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“Stay alert” call to business as coronavirus impacts spread across NZ economy

By 14 February 2020August 13th, 2021No Comments

Importers and exporters should talk to their shippers – both sea and air – and keep informed as knock-on effects of China’s coronavirus hit New Zealand.

Auckland Business Chamber head Michael Barnett said the plight of the education sector and its impact on many NZ communities was acknowledged.

With around 6500 Chinese students enrolled to study here still in China, the flow through will have a wide impact on many small and medium businesses in New Zealand.

“Other than the education sector the Chamber has seen mixed outcomes to date where in some cases there are significant reductions in volumes but in others there has been an almost panic buy and distribution where access is still available,” said Barnett.

Staying alert and flexible to the shifts was important:

  • Perishable goods export orders had been affected and some airfreight flights had been cancelled.
  • On the China side there are less people working so there are delays in processing imports at the border and delays in distribution.
  • Shipping congestion at the Chinese ports is a reality – which may impose a cost on NZ exporters. However, some shipping companies were offering destination changes at no cost in order to assist exporters.
  • For NZ importers, supplies are being delayed out of China which may have an impact on local manufacturers.
  • For those associated with medical products there is an increase in demand but a difficulty in distribution on the China side.

Barnett noted comments of Finance Minister Grant Robertson that agencies were assessing the potential economic impacts of the coronavirus outbreak. “We are taking this very seriously,” Robertson told the expenditure select committee. “We are in a very strong position to respond.”

It was important that business keep good records, said Barnett.

For more information contact Michael Barnett, mobile: 0275 631 150.
Michael Barnett, Chief Executive, Auckland Business Chamber.

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