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Orica still feeling COVID-19 aftershocks


Orica still feeling COVID-19 aftershocks
The scars of COVID-19 are everywhere in Orica’s first-half result, but new CEO Sanjeev Gandhi sees lights in the gloom. 
May 13, 2021 – 4.49pm
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For most people in Orica’s home town of Melbourne, the worst of the pandemic passed long ago. But inside the explosives giant’s headquarters, the aftershocks of COVID-19 are all too real.
Newly appointed chief executive Sanjeev Gandhi points first to India, where the pandemic’s terrible toll threatens both Orica’s team on the ground and the prospects for Australian coal miners Orica sells too.
The group’s results for the half year to March 31 shows other scars – depressed demand in Indonesia and Mexico due to lockdowns, interruptions in Latin America, inflated supply chain costs and projects postponed in Norway and the Middle East. ....

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