* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 1, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Owls inspire new revolutionary noise reduction technology – KTEN

    Owls inspire new revolutionary noise reduction technology – KTEN

    New center coming to Mizzou will focus on energy research and technology – Columbia Missourian

    Mizzou Launches Innovative New Center Dedicated to Energy Research and Technology

    Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

    Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Emerging Memory and Storage Technology Market Analysis Report 2025-2034 | AI and HPC Boom Fuels Surging Demand for Fast, Low-Power Memory Devices – Yahoo Finance

    How AI and HPC Are Driving Explosive Growth in Fast, Low-Power Memory Technologies Through 2034

    Ostin Technology (OST): Volatility’s Warning or Contrarian Opportunity? – AInvest

    Ostin Technology (OST): Navigating Market Volatility – Red Flag or Hidden Opportunity?

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Owls inspire new revolutionary noise reduction technology – KTEN

    Owls inspire new revolutionary noise reduction technology – KTEN

    New center coming to Mizzou will focus on energy research and technology – Columbia Missourian

    Mizzou Launches Innovative New Center Dedicated to Energy Research and Technology

    Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

    Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Emerging Memory and Storage Technology Market Analysis Report 2025-2034 | AI and HPC Boom Fuels Surging Demand for Fast, Low-Power Memory Devices – Yahoo Finance

    How AI and HPC Are Driving Explosive Growth in Fast, Low-Power Memory Technologies Through 2034

    Ostin Technology (OST): Volatility’s Warning or Contrarian Opportunity? – AInvest

    Ostin Technology (OST): Navigating Market Volatility – Red Flag or Hidden Opportunity?

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Food & Beverage businesses face highest failure rates

March 13, 2024
in Business
Food & Beverage businesses face highest failure rates
Share on FacebookShare on Twitter

The surge in invoice defaults is ringing alarm bells amidst a landscape of mounting cost pressures for businesses. 

The latest data from the February 2024 CreditorWatch Business Risk Index (BRI) paints a sobering picture: business-to-business payment defaults have soared to record highs. Notably, the food and beverage services sector stands out as the most vulnerable to business failure, with a risk rate of 7.08 percent, underscoring the urgent need for strategic intervention.

Food & Beverage businesses face highest failure rates

This surge is directly linked to the mounting financial strains faced by Australian businesses, stemming from factors such as surging interest rates, inflation, wage hikes, labor shortages, and dwindling consumer demand amid soaring living costs.

Key Business Risk Index insights for February:

B2B trade payment defaults are now consistently above pre-COVID levels, recording a record high in February and a 47.9 per cent year-on-year increase. 

The average value of invoices for Australian businesses had a small uptick in January but is still trending down and sits 16 per cent below the February 2023 level. 

External administrations are now sitting consistently above pre-COVID levels (up 24.6 per cent year-on-year). 

Credit enquiries had a seasonal jump in February but are still trending down as trade activity declines. 

Court actions are returning to pre-COVID levels. For our latest observed month, December 2023, they are up 52.0 per cent against December 2022. 

Businesses in the food and beverage services sector remain the most at risk of business failure (7.08 per cent) by a considerable margin. Public Administration and Safety is the next riskiest industry at 5.39%, followed by Accommodation (5.09%). 

The regions with the lowest risk of business failure remain concentrated around regional Victoria, inner-Adelaide and North Queensland. Ballarat, in regional Victoria, is the top-ranked region, followed by Norwood-Payneham-St Peters in South Australia and Townsville in Queensland. 

The regions with the highest risk of business failure are around Western Sydney and South-East Queensland, with Merrylands-Guildford (NSW) the top-ranked region, followed by Bringelly-Green Valley and Canterbury, all in Western Sydney. 

On a quarterly basis, the best performing region is Nundah, in inner-Brisbane, which moved 22.0 points up the index, while Stonnington-East in inner-Melbourne recorded the biggest slide down the index – also 22.0 points.

CreditorWatch’s research underscores a worrisome trend: a strong correlation between payment defaults and business failures. With each default, the risk of insolvency looms larger, with businesses facing a 24% chance of going under within the next 12 months after just one default. This risk doubles and triples with two and three defaults, respectively.

