Less businesses with supply disruptions

This press release was published via https://www.abs.gov.au/. Please click here to access the full article.

Over a third of all businesses experienced supply chain disruptions in February 2022 (37 per cent), according to data released today by the Australian Bureau of Statistics (ABS).

ABS Head of Industry Statistics, John Shepherd, said the latest Business Conditions and Sentiments survey, conducted between 17 and 24 February, showed a reduction in the proportion of businesses experiencing supply chain issues.

“This latest data shows supply chain issues had eased compared to January where nearly half of all businesses (47 per cent) reported having them, but still remained at elevated levels compared to when the survey was last collected in April 2021 (30 per cent),” Mr Shepherd said.

The survey found the most common supply chain issue facing businesses was domestic and international delivery delays (88 per cent), while 80 per cent had supply constraints and 75 per cent had seen increased prices (including transport costs).

Businesses provided information on how these disruptions were impacting supply chains

The survey also asked businesses whether existing employees were unavailable to work due to COVID-19.

The survey showed 15 per cent of employing businesses had staff who were unavailable to work due to issues related to COVID-19, a decrease from almost a quarter of employing businesses (22 per cent) in January 2022.

“Large businesses were more than four times as likely to report these absences (58 per cent) compared to small businesses (14 per cent),” Mr Shepherd said.

“Conversely, more small businesses reported they could not cover the hours lost using existing employees (35 per cent) than large businesses (15 per cent).”

Further information is available in Business Conditions and Sentiments (Cat. No. 5676.0.55.003).

Media notes

• The data release from the survey provides insights into the financial resilience of businesses, workforce absences and supply chain impacts.

• The additional ABS products published to understand the economic impact of COVID-19 can be found on a dedicated page on the ABS website.