July 2021 - Bay of Plenty Business News
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JULY <strong>2021</strong> VOLUME 5: ISSUE 7<br />
WWW.BOPBUSINESSNEWS.CO.NZ<br />
FACEBOOK.COM/BAYOFPLENTYBUSINESSNEWS<br />
PMG POSITIONED TO ACQUIRE<br />
BETHLEHEM TOWN CENTRE<br />
See page 13<br />
intellectual property<br />
Know what you are<br />
registering, says Ben Cain<br />
P7<br />
commissioners<br />
Rare and challenging issue<br />
for Tauranga.<br />
P11<br />
wellbeing<br />
Mental health key for agri,<br />
says Craig Hudson<br />
P12<br />
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2 BAY OF PLENTY BUSINESS NEWS <strong>July</strong> <strong>2021</strong><br />
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FOR KIWI BUSINESS
<strong>July</strong> <strong>2021</strong> BAY OF PLENTY BUSINESS NEWS 3<br />
Tauranga private equity firm Oriens<br />
Capital successfully raises second fund<br />
Private equity investor Oriens Capital has raised its<br />
second fund after reaching the targeted $80 million.<br />
The fund is now accepting over subscriptions and is<br />
on target to raise $100m at close.<br />
By DAVID PORTER<br />
Following the successful capital<br />
raise for the new fund, Oriens<br />
will be increasing the size <strong>of</strong><br />
its Tauranga-based investment team<br />
from four to six.<br />
Oriens was formed in 2016 with<br />
the support <strong>of</strong> Quayside Holdings,<br />
and has successfully established itself<br />
as a leading private equity investor<br />
in mid-sized businesses. This is a<br />
section <strong>of</strong> the economy not served<br />
by most other New Zealand private<br />
equity funds.<br />
The Fund has become a key player<br />
Capital deployed in<br />
our space can make<br />
a real difference and<br />
it is very satisfying<br />
to be helping<br />
these companies<br />
achieve their growth<br />
ambitions.”<br />
– James Beale<br />
in New Zealand’s entrepreneurial<br />
infrastructure.<br />
Oriens raised $50.6 million for<br />
its first fund and has successfully<br />
deployed capital into six investments<br />
including miniature apple<br />
business Rockit Global, ag-tech<br />
business Bluelab, and market-leading<br />
manufacturing business Rhino<br />
Manufacturing<br />
Earlier this year, NZX listed company<br />
Just Life Group completed the<br />
purchase <strong>of</strong> About Health Supplements<br />
from Oriens Fund 1.<br />
Oriens Fund 2 will invest equity<br />
capital into private New Zealand<br />
businesses <strong>of</strong> between $10 million<br />
and $50 million, drawing on the<br />
networks and investment pipeline<br />
the team has built over the last five<br />
years, said Peter Tinholt, a partner <strong>of</strong><br />
Oriens.<br />
“It will aim to build a portfolio <strong>of</strong><br />
six to nine investments,” said Tinholt.<br />
The fund is likely to remain open<br />
to eligible and wholesale investors<br />
until early <strong>July</strong>, <strong>2021</strong>.<br />
Excellent investment<br />
opportunities<br />
“The section <strong>of</strong> the economy on which<br />
we focus <strong>of</strong>fers excellent opportunities<br />
to invest in and support high quality<br />
ambitious businesses with strong<br />
Oriens team members: Peter Tinholt, David Bell,<br />
and James Beale, partners. Photo/Supplied.<br />
domestic market positions and <strong>of</strong>ten<br />
untapped export opportunities,” said<br />
Tinholt.<br />
Oriens <strong>of</strong>fers capital, networks and<br />
expertise and partners with business<br />
founders and owners in both expansion<br />
capital and succession capital<br />
transactions to help these companies<br />
achieve their potential.<br />
Oriens partner James Beale said he<br />
was proud <strong>of</strong> Oriens record <strong>of</strong> success<br />
and the contribution it is making to<br />
the New Zealand economy.<br />
“Through Oriens Fund 1 in partnership<br />
with other shareholders, we<br />
have assisted in the creation <strong>of</strong> more<br />
than 120 jobs across our portfolio <strong>of</strong><br />
companies and assisted in a more than<br />
tripling <strong>of</strong> export revenue and earnings,”<br />
said Beale.<br />
“Capital deployed in our space can<br />
make a real difference and it is very<br />
satisfying to be helping these companies<br />
achieve their growth ambitions.”<br />
Oriens Capital has reported positive<br />
Fund 1 investment performance<br />
on the back <strong>of</strong> the underlying portfolio<br />
company growth.<br />
Investors in Fund 2 include specialist<br />
private equity investor Continuity<br />
Capital from Australia, community<br />
entities, charitable organisations<br />
iwi investment entities and individuals<br />
joining existing Fund 1 investors<br />
