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Australian businesses lose millions through loss of unofficial trade channel

Date Time
Australian businesses lose millions through loss of unofficial trade channel
COVID-19 lockdowns and travel restrictions have devastated the daigou market, with Australian businesses that depended on this unofficial personal shopper trade losing millions of dollars, consumer expert Professor Gary Mortimer, from QUT Business School, said.
Daigou, the personal shopper trade, losing $millions
Pre-COVID $2.5 billion worth of Australian goods went to China via daigous
Infant formula and vitamin supplement business reporting decreases in net
“Daigou tend to be Chinese nationals, often on student visas or working visas, who buy in-demand Australian products such as infant formula, health and beauty items and non-perishable foods, then post them back to extended family and others in China for a profit.

China , Australia , New-zealand , Daigou , Gansu , Chinese , Australian , Gary-mortimer , Business-school , Hh-international-holdings , Professor-gary-mortimer , Interim-report