Trends in sourcing

As a recent new holder of MYR like many of us I am optimistic that the company will survive.

Its excellent online sales portal and iconic status for middle/middle upper class Australians will assist, as will its good product range in categories, even if challenges remain such as physical store leasing costs (being addressed) and competition from the likes of WES' Catch and KGN among others.

When buying Christmas presents, I noted how a goodly amount of MYR stock in store (or online) continues to be sourced from mainland China.

For instance, I purchased dinnerware. In the lower end price range, all products, whether MYR house brands like Vue or others such as Salt and Pepper all appeared top be sourced from mainland China.

There is considerable disquiet in the Oz community about that nation's bullying of us (including the cessation or close to it of crayfish, timber and wine exports from Australia to this authoritarian regime).

Presumably MYR has multi-year contracts with mainland Chinese suppliers, but for instance in crockery, Poland may be an alternative, competitively priced and good with quality supplier.

is MYR exploring sourcing more products from nations like Poland, South Korea, Philippines, Taiwan, India, Romania and Bulgaria to name a few to replace some imports from mainland China, the latter on which Australia arguably has too much reliance?

As a trusted, indeed iconic retail brand, this would be a good initiative from MYR, even though it is unlikely to be achieved overnight.