Ports Australia reveals Australia’s five supply chain key risk areas in Productivity Commission report
Ports Australia has provided its input to the Productivity Commission’s Vulnerable Supply Chains Interim report, which details key risk areas in the nation’s supply chain.
98% of Australia’s international trade passes through ports, revealed Ports Australia in a statement.
With Australia’s heavy reliance on the maritime industry, a secure and resilient supply chain is integral to the livelihood of the Australian people and economy.
Although the Productivity Commission’s Vulnerable Supply Chains Interim Report is primarily focused on risks to specific commodities, Ports Australia’s approach takes on a comprehensive examination of vulnerabilities related to the transportation of these commodities.
Ports Australia’s feedback addresses five key risk areas, which are shipping lines, shipping routes, service provision, worker status, and critical resource and commodity procurement.
Ports Australia CEO, Mike Gallacher, spoke on the complexity of examining supply chain vulnerabilities and what is needed from here.
“The last twelve months have held witness to a challenged yet resilient Australian supply chain despite a multitude of international crises and Ports Australia appreciates this opportunity to examine how we can further bolster its stability,” Gallacher said.
“The five key risk areas Ports Australia has addressed are issues which will not go away with the end of the pandemic, or the unblocking of the Suez Canal, they will remain thorns in our side and only become bigger problems when world crises hit, meaning we need action from the top now,” he said.
“While Ports Australia and other supply chain partners detail a number of key issues and the Productivity Commission is focusing on commodities, it’s important to remember that every link, asset and vulnerability are an interconnected web which will ultimately determine the productivity of our international supply chain,” he concluded.
All key risk areas address vulnerabilities which have been realised following world events such as the COVID-19 pandemic, Suez Canal blockage, and the international seafarer crisis.