Why business is optimistic about the omicron wave

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CEOs and chairmen from a diverse range of industries are looking past the omicron wave of COVID-19 to the normalisation of the Australian economy.

Business leaders from industries as diverse as biotechnology, industrial services, rare earths mining, fast food, logistics and consulting are optimistic that theCEOs and chairmen from CSL, Seven Group Holdings, Lynas Rare Earths, Collins Foods, Silk Logistics and a senior partner from McKinseyCo, who spoke to Chanticleer, were not critical of the federal and state government responses to the omicron wave.

“You could make a case that the severity of the impact to the economy has been driven as much by the policies surrounding close contacts and isolation, and that’s something that isn’t done as significantly internationally.“Therefore, we’ve had many knock-on consequences that probably were not thought through or not anticipated. But the government’s now trying to finesse some of the policy settings to make them less impactful on the broader economy.

McNamee says the supply chain disruptions and labour shortages are part of the transition to living with COVID-19. “We are definitely seeing disruption to the local supply chain from workers here and there not being available,” he says.“But in the global supply chain, there’s just this massive step up in global activity – every region seemingly around the world is growing.”

“From an Australian perspective versus other developed nations, I think we’ve managed extremely well,” he says.

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