The perfect storm? The Bus Industry Confederation talks about dealing with escalating costs and the contributing factors impacting the bus and coach industry.

The Bus Industry Confederation discusses the challenges facing the bus and coach industry in Australia. The sector has been impacted by increasing costs, procurement cycles, contractual constraints, and workforce shortages. External factors such as hyperinflation, rising material and wage costs, and supply chain uncertainty have also affected the industry. Several bus manufacturers and chassis suppliers have closed down their operations in Australia, leading to a decrease in the percentage of buses manufactured domestically. Urgent government assistance is needed to prevent further decline in the industry. The Confederation advocates for the manufacturing of zero-emission buses as a growth opportunity that aligns with emerging industries like battery manufacturing. The full details of the industry's challenges can be found in the Confederation's paper, "The Bus and Coach Supply Chain in Australia: An industry in Crisis." [Extracted from the article]