– most <strong>of</strong> which have also invested<br />
into Fund 2.<br />
26 Fourth Ave<br />
Tauranga<br />
0800 225 999<br />
LINKBUSINESS.CO.NZ<br />
Essential & Protable $995,000<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
· Established over 40 years<br />
· Large client base & market share<br />
· Average annual prot $350K<br />
· Reliable long-term staff<br />
· Generous hand over period<br />
linkbusiness.co.nz/BOP00294<br />
Mike Fraser 021 932 633<br />
mike.fraser@linkbusiness.co.nz<br />
Quality Online <strong>Business</strong> $160,000<br />
North Island<br />
· Largest online reseller <strong>of</strong> personal grooming<br />
products<br />
· Average order value <strong>of</strong> $110<br />
· Ideal for digital marketer<br />
· Outsources distribution & fullment<br />
· 4.9 star rating from 650+ reviews<br />
linkbusiness.co.nz/BOP00308<br />
Izaac Kershaw 021 0230 2377<br />
izaac.kershaw@linkbusiness.co.nz<br />
Successful Bakery $335,000<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
· Prime, high growth location<br />
· Very protable, $200K Cash Surplus<br />
· Great staff, regular customers<br />
· Often queues out the door<br />
· Superb store t-out & equipment<br />
·<br />
linkbusiness.co.nz/BOP00313<br />
Peter Redward 027 492 0453<br />
peter.redward@linkbusiness.co.nz<br />
Calling Animal Lovers $75,000<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
· High demand pet grooming salon<br />
· Easy to manage, online booking<br />
· Quality equipment & salon<br />
· Prot $40K+ for 20hrs per week<br />
· Growth potential<br />
linkbusiness.co.nz/BOP00309<br />
Lynda Smyth 021 270 4271<br />
lynda.smyth@linkbusiness.co.nz<br />
Specialty Roong<br />
Tauranga<br />
· Unique specialty<br />
· Annual turnover $500k+<br />
· Minimal overheads, cash surplus $160k+<br />
· Forward orders, domestic & commercial clients<br />
· Working owner, team <strong>of</strong> 3<br />
· Growth potential<br />
linkbusiness.co.nz/BOP00319<br />
Theresa Eagle 0221 289 0949<br />
theresa.eagle@linkbusiness.co.nz<br />
$290,000 Motorbike Franchise<br />
$786,129<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
· Established brand for 21 years<br />
· Full sales, workshop & parts operation<br />
· High prole site on a busy main road<br />
· Large database <strong>of</strong> customers<br />
· Includes stock <strong>of</strong> $421,315<br />
· High prole freehold site, also available to buy<br />
linkbusiness.co.nz/BOP00283<br />
Grant Jacobson 027 454 0432<br />
grant.jacobson@linkbusiness.co.nz<br />
Laundry $172k Prot<br />
$280,000<br />
Tauranga<br />
· Drop-<strong>of</strong>f & pick-up laundry service<br />
· Loyal commercial & residential clients<br />
· Operating 20+ yrs, streamlined processes<br />
· $172k prot - two working owners<br />
· No experience / special skills needed<br />
linkbusiness.co.nz/BOP00311<br />
Izaac Kershaw 021 0230 2377<br />
izaac.kershaw@linkbusiness.co.nz<br />
Aged Care <strong>Business</strong> FHGC $1,350,000<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
· Great reputation, waiting list to attend<br />
· Contracts with the Ministry <strong>of</strong> Health<br />
· Established 20+ yrs, fabulous staff<br />
· Tangible assets include four vehicles<br />
· Full training & support from retiring owner<br />
linkbusiness.co.nz/BOP00304<br />
Lisa Lloyd 027 685 4556<br />
lisa.lloyd@linkbusiness.co.nz<br />
5 Day Lunchbar $280,000<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
· Premium position, busy street<br />
· Average turnover $8K per week<br />
· Own the building & business making a cheap<br />
rent <strong>of</strong> only $9K per year<br />
· Baker happy to stay with new owner<br />
linkbusiness.co.nz/BOP00313<br />
Peter Redward 027 492 0453<br />
peter.redward@linkbusiness.co.nz<br />
288k Prots! Security Company $705,000<br />
Tauranga<br />
· Well established security company, fully<br />
managed<br />
· Sales & servicing <strong>of</strong> alams systems + CCTV<br />
· 24/7 monitoring station & guard patrol<br />
· Residential & commercial clients, room to<br />
expand<br />
linkbusiness.co.nz/BOP00311<br />
Izaac Kershaw 021 0230 2377<br />
izaac.kershaw@linkbusiness.co.nz<br />
Established Manufacturing $4,700,000<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
· Large database <strong>of</strong> loyal customers<br />
· 28 skilful and reliable staff<br />
· Average $10M+ turnover per year<br />
· Prots on average $1.3M+ per year to 2<br />
working owners<br />
· Extended “handover” period<br />
linkbusiness.co.nz/BOP00292<br />
Grant Jacobson 027 454 0432<br />
grant.jacobson@linkbusiness.co.nz<br />
Outstanding Event Hire $1,200,000<br />
North Island<br />
· Clients from Wellington to Northland<br />
· ·Can be relocated to anywhere within NZ<br />
· ·Includes extensive assets valued $750k+<br />
