Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.
Coronavirus uncertainty and disruption is starting to affect a range of exporters. 1000 logging contractors have been laid off and this number could double according to industry experts due to disrupted shipping schedules in China. In good news, meat exporters report that the port activity is increasing, and that the distribution of perishable products is regaining traction. Forestry Industry Contractor’s Association chief executive Prue Younger is calling for the government to help the industry after a survey revealed that a third of workers have been laid off, with another third working short weeks. A similar survey is currently being run in the trucking industry to see the impact there. Forest Owners Association chairman Peter Weir reports that he is fearful these disruptions could continue for months due to a saturation of logs in China from Europe.
© 2020 KPMG, a New Zealand Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.