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Source: xkb.com.au
[Economic News]     26 Aug 2020
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"We are now redesigning the organization ," Simington said. This will enable us to reinvest in markets that inform development across Asia and strengthen our strategic execution. "

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"It is expected that the organizational redesign will result in a reduction of around 10 per cent, offset by investment in Asia and strategic priorities for the group as a whole. "

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"In Australia and New Zealand, we are facing a decline in Chinese-led demand ," Simington said. "

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In 2019, China was Australia's largest source of tourists, with more than 1.4 million visitors. With the spread of forest fires and the new crown epidemic in Australia, tourism has been hit hard, followed by the health care industry.

Advertisers' market behavior may reflect consumer preferences.

oOh! The chief media marketing officer Michaela Chan told the Sydney Pioneer Morning Post that the company's clients focused on luxury goods, health products, real estate and travel, vitamins, infant formula, Meluca honey and wool products.

"In 2019, Chinese consumers accounted for 24 per cent of Australian retail properties for vitamin and dietary supplements. In the second half of fiscal year 2020, the proportion fell to 16% because Chinese tourists were unable to enter and leave because of the new crown travel restrictions. "

According to the survey, Chinese consumers have the strongest consumption of dairy and health products in Australia.

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From December 2019, the focus will be on reshaping and revitalizing our supply of products in China, while working with major electronic commerce platforms to reprogram. "

"Includes product category control in Tianmao and improved consumer experience in koala sea shopping and Jingdong. "

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(Wood, Sarah)

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