· ·Preferred supplier for large annual events<br />
linkbusiness.co.nz/BOP00314<br />
Lisa Lloyd 027 685 4556<br />
lisa.lloyd@linkbusiness.co.nz<br />
All LINK NZ <strong>of</strong>ces are licensed REAA08
4 BAY OF PLENTY BUSINESS NEWS <strong>July</strong> <strong>2021</strong><br />
www.bopbusinessnews.co.nz<br />
CONTACT INFORMATION<br />
PUBLISHER<br />
Alan Neben<br />
Ph: 021 733 536<br />
Email: alan@bopbusinessnews.co.nz<br />
EDITOR<br />
David Porter<br />
Mob: 021 884 858<br />
Email: david@bopbusinessnews.co.nz<br />
From the editor<br />
Tauranga is going through some strange times as the city adjusts<br />
to life under the new leadership <strong>of</strong> its four commissioners, led by<br />
Anne Tolley (see page 11 for more details <strong>of</strong> the new lineup).<br />
While many resented<br />
the new lineup, there<br />
seems little affection<br />
for the ousted councillors,<br />
who are generally seen<br />
to have failed to live up to<br />
expectations.<br />
The commissioners have<br />
now announced that they have<br />
received over 1000 submissions<br />
online, by email and in<br />
hard copy.<br />
These were initially compiled<br />
in preparation for the<br />
hearings in April and the commissioners<br />
made decisions in<br />
order to adopt the new Long<br />
Term Plan.<br />
The key comment by commissioners<br />
has been that in<br />
their view previous councillors<br />
had failed to invest sufficiently<br />
in previous long term plans,<br />
being basically more keen on<br />
getting re-elected and thus not<br />
alienating locals with large<br />
rates rises.<br />
But despite grumbling from<br />
some sectors <strong>of</strong> the community,<br />
there seems – perhaps surprisingly<br />
– widespread acceptance<br />
that we need to spend more<br />
money in Tauranga to restore<br />
key services.<br />
Tauranga’s population is<br />
growing and we need to grow<br />
in order to accommodate the<br />
rising demand.<br />
We are pleased to bring you<br />
our <strong>July</strong> issue, and to note the<br />
surge <strong>of</strong> business activity we<br />
are already seeing in Tauranga.<br />
David Porter<br />
PRODUCTION<br />
Copy/Pro<strong>of</strong>s/Graphic Design<br />
Times Media – Clare McGillivray<br />
Ph: (09) 271 8067<br />
Email: clare@times.co.nz<br />
ADVERTISING INQUIRIES<br />
BUSINESS DIRECTOR<br />
Pete Wales<br />
Mob: 022 495 9248<br />
Email: pete@bopbusinessnews.co.nz<br />
ELECTRONIC FORWARDING<br />
EDITORIAL:<br />
<strong>News</strong> releases/Photos/Letters:<br />
david@bopbusinessnews.co.nz<br />
GENERAL INQUIRIES:<br />
info@bopbusinessnews.co.nz<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> <strong>News</strong> has a circulation<br />
<strong>of</strong> 8000, distributed throughout <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
between Waihi and Opotiki including Rotorua<br />
and Taupo, and to a subscription base.<br />
www.bopbusinessnews.co.nz<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> Publications<br />
309/424 Maunganui Road,<br />
Mount Maunganui, 3116<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> Publications specialises<br />
in business publishing, advertising, design and<br />
print media services.<br />
Capital deployed in our space<br />
can make a real difference and<br />
it is very satisfying to be helping<br />
these companies achieve their<br />
growth ambitions.” – James Beale<br />
Oriens Capital raises second fund p3<br />
New Zealanders love land, bricks and mortar,<br />
but growing headwinds in residential property<br />
investment are now making commercial property<br />
a more sought-after investment<br />
option.” – Scott McKenzie<br />
PMG to acquire<br />
Bethlehem Town<br />
Centre p13<br />
In the next few years demand for Gold kiwifruit<br />
worldwide will continue to rise and<br />
so DMS wants to grow its share<br />
<strong>of</strong> that anticipated industry<br />
growth.” – Derek Masters<br />
$40 kiwifruit packhouse<br />
and coolstore p14<br />
NEWSBRIEF<br />
FMM appoints<br />
new CEO<br />
First Mortgage Managers (FMM),<br />
manager <strong>of</strong> First Mortgage Trust<br />
(FMT), has announced Paul Bendall<br />
as the new chief executive <strong>of</strong>ficer.<br />
Paul joined First Mortgage Trust in<br />
August 2020 as general manager and has<br />
more than 20 years’ experience in the<br />
property, banking and finance industries.<br />
Michael Smith, chair <strong>of</strong> FMT says,<br />
“We are delighted to announce we have<br />
appointed Paul Bendall as our new CEO.<br />
Paul has spent the past 12 months working<br />
closely with the current CEO, Tony<br />
Kinzett, and the Board, and has a thorough<br />
understanding <strong>of</strong> the business and<br />
shares our vision and goals for the future<br />
