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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

As you go through a wage cycle, you'll have to link your wages to increased costs of living.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So I suspect wages will come under pressure.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

to be elevated above normal wage increases.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So I can sort of see it seeping deeper and deeper into our cost structures and probably impacting more elements of our business than what it is currently.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

I think it'll drive inflation up.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

I'm not an economist, Alan, but I would have thought north of 5%.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

Yeah.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

Yeah, 5% to 6% would be my view.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

Just as I said, just as it spreads into our wages and into other parts of the economy.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

I don't think it's flowed fully through yet.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So if it keeps going, I would think that inflation will be 5% to 6%, maybe even higher.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

No, we don't do shrinkflation.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So we're pretty committed to our pack sizes.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

And so none of our pack sizes will be changing.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

No, I mean, I try to stay out of their business.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

I try to stay out of the business.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

I've got enough issues and enough things to worry about running Bega, Alan.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So I try not to give too much advice to some of my colleagues.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

We've just found that, you know, value is one of our key drivers in our business.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So how do we offer great product for a good price?