Outlook on Manufacturing, Retail Industries is Bleak
The latest Dun & Bradstreet National Business Expectations Survey doesn’t reveal good news about Australia’s manufacturing industry.
Raising the national minimum wage was found to be a big stress inducer for the industry, with employment plans dropping and long-term investment plans slowing to prepare for lowered demand in the coming year.
Nearly 60 per cent of non-durables manufacturers expect less demand, and therefore slow growth, to be the “biggest barrier to operations,” and half of these manufacturers see the high dollar as having a negative impact on their business.
“Together with pressure from the consistently high Australian dollar, wages pressure is impacting on executives’ outlook and as a consequence businesses will be less willing to focus on long-term growth, including staff investment,” said Dun & Bradstreet Director, Adam Siddique, in a media release.
They’re not alone: according to the survey, 30 per cent of retailer executives also expect the wage increase to have the biggest impact on business operations, further burdening the troubled industry.
“Australian consumers’ conservative attitude is impacting retailers, who are attempting widespread discounting in order to shift stagnant stock. D&B’s latest consumer survey found over half of consumers are less willing to spend money on non-essentials compared with 12 months ago, while willingness to save grows,” said Mr Siddique.
Digital Leader Mobiquity Expands Into Asia-Pacific
As an international digital consulting firm, Mobiquity helps a global client base upgrade its digital banking and financial services. The company employs 1,200 team members across 50+ nationalities and serves an estimated 200+ million users each day. Recently, the company built out a digital banking experience for the Bank of the Philippines Islands’ online and mobile platforms—exemplifying its mission to help leading brands engage with technology in meaningful ways.
To highlight Mobiquity’s services, here are a few of the company’s recent accomplishments:
- Designed and developed the first FDA-approved digital medicine system
- Launched a five-star mobile ordering app
- Pioneered a cloud-based IT infrastructure that prevented bank fraud
- Built the official AWS re:Invent 2017 and 2018 mobile apps
What Makes Mobiquity Stand Out?
According to Mobiquity, it's the people that make all the difference. ‘We’re born innovators who like meaty challenges’, the company wrote. ‘We go deeper, getting to the root of your customers’ friction and creating personalised engagements that deliver much more than a digital experience alone’. Now, the company has added former Microsoft and IBM director Gustavo Quiroga to its team.
Who Is Gustavo Quiroga?
At Mobiquity, he’ll be the first Vice President of Business Development Financial Services in APAC. With years of experience in the industry, Quiroga has developed numerous tech, business, and customer experience projects: at Microsoft, he led a top Aussie Azure Data and AI specialist team, and at IBM, he applied AI and deep analytics to transform the company’s business processes, CX, and UX.
Based in Sydney, Australia, Quiroga will start to work with Mobiquity clients in Singapore, Vietnam, and the Philippines and take responsibility for expanding the company’s regional operations. ‘Our best way to impact client outcomes’, he wrote, ‘is by listening to them with an inquisitive and open mind and empowering our people to do the same’.
When notified of the announcement, Quiroga expressed excitement over his new role. ‘I’m delighted to join Mobiquity and support the company’s rapid expansion across the Asia-Pacific region. I joined Mobiquity to develop, design and implement digital products and services that create meaningful experiences with customers...and I look forward to using my expertise to develop partnerships where we can achieve this every day’.
Where Does Mobiquity Go From Here?
In the past six months, Mobiquity has hired over 100 new employees, including the high-profile additions of Howard Moore, Senior Director of Banking, and Ruby Walia, Senior Advisor for Digital Banking. This falls in line with the company’s hyper-growth strategy to deliver digital products to the world.
As Matthew Williamson, Mobiquity’s Vice President of Global Financial Services, explained: ‘Our appointment of Gustavo demonstrates [our] commitment to hiring an A-list team of talent. The latest addition to the Mobiquity team supports our vision of global growth in Asia-Pacific, as a recognised partner within the banking and finance ecosystem’.