On the overall economic front, it’s clear that W.A. is in a state of flux. While there is significant renewed investment in mining and talk about skills shortages, business growth is positive but on a slow growth curve. A recent CCIWA survey indicated mixed business confidence amongst CEOs and business owners around the state.
My own observations are that there is a renewed sense of vigour and positivity for the local economy. Many of the firms that simply rode the wave of the past boom while maintaining inferior strategy, business practices, services and product have simply vanished as they could not sustain themselves during the downturn. That has frequently left the stronger players in the market.(more…)