allowing businesses to catch up on market conditions, cross-border e-commerce, and trends in consumption.
With more than 1,100 staff located around the world, Austrade's team of trade and investment experts are using their networks, in-market sources and official notices to offer Australian businesses information on key export markets and regions.