<strong>of</strong> FMT.”<br />
Paul Bendall says, “It’s a great honour<br />
and responsibility to take over the reins <strong>of</strong><br />
the company, First Mortgage Trust is going<br />
from strength to strength. We have over $1<br />
billion funds under management and we<br />
have recently surpassed $1 billion in loans<br />
for the first time. I’m truly excited to lead<br />
the business into the future.”<br />
Paul will take over from long time<br />
CEO Tony Kinzett on<br />
the 3 September. “The<br />
Board members and I<br />
have enormous confidence<br />
in Paul, and<br />
I will be continuing<br />
to work closely with<br />
him over the next<br />
couple <strong>of</strong> months as<br />
I transition out <strong>of</strong><br />
the company,” says<br />
Tony.<br />
Tony has been<br />
CEO for 15 years<br />
Paul Bendall<br />
and is retiring.<br />
FROM CREATING A SUCCESSFUL BUSINESS<br />
TO CREATING MORE FAMILY TIME,<br />
everyone’s investment story is different.<br />
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Statement can be viewed at craigsip.com/terms-and-conditions. Please visit craigsip.com
<strong>July</strong> <strong>2021</strong> BAY OF PLENTY BUSINESS NEWS 5<br />
Trustpower sells retail<br />
sector to Mercury for $441m<br />
Power generator and retailer Mercury NZ plans to buy the retail business <strong>of</strong> Tauranga stalwart<br />
Trustpower once it gets various permissions sorted, including Commerce Commission approval.<br />
The businesses have entered into a binding agreement conditional on the restructure <strong>of</strong> Tauranga<br />
Energy Consumer Trust (TECT) and Trustpower shareholder approval.<br />
By DAVID PORTER<br />
Trustpower’s retail business<br />
sells electricity, gas, fixed<br />
and wireless broadband and<br />
mobile phone services to about<br />
231,000 customers nationwide.<br />
Combined, the businesses would<br />
have about 780,000 connections<br />
across both energy and telco<br />
services.<br />
Mercury chief executive Vince<br />
Hawksworth – formerly a longtime<br />
ceo <strong>of</strong> Trustpower – said the<br />
acquisition would accelerate Mercury’s<br />
retail strategy, which is centred<br />
on delivering the right product<br />
mix and value for customers.<br />
“Mercury and Trustpower are<br />
two highly complementary organisations,<br />
and this agreement would<br />
see the best <strong>of</strong> both being brought<br />
together for our customers,” he<br />
said.<br />
“We know customers value<br />
the convenience and ease <strong>of</strong> bundled<br />
services in their home and<br />
Trustpower has deep expertise in<br />
bundling products in a way that<br />
people clearly appreciate. We see<br />
this adding material value to our<br />
customers and Mercury.<br />
“Bringing together the retail<br />
businesses <strong>of</strong> Mercury and Trustpower<br />
will also give us the scale<br />
to make meaningful investment<br />
in the underlying IT systems,<br />
driving greater innovation for our<br />
customers.”<br />
Skilled and motivated staff<br />
Hawksworth said the strength <strong>of</strong><br />
Trustpower’s retail <strong>of</strong>fering was<br />
underpinned by a skilled and<br />
motivated team, with about 500<br />
staff focused on retail, based in<br />
Tauranga and Ōamaru.<br />
“We see a huge amount <strong>of</strong><br />
talent and capability across both<br />
organisations, each with a strong<br />
focus on delivering the best possible<br />
outcomes for customers. We’re<br />
excited for how we can continue to<br />
build on this<br />
“Customers will continue to<br />
enjoy all the great services and<br />
support they have today with<br />
Trustpower and with Mercury and<br />
we’re looking forward to unlocking<br />
even more benefits and products<br />
for them over time.”<br />
Trustpower is 51 percent<br />
owned by infrastructure investor<br />
Infratil, which has said it is in supportive<br />
<strong>of</strong> the sale and will vote<br />
in favour <strong>of</strong> the deal at the Trustpower<br />
annual shareholder meeting<br />
in September.<br />
The two businesses won’t be<br />
fully integrated until their IT systems<br />
allow for an improved customer<br />
experience.<br />
New banking facility<br />
Mercury has secured a commitment<br />
for a new bank facility sufficient<br />
to finance the acquisition.<br />
The transaction is conditional<br />
on Mercury obtaining Commerce<br />
Commission clearance for the purchase<br />
<strong>of</strong> Trustpower’s retail business<br />
and Mercury will be working<br />
with the Commerce Commission<br />
to progress the<br />
application.<br />
The transaction<br />
is<br />
also conditional<br />
on the<br />
proposed<br />
T E C T<br />
restructure<br />
being completed<br />
and<br />
