ONLINE SHOPPING BOOMS

ONLINE SHOPPING BOOMS

THE value of online orders to Australian-based businesses surged 25 per cent to $237 billion last year according to figures released by the Bureau of Statistics (ABS).

The estimate comes from orders which are received from Australian households, businesses and government, as well as orders received from overseas customers.

ABS assistant director of the Innovation and Technology Statistics Branch, Lesley Martin, says there has also been an increase in the proportion of businesses placing orders via the internet, up from 51 per cent in 2010-11 to 55 per cent in 2011-12.

"We found that 47 per cent of businesses reported that they had undertaken innovative activity during the year ended 30 June 2012," says Martin.

"Larger Australian businesses have led the charge with innovation. Three quarters of these businesses introduced, developed and/or abandoned some type of innovation during 2011-12.

"Also, large businesses were twice as likely to report the introduction of innovation than businesses with 0 to 4 persons employed," Ms Martin said.

The number of businesses that reported the introduction of at least one type of innovation has increased from 33 per cent of businesses in 2010-11, to 41 per cent of businesses in 2011-12.

"Most businesses reported that they had introduced a new organisational or managerial process," says Martin.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Crypto staking: a new way to earn passive income
Partner Content
You may be familiar with traditional ways of earning passive income such as trading sto...
Etoro
Advertisement

Related Stories

Board exodus gathers pace at The Star after O’Neill resigns as chairman

Board exodus gathers pace at The Star after O’Neill resigns as chairman

The Star Entertainment Group (ASX: SGR) is now on the hunt for a ne...

Woolworths adds controlling stake in MyDeal to cart for $218 million

Woolworths adds controlling stake in MyDeal to cart for $218 million

Woolworths (ASX: WOW) is looking to enhance its online marketplace ...

Bendigo-based Apiam Animal Health saddles up with $13.8m acquisitions

Bendigo-based Apiam Animal Health saddles up with $13.8m acquisitions

Vet services business Apiam Animal Health (ASX: AHX) has gone ...

Scrap metal recycler Sims picks up Brisbane port site for $88 million

Scrap metal recycler Sims picks up Brisbane port site for $88 million

In order to acquire one of the few remaining Brisbane sites with de...