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Pete Findlay

👤 Speaker
295 total appearances

Appearances Over Time

Podcast Appearances

ABC Business Daily
Pete Findlay on Bega’s cost crunch

ABC Listen.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

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ABC Business Daily
Pete Findlay on Bega’s cost crunch

Alan, thank you for having me.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

Great to be here.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

Oh, look, it's reasonably significant from a cost perspective at the moment, Alan.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So we sort of look at it in two ways, the cost and then the actual supply of goods.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So we've obviously focused on trying to make sure that our supply chains are standing up.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

We do import

ABC Business Daily
Pete Findlay on Bega’s cost crunch

A lot of product and a lot of product comes through that straight.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So it's critical for us to be able to get packaging for our goods.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So all coming through there goes into a lot of our packaging products.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

From there, it goes into Asia and makes a lot of our resins for our packaging.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

A lot of chemicals for cleaning originate through those straights.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So all the big clean downs we have to have on our products.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

Our plants, every shift, a lot of inputs into rubber, so seals for a lot of our machinery and equipment sort of originates through those straights.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

The first thing's been about just making sure that we've got supply and shoring up supply with either those businesses in Asia that receive the goods and turn them into product that we use or finding supply elsewhere through either Europe or North America.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So there's a cost impost just with our traditional suppliers where we can get product.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

How much?

ABC Business Daily
Pete Findlay on Bega’s cost crunch

It varies.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

But, you know, we're seeing sort of 20%, 30%, 40% increase on those direct products, which then might sort of add a sort of an 8%, 9%, 10% increase on our products.

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