Vince Hawksworth<br />
shareholder approval. Local retail<br />
customers will remain beneficiaries<br />
<strong>of</strong> the trust following any sale.<br />
The timing for regulatory<br />
approvals depends on several factors,<br />
including the current workload<br />
<strong>of</strong> the regulator. Mercury<br />
anticipates these conditions will<br />
be fulfilled and the transaction<br />
will be complete by the end <strong>of</strong> the<br />
year.<br />
Need for TECT changes<br />
Chairman <strong>of</strong> TECT, which has a<br />
significant share in Trustpower,<br />
Bill Holland said the confirmation<br />
<strong>of</strong> the sale underscored the<br />
need for the changes to TECT and<br />
the importance <strong>of</strong> trustees acting<br />
when they did.<br />
“The confirmation <strong>of</strong> a<br />
conditional sale <strong>of</strong> Trustpower’s<br />
retail business<br />
reaffirms how crucial<br />
it was for Trustees to<br />
act when we did to<br />
ensure that the rebate<br />
was protected for our<br />
existing beneficiaries<br />
under a change<br />
<strong>of</strong> ownership.<br />
The proposed<br />
acquisition comes<br />
after the company<br />
announced earlier<br />
this year that it<br />
was undertaking a<br />
strategic review to<br />
test market interest<br />
in its retail business<br />
while exploring the<br />
merits and business<br />
case to establish a<br />
standalone generation<br />
business.<br />
Trustpower<br />
Chairman<br />
Paul Ridley-Smith says there<br />
were several interested parties in<br />
the acquisition <strong>of</strong> the retail business,<br />
validating the opportunity<br />
that exists to continue to grow the<br />
successful <strong>of</strong>fering <strong>of</strong> electricity,<br />
gas, broadband, mobile and wireless<br />
connection services.<br />
“We are pleased that our business<br />
will stay in local hands,<br />
with a future owner committed to<br />
The confirmation <strong>of</strong> a conditional sale <strong>of</strong><br />
Trustpower’s retail business reaffirms how<br />
crucial it was for Trustees to act when we did<br />
to ensure that the rebate was protected for<br />
our existing beneficiaries under a change <strong>of</strong><br />
ownership.” – Bill Holland<br />
retaining Trustpower’s Tauranga<br />
and Oamaru <strong>of</strong>fices for the foreseeable<br />
future.<br />
“Mercury clearly understands<br />
the business and the strategic value<br />
<strong>of</strong> a proven multi product <strong>of</strong>fering,<br />
quality customer base and opportunities<br />
for future growth,” said<br />
Ridley-Smith.<br />
“Until the sale goes unconditional<br />
and then completes, it is<br />
business as usual for Trustpower.<br />
We will continue to do our best for<br />
our customers until the business<br />
joins with Mercury.”<br />
Trustpower Chief Executive<br />
David Prentice said the opportunities<br />
for employees has been an<br />
important consideration in this<br />
process.<br />
“The capability and performance<br />
<strong>of</strong> our people is what makes<br />
the difference for our customers,<br />
communities, and shareholders,”<br />
said Prentice.<br />
“The majority <strong>of</strong> employees<br />
will get the opportunity to transfer<br />
to Mercury and <strong>of</strong> the rest <strong>of</strong> the<br />
employees most will remain with<br />
the generation business.”<br />
Equally, Trustpower is confident<br />
once Mercury completes<br />
the purchase it will maintain and<br />
enhance the value and quality <strong>of</strong><br />
Trustpower’s customer service.<br />
NEWSBRIEF<br />
The Urban Task<br />
Force questions<br />
Commissioners<br />
The Urban Task Force for Tauranga<br />
was formed earlier this year specifically<br />
to represent the local property<br />
sector in order to provide strong, informed<br />
leadership to our local authorities.<br />
“Overall, our membership <strong>of</strong> property<br />
developers, investors, managers and<br />
pr<strong>of</strong>essionals agree that this Long-Term<br />
Plan is one <strong>of</strong> the most important in our<br />
city’s history and we need to get it right,”<br />
said UTF Chairman Scott Adams in a<br />
statement.<br />
“The capital spend <strong>of</strong> $4.6 billion in<br />
the next 10 years is significant, and our<br />
members have one voice that we need to<br />
improve the city’s infrastructure and our<br />
quality <strong>of</strong> living, but we do require very<br />
clear transparency and accountability on<br />
spending.”<br />
Council proposed to increase the Citywide<br />
development contributions for new<br />
housing by more than $16,000 per house<br />
from 1 August <strong>2021</strong>. This short notice and<br />