The decline in invoice values compounds these challenges, with last month witnessing record lows. The trend persists, as highlighted by the recent ABS Business Indicators for the December quarter, indicating businesses’ anticipation of further consumer demand declines by depleting inventories.

CreditorWatch CEO, Patrick Coghlan, says the rise in B2B payment defaults and falling invoice values is a very concerning combination. “Trade payment defaults going up while invoice values decline is a real worry,” he says. “This indicates that cash reserves are being depleted and margins are being squeezed. An increasing number of businesses have less cash coming in, which means they are then finding it more difficult to pay their own suppliers and as such we are seeing a steep increase in payment defaults being registered on the CreditorWatch database. They are also cutting the size of their orders and running down inventories.” “This payment defaults data provides our members with critically important intelligence about the trading behaviour of other businesses, some of whom they could have extended credit to.”

Anneke Thompson, Chief Economist at CreditorWatch, emphasizes the Index’s portrayal of a slowing economy, corroborated by sluggish GDP growth and negative per capita GDP over consecutive quarters.

Despite a seasonal uptick in invoice values, the overarching trend reflects a broader economic slowdown, underscoring the pervasive impact of diminished consumer spending.

Keep up to date with our stories on LinkedIn, Twitter, Facebook and Instagram.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Dynamic Business – https://dynamicbusiness.com/topics/news/food-beverage-businesses-face-highest-failure-rates.html

Tags: Beverage businessesbusinesshighest
Previous Post

Oracle touts AI as major driver of Q3 gains

Next Post

Trullion: Where AI meets accounting for maximum impact

Chelsea win Club World Cup’s most absurd game yet – ESPN

Chelsea Triumphs in the Most Bizarre Club World Cup Match Ever

July 1, 2025
Analysis: China’s Economy and Its Influence on Global Markets – U.S. Bank

How China’s Economy is Shaping the Future of Global Markets

July 1, 2025
WATCH: Republicans Block Sen. Ossoff’s Amendment to Prevent Increases to Georgians’ Health Insurance Premiums – Ossoff.senate.gov

WATCH: Republicans Block Sen. Ossoff’s Bold Move to Prevent Health Insurance Premium Hikes for Georgians

July 1, 2025
Mamdani’s New York victory boosts pro-Palestine politics in US – Al Jazeera

Mamdani’s New York victory boosts pro-Palestine politics in US – Al Jazeera

July 1, 2025
Owls inspire new revolutionary noise reduction technology – KTEN

Owls inspire new revolutionary noise reduction technology – KTEN

June 30, 2025
Alexis Washington is sporting experience from the TV studio – VCU News

Alexis Washington Shines Bright with Her TV Studio Expertise

June 30, 2025
Aceso Life Science Group Enhances Governance with New Nomination Committee Appointment – TipRanks

Aceso Life Science Group Boosts Leadership with Exciting New Nomination Committee Appointment

June 30, 2025
Aceso Life Science Group Updates Board Composition and Roles – TipRanks

Aceso Life Science Group Updates Board Composition and Roles – TipRanks

June 30, 2025
59 Years Ago Today… – Corvette: Sales, News & Lifestyle – CorvetteBlogger

59 Years Ago Today… – Corvette: Sales, News & Lifestyle – CorvetteBlogger

June 30, 2025
Botafogo sack manager Paiva after Club World Cup exit – Reuters

Botafogo sack manager Paiva after Club World Cup exit – Reuters

June 30, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (700)
  • Economy (725)
  • Entertainment (21,614)
  • General (15,644)
  • Health (9,765)
  • Lifestyle (730)
  • News (22,149)
  • People (725)
  • Politics (732)
  • Science (15,942)
  • Sports (21,222)
  • Technology (15,710)
  • World (706)

Recent News

Chelsea win Club World Cup’s most absurd game yet – ESPN

Chelsea Triumphs in the Most Bizarre Club World Cup Match Ever

July 1, 2025
Analysis: China’s Economy and Its Influence on Global Markets – U.S. Bank

How China’s Economy is Shaping the Future of Global Markets

July 1, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version