In Business

Callaghan Innovation

Doubling down on R&D will help us to build back better

It can be a tough call to continue growth plans during such turbulent times. But some NZ businesses doubling down on R&D are reaping the rewards. As the struggle to contain the spread of COVID-19 around the world continues, one of the most significant global R&D efforts in history is gathering pace. The Americans call it “Operation Warp Speed”, the massive effort to develop and produce an effective COVID-19 vaccine in record time. Similar efforts are playing out everywhere. Our own government has pledged $37 million towards vaccine efforts, including developing the capacity to manufacture a vaccine locally. Based on

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Last Month In Business

The Big Short – Diversifying the Supply Chain

As we have heartbreakingly learnt, this was no SARs. The reliance on China as a mature economic power has created a perfect storm in terms of vulnerability to the global supply chain and to world-wide logistics. For most of us, this has highlighted the risk of reliance on supply chains that stretch well beyond our borders. New Zealand, while isolated at the best of times, is not alone in this unique problem. As a consequence, there is a global drive to look at ways to shorten supply chains, in particular the consideration of a shift to “onshoring”. In fact, the

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Why Spend Money on Social Media – Part Two

I recently spent some time with a group of business leaders who all had concerns about how best to use the money that was coming into their companies. One area that came up in discussion was justifying our spend on Social Media. Let us find some context for this business investment. Last week my eleven-year-old grandson was introduced to a programme on free to air television. “What are these?” he asked when the ads came on. Is it any wonder Television and print media are on a seemingly terminal decline? When kids do not even recognise a paid TV advertisement

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Strategic Resillience : How To Ensure Your Business Can Thrive Through The Next Crisis

They say hindsight is a wonderful thing…so ask yourself ‘could I have done anything differently before or during lockdown to minimise the impacts on my business?’ This may be a difficult question to answer for a lot of business owners and managers, but now is the time to reflect and take any learnings from this crisis to ensure you’re as prepared as you can be for the next one. The COVID-19 lockdown caused a huge shockwave throughout New Zealand, with businesses hit hard. Understandably, business owners went into crisis management mode – this was about trying to make sense of

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Have You Heard Of Leadership Fatigue?

Leadership Fatigue is becoming far more prevalent since COVID-19 turned our world upside down and business leaders have been forced to work harder than ever at keeping their business alive while keeping staff employed, safe and motivated. Most leaders have been focused outwards for the last eight weeks worrying about staff, their family and friends and may have barely spared a thought for themselves. The effects of this long term can be devastating and many senior executives could be suffering from Leadership Fatigue without even knowing it. That is why it is imperative you take the time to check in

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