significant structural change to development<br />
costs, will immediately affect over<br />
200 new homes and homeowners who<br />
have signed sale and purchase agreements,<br />
but will not have Council consent by 1<br />
August <strong>2021</strong>.<br />
“This is a significant increase in cost<br />
which in some cases passed directly onto<br />
homeowners, and in some cases will<br />
pass to a home builder that is contractually<br />
bound to deliver a home for a fixed<br />
price. This is just not right and the scale<br />
<strong>of</strong> these cost increases simply ripple onto<br />
our already stressed housing market,” says<br />
Adams.<br />
The Urban Task Force for Tauranga has<br />
also voiced concern over where the costs<br />
are coming from, with Council identifying<br />
the costs from the yet to be built Waiari<br />
Water Treatment Plant near Te Puke. The<br />
Waiari Water Treatment Plant was funded<br />
in 2017 by the Housing Infrastructure<br />
Fund, under a 10-year interest free loan, to<br />
support infrastructure providing additional<br />
water and wastewater for an additional<br />
35,000 homes. Of the $230m announced<br />
by the government at the<br />
time, <strong>of</strong> which $114<br />
million was for the<br />
Waiari Water Treatment<br />
Plant, it is<br />
uncertain what, if<br />
anything, has been<br />
spent. Adams said<br />
he had concerns<br />
around the transparency<br />
<strong>of</strong> funding.<br />
Scott Adams<br />
BEWARE OF FOREIGN IMITATIONS.<br />
There’s no shortage <strong>of</strong> great ideas in New Zealand.<br />
But for an innovative bunch, we’re not the best at<br />
realising the full potential <strong>of</strong> our innovations, particularly<br />
when exporting them.<br />
At James & Wells, we can identify your competitive<br />
edge, <strong>of</strong>fer business strategies for specific markets and<br />
help you own and leverage your intellectual property to<br />
ensure no one steals the fruit <strong>of</strong> your labour.<br />
www.jaws.co.nz | +64 7 928 4470
6 BAY OF PLENTY BUSINESS NEWS <strong>July</strong> <strong>2021</strong><br />
Shine strike Gold at PRINZ Awards<br />
Award winning <strong>Bay</strong><br />
<strong>of</strong> <strong>Plenty</strong> strategic<br />
communications<br />
consultancy, The Shine<br />
Collective, struck gold<br />
again recently at the<br />
Public Relations Institute<br />
<strong>of</strong> New Zealand (PRINZ)<br />
Awards for its work with<br />
Te Arawa Covid Response<br />
Hub, supporting the trial<br />
<strong>of</strong> a Covid contact tracing<br />
card.<br />
Shine’s winning entry, “’Stamping<br />
out Covid with a digital<br />
handshake”, took out the top<br />
spot in the Community Relations and<br />
Engagement category.<br />
The Shine Collective (with <strong>of</strong>fices<br />
in Tauranga and Rotorua), undertook<br />
the entire project management and<br />
responsibility for developing and<br />
implementing the communications<br />
strategy in partnership with Eruera<br />
Keepa from Hīkina Consultants.<br />
In August 2020, the New Zealand<br />
Government partnered with Te<br />
Arawa to trial a wearable contact<br />
tracing card that could potentially<br />
support the country’s contact tracing<br />
efforts.<br />
The card used Bluetooth technology<br />
to exchange ‘digital handshakes’<br />
and recorded participants<br />
close contacts – a potential addition<br />
to using the NZ Covid tracing app.<br />
Award winners: Left to right: Ally Armstrong, Eruera Keepa (Hīkina Consultants), Stacey Main, Shae<br />
Skellern, Meg Jones, Monty Morrison (Te Arawa representative), Julie McGlashen, Jacky James.<br />
Community-led strategy<br />
Shine’s managing director, Jacky<br />
James, said a key success factor for<br />
the kaupapa was that it was community-led,<br />
and that its communications<br />
strategy reflected the local<br />
community.<br />
“The philosophy behind our communications<br />
strategy was simple and<br />
based on authentic two-way engagement,<br />
with the principles <strong>of</strong> tikanga<br />
Māori at its heart – for both Māori<br />
and non-Māori,” she said.<br />
“Anyone over the age <strong>of</strong> 19 who<br />
lived and/or worked in the small<br />
community <strong>of</strong> Ngongotahā were<br />
encouraged to participate in the trial.<br />
“The trial’s kaupapa was to understand<br />
how well the contact tracing<br />
cards performed in a real-world<br />
scenario, whether they would work<br />
with the contact tracing systems, and<br />
if people will accept and use them.<br />
“The trial itself actually exceeded<br />
all expectations with over 1,200 people<br />
signing up to participate.”<br />
Te Arawa Covid-19 Response<br />
Hub spokesperson, Monty Morrison<br />
says the Hub is honoured to be recognised<br />
