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“Milk, butter, cheese – all dairy products – have to go up in cost; there is no way to sugar-coat this…Every farmer would be losing money, and if farmers can’t recoup some of their costs, there’s only one solution – they exit the industry.”
Banking & Credit Losses
“With the supply shock from the energy market disruption expected to result in higher inflation and higher interest rates, an expected slowing in economic growth will create a more challenging environment for some customers.” Market Statement, Westpac Banking Corp. Ltd
Caravan Manufacturing
“The cost of parts are so high, manufacturers are cancelling orders because they won’t make money on it…On the trade side, [the caravan industry] is very reliant on discretionary spend. Interest rate rises, inflation's going up, and so people go ‘if I haven’t got enough money for essentials, why would I buy an RV’…I think we are going to see some challenging periods for manufacturing if interest rates go up and spending starts to restrict again.” Peter Clay, General Manager, Caravan Industry Association of Australia
Dairy
"[Regarding freight] the availability and cost of additional air freight required to accelerate product shipments to China is being indirectly impacted by the Middle East conflict, with variability in capacity allocations for sea freight." Market Statement, The a2 Milk Company Ltd
“Milk, butter, cheese – all dairy products – have to go up in cost; there is no way to sugar-coat this…Every farmer would be losing money, and if farmers can’t recoup some of their costs, there’s only one solution – they exit the industry.” Joe Bradley, Director, eastAUSmilk [NSW & QLD industry body]
Alternative Routes
“Qantas continues to see strong demand for international travel to Europe as customers seek alternative routes. In response, the Group has redeployed capacity from the US and its domestic network to increase flights to Paris and Rome.” Market Statement, Qantas Group Ltd
Fuel Cost Recovery
“The effectiveness and timing of cost pass-through mechanisms vary by contract and segment. In some instances, higher fuel costs can be recovered relatively quickly. In other instances, there can be a lag before revised pricing takes effect.” Market Statement, Cleanaway Waste Management Ltd
SaaSpocalypse
“We obviously try to communicate why we feel we [Atlassian] have incredible strengths in this world…I don’t think it’s that the market is not listening, but that investors are watching the most exciting technological change that I’ve ever seen in my life flowing through very fast.” Mike Cannon-Brookes, CEO, Atlassian Corp.
Second Hand EVs
“The second-hand EV market is now reaching a sophisticated level, which was up to a few months ago, quite immature. This is now giving confidence to consumers to head in and buy an electric vehicle.” James Voortman, CEO, Australian Automotive Dealer Association
Mining
“To date, we have had no material operational impacts not just from fuel, but our overall consumables…Specifically on fuel, supplies are contracted with major oil distribution companies who continue to fulfill their obligations. Fuel represents 2% of our total costs. And while there is a current elevated pricing, it is not having a material impact on our cost base.” Lawrie Conway, CEO, Evolution Mining Ltd
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Luxury Retail
“It [this result] was delivered in a challenging and uncertain environment with low visibility and continued pressure on consumer confidence.” Armelle Poulou, CFO, Kering S.A.
"What you have to take into account is that the Middle East is quite a profitable market...If you lose 1 euro in sales, you probably lose a bit more in your margin." Cecile Cabanis, CFO, LVMH Moët Hennessy Louis Vuitton S.A.
Corporate & Investments
“A major part of my role has always been spending time with clients. My 2026 schedule has already been filled with rich dialogue with CEOs, sovereign wealth funds, pension funds, insurance CIOs, wealth managers and governments. In these conversations, I hear a consistent theme: the world feels different, not just uncertain, but different. The world is reorganising around self-reliance. AI is reshaping how we live and how we work. Private markets are a large and growing part of the capital markets.” Lawrence Fink, CEO, BlackRock Inc.
Retirement & Superannuation
“Strong retirement systems depend on deep functioning capital markets, and deep capital markets are built in part by the savings of people planning for retirement.” Lawrence Fink, CEO, BlackRock Inc.
Sports Marketing & Brand Value
As you know, sports has been a strategic priority for us for over a year now. In the Agentic era, the value of sport marketing has only increased…7 of the top 100 broadcast programs are live sports. And according to Forrester [global market research firm], CMOs [chief marketing officers] will increase their sports budget by 40% in the coming years.” Arthur Sadoun, CEO, Publicis Group S.A.
Computer Chips
“Demand for chips is outpacing supply. In response, our customers are accelerating their capacity expansion plans for 2026 and beyond, supported by long-term agreements with their customers.” Christophe Forque, CEO, ASML Holdings N.V.
Building Materials
“Quarterly volumes for the March quarter continued to show early signs of improvement across the portfolio, with the important caveat that this quarter largely preceded the current geopolitical escalation." Andrew Reding, CEO, Fletcher Building Ltd
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