Great Scott! A cold wind blows through Australia’s logistics industry
Flogging a dead horse?
Further our recent story on The Coolstar about the increasing importance that Australia will have in supplying the food needs of China, here’s a fascinating report from the Sydney Morning Herald on one of the largest Chinese-Australian food producers, Dongfang Modern Agriculture, which exists solely to supply fruit to the markets of south-east China. It is now the largest horticulture company to be traded on Australia’s stock exchange and is registered in Australia rather than China for two reasons: the Australian capital markets are more mature; and the perception of Australian food among Chinese consumers is that it is of far higher quality than domestic produce. The winner of this trend? Transport and logistics firms able to facilitate this growing trade.
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