for the hard mahi involved<br />
with the Covid contact tracing card<br />
trial.<br />
“The team set out to design and<br />
deliver a successful community<br />
engagement strategy and that is<br />
exactly what they achieved, coupled<br />
with incredible community support,<br />
we feel we have significantly<br />
contributed to Aotearoa’s efforts to<br />
stamp out Covid-19.”<br />
The Shine Collective is a pr<strong>of</strong>essional<br />
strategic communications<br />
consultancy that provides an extensive<br />
range <strong>of</strong> communications, marketing<br />
and public relations services<br />
throughout the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>, New<br />
Zealand and Australia.<br />
The PRINZ Awards recognises<br />
and celebrates the cream <strong>of</strong> public<br />
relations and communications management<br />
pr<strong>of</strong>essionals in Aotearoa<br />
and their outstanding and <strong>of</strong>ten<br />
life-changing work.<br />
Road Science<br />
wins NZ<br />
Workplace<br />
Safety Award<br />
By DAVID PORTER<br />
Working on New Zealand<br />
roads is now a whole lot<br />
safer thanks to Tauranga<br />
firm Road Science, which has devised<br />
a way to substantially reduce the time<br />
their staff spend standing in the road<br />
corridor.<br />
The innovation saw Mount Maunganui-based<br />
Road Science’s Mobile<br />
Data Capture Unit recently win a<br />
major category at the <strong>2021</strong> New<br />
Zealand Workplace Health & Safety<br />
Awards for the “best initiative to<br />
address a work-related safety risk”.<br />
Road Science staff <strong>of</strong>ten need to<br />
take measurements required for road<br />
maintenance programmes. They typically<br />
used to survey 1km per day,<br />
but a combination <strong>of</strong> new technology<br />
– one item <strong>of</strong> which is a high-tech<br />
mobile mapper (the only one <strong>of</strong> its<br />
kind in New Zealand) – means 50km<br />
a day can now be surveyed from the<br />
safety <strong>of</strong> a vehicle instead <strong>of</strong> standing<br />
in the road corridor surrounded by<br />
traffic.<br />
“I’m incredibly proud <strong>of</strong> the dedication<br />
and pr<strong>of</strong>essionalism our team<br />
display on daily basis and this award<br />
is great recognition <strong>of</strong> the work that’s<br />
gone into improving both safety and<br />
productivity outcomes,” said Road<br />
Science spokesman Richard Carter.<br />
Road Science wanted to be proactive,<br />
rather than just compliant,<br />
in their health and safety approach,<br />
so the company invested in a Leica<br />
Pegasus Two Ultimate (P2U) Mobile<br />
Laser Scanner from Switzerland<br />
which is a precise geospatial tool.<br />
“The beauty <strong>of</strong> this machine is<br />
that it does a million scans a second<br />
while traveling at speed. We’ve got it<br />
installed in the back <strong>of</strong> a ute. We drive<br />
down the road at 80km/hr and for the<br />
bulk <strong>of</strong> the tasks we do in transport<br />
Road Science’s Mobile Data Capture Unit. Photo/Supplied.<br />
and road construction, it picks up this<br />
same information, to the same – if not<br />
greater – accuracy than a surveyor.<br />
“We can substantially reduce<br />
people’s time spent standing in, and<br />
around, the road corridor and therefore<br />
people’s exposure to traffic hazards<br />
is greatly reduced.”<br />
Carter says by replacing outdated<br />
methods and work practices, the<br />
Mobile Data Capture Unit has revolutionised<br />
Road Science’s business.<br />
In addition to speeding up the surveying<br />
process and reducing health and<br />
safety risks, the technology captures<br />
comprehensive information that can<br />
be re-used over and over again.<br />
“You can go get all the roading<br />
information you need, but you also<br />
get all the signposts, all the safety<br />
crash barriers, all the line marking,<br />
all the trees, all the power line clearances…<br />
it saves having to send a surveyor<br />
out repeatedly to do different<br />
tasks.”<br />
Doug Carrasco, General Manager<br />
Transport Technology for Road Science,<br />
said while this technology was<br />
now available in New Zealand, its<br />
benefits will only be realised through<br />
increase in its usage. “Road Science<br />
urges road, rail and port authorities to<br />
embrace this technology to achieve<br />
higher quality outcomes whilst eliminating<br />
risk to personnel.”<br />
The P2U laser scanner can be used<br />
to scan sections <strong>of</strong> railway lines to<br />
help plan upgrades and to check tunnel<br />
clearances to ensure construction<br />
equipment will fit. It can also be used<br />
to build 3D model <strong>of</strong> any yards or port<br />
facilities.
