Australia’s supply chains proved generally resilient in response to the COVID-19 pandemic, unexpected trade restrictions, the devastating 2019-20 bushfires and 2021 floods in eastern Australia.
Nevertheless, these experiences have highlighted Australia’s and Victoria’s supply chains potential vulnerabilities, such as geopolitical (for example, a trade war), environmental (a natural disaster), economic (a financial crisis), societal (a pandemic) and infrastructure-related (a cyberattack).
For example, the floods in South Australia in January 2022 had wide ranging consequences to all sectors in Victoria and prolonged impacts to operations for some due to shortages of raw material and rail damage interrupting transportation of the materials.