The world resources shift from one place to another. And we are not just talking about natural resources of a specific land or territory but any type of resources that we now use. Industries all over the world can relate to how the rise and fall of the global market affected their businesses. The sun is not always shining and when it does not, it can mean a certain doom to someone. Despite the rapid rise in the world’s population, there are markets that crash because the supply and demand have shifted or that someone else has taken over their target market.
It is the plausible explanation why the Australian auto manufacturing industry just bid everyone goodbye. For a long time, Australians had been making their own cars but sadly, it has come to an end and countless employees suddenly found themselves without a job to bring in the bacon. Even foreign car brands have been shutting down production over recent years and the people are partly blaming the government for the death of the car manufacturing industry down under. The factors highlighted were high production costs, the high Australian dollar, and the continuously diminishing local market all contributed to this problem. The particular car brand, Holden, is synonymous to Australia. But foreign car makers are unbeatable and the Aussie domestic makers are nowhere near their scale.
…There has been a car industry
Recent Comments