INTHEBLACK July 2020 - Page 8



GET
SMART
JULY 2020
COMPILED BY SUSAN MULDOWNEY
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CONSUMERS
REACH FOR
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BRIBERY A RISKY BUSINESS
Almost 70 per cent of businesses say bribery or corruption is a risk
to their business, with more than a third reporting an instance of the
behaviour occurring in the past five years, according to the Deloitte
Australia and New Zealand Bribery and Corruption Report 2020.
The report is based on a
survey of 159 anonymous
respondents from a broad
range of industries, including
ASX200 and NZX50
companies. These included
Australian and New Zealand
subsidiaries of foreign
companies, public sector
organisations, not-for-profit
entities and other listed
private companies.
12 ITB July 2020
Results show 35 per cent of
respondents reported a bribery
or corruption incident in the
past five years; 17 per cent
reported it in the past year.
One in 20 said that their
leadership did not endorse
a no-tolerance approach,
and 11 per cent reported their
organisation did not
communicate their position on
bribery and corruption to staff.
KIDS
SPENDING
MORE
TIME
ONLINE
YOUNG AUSTRALIANS BETWEEN
SIX AND 13 YEARS OF AGE SPEND
A N AV E R AG E O F 10 H O U RS A W E E K
O N T H E I N T E R N E T AT H O M E , U P B Y
0.3 HOURS FROM TWO YEARS AGO.
The figures come from a new study from
Roy Morgan, which shows that even before
COVID-19 forced kids to spend more hours
indoors, they were spending more time
online at home than watching TV (9.4 hours)
or playing with or talking to friends
(9.7 hours).
Michele Levine, CEO of Roy Morgan,
says kids’ leisure time is changing rapidly.
“Perhaps more concerning in terms
of healthy lifestyles as we emerge from
lockdown is that in the last few years the
time spent playing computer/electronic
games by 10 to 13 year olds has overtaken
the time spent playing sports.”
SCOTT
FA R Q U H A R
“As leaders, we need to fight the idea that the world
should go back to the way it was. What it was is a
known state, but charting a path back to a known
state isn’t leadership.”
As COVID-19 lockdown restrictions
began to ease in May, Australians
started to slowly open their wallets.
ATLASSIAN CO-FOUNDER
In an interview with
Australian Financial
Review Magazine
Commonwealth Bank data shows that while
overall spending in the week to 8 May was
still down 2 per cent on the same week last
year, it had bounced back from mid-April, when
spending was down 20 per cent on the same
week last year.
Across the categories of food and alcohol,
card spending rose 12 per cent and 4 per cent
respectively year on year, while spending on
household furnishings and equipment jumped
53 per cent compared to levels a year earlier.
However, the bank’s data shows that year-onyear spending on transport is down 30 per cent,
clothing has declined by 30 per cent and
education is down 31 per cent. In a positive sign,
spending in each of these categories was
slightly higher than in mid-April.
20%
The growth in global
e-commerce revenue in
the first quarter of 2020.
This compares to
12 per cent growth in
the first quarter of 2019.
Source: Salesforce Q1 Shopping
Index, which analyses data from
the activity of more than
one billion global shoppers.
20
MINUTES
The amount of time spent
in a green space required
to reduce levels of the
stress hormone cortisol
by 18.5 per cent.
RANKING THE COVID-19 RESPONSE
C I T I Z E N S A C R O S S 2 3 C O U N T R I E S A R E L A R G E LY D I S S AT I S F I E D
WITH THEIR OWN GOVERNMENTS’ RESPONSES TO THE COVID-19
PANDEMIC, WITH WESTERN GOVERNMENTS FARING WORSE THAN
THEIR EASTERN COUNTERPARTS.
The Toluna-Blackbox Index of Global
Crisis Perceptions measures the
sentiments of citizens towards their
national COVID-19 crisis management
efforts across four key performance
indicators: national political leadership,
corporate leadership, community, and
the media. The findings are based on
a survey of 12,500 people across
23 countries – and just seven of the
countries gave their leaders a score of
more than 50 per cent across the key
metrics. New Zealand was the only
Western country to make it into the
top 10. Australia just missed out,
coming in 12th place.
01. CHINA 85
02. VIETNAM 77
03. UAE 59
04. INDIA 59
05. MALAYSIA 58
06. NEW ZEALAND 56
07. TAIWAN 50
08. PHILIPPINES 49
09. INDONESIA 48
10. SINGAPORE 48
Source: “Urban Nature Experiences
Reduce Stress in the Context of Daily
Life Based on Salivary Biomarkers”,
published in health journal Frontiers
in Psychology.
57%
The proportion of
Australians who expect
the economic impact
of COVID-19 to last for
more than 12 months.
Source: Melbourne Institute
intheblack.com July 2020 13

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