<strong>July</strong> <strong>2021</strong> BAY OF PLENTY BUSINESS NEWS 7<br />
FLAT AS …<br />
Jet Charge denied<br />
.nz domain name<br />
Domain name complaints involving .nz domains have become<br />
something <strong>of</strong> a rare beast. In 2011, 11 decisions were issued under<br />
the .nz Dispute Resolution Service Policy (DRSP). So far this year,<br />
only one has been issued.<br />
The decision is an interesting<br />
one, however,<br />
and serves as a timely<br />
reminder to businesses to<br />
future-pro<strong>of</strong> their domain<br />
name rights.<br />
The subject domain name<br />
was jetcharge.co.nz. The parties<br />
to the complaint were Jet<br />
Charge Pty Ltd and a Mr Russell<br />
Shepherd, an Australian<br />
resident. More about them<br />
shortly.<br />
Under the .nz DRSP, a complainant<br />
has to establish two<br />
things: first, that it has rights<br />
in respect <strong>of</strong> a name or mark<br />
which is identical or similar<br />
to the subject domain name;<br />
and, second, that the subject<br />
domain name, in the hands<br />
<strong>of</strong> the registrant, is an “unfair<br />
registration”.<br />
When is a registration<br />
unfair?<br />
A complainant can demonstrate<br />
‘rights’ in a name or<br />
mark by presenting sufficient<br />
evidence <strong>of</strong> use <strong>of</strong> a name or<br />
mark or evidence <strong>of</strong> a registered<br />
trade mark.<br />
An “unfair registration”<br />
means a registration which<br />
“was registered or otherwise<br />
acquired in a manner which, at<br />
the time when the registration<br />
or acquisition took place, took<br />
unfair advantage <strong>of</strong> or was<br />
unfairly detrimental to [a complainant’s<br />
rights]”, or “a registration<br />
which has been, or is<br />
likely to be, used in a manner<br />
which took unfair advantage <strong>of</strong><br />
or was unfairly detrimental to<br />
[a complainant’s rights]”.<br />
The DRSP contains examples<br />
<strong>of</strong> what might constitute<br />
an unfair registration: two<br />
examples are registering a<br />
domain name to stop a rights<br />
holder from registering it (i.e.<br />
a “blocking” registration), and<br />
registering a domain name<br />
primarily for the purpose <strong>of</strong><br />
unfairly disrupting the business<br />
<strong>of</strong> a rights holder. These<br />
two examples featured in the<br />
jetcharge.co.nz decision.<br />
Back to the story: the complainant,<br />
Jet Charge Pty Ltd,<br />
was/is an Australian company<br />
incorporated in June 2014<br />
providing installation, servicing<br />
and delivery services for<br />
electric car charging stations<br />
in Australia under and by reference<br />
to the trade mark JET<br />
CHARGE.<br />
Jet Charge also provides<br />
charging stations and accessories,<br />
and associated firmware<br />
and s<strong>of</strong>tware for charging<br />
electric cars using the JET<br />
CHARGE mark. Its website is<br />
at www.jetcharge.com.au.<br />
Jet Charge owns New Zealand<br />
trade mark registration<br />
no. 1131753, which covers the<br />
trade mark JET CHARGE in<br />
classes 9, 37 and 42.<br />
The application for the<br />
mark was filed with IPONZ on<br />
7 October 2019 and claimed<br />
priority back to 27 May 2019.<br />
The goods and services <strong>of</strong> the<br />
registration reflect Jet Charge’s<br />
business as described.<br />
The respondent was Russell<br />
Shepherd, an Australian<br />
resident associated with a<br />
direct competitor to Jet Charge<br />
in Australia called EVolution<br />
Australia.<br />
Mr Shepherd registered<br />
jetcharge.co.nz on 16 <strong>July</strong><br />
2017 – approximately two<br />
years before the priority date<br />
<strong>of</strong> Jet Charge’s New Zealand<br />
trade mark registration.<br />
Mr Shepherd claimed he<br />
had “interests, business operations<br />
and premises” in New<br />
Zealand and intended “to make<br />
use <strong>of</strong> the Domain Name for<br />
the purposes <strong>of</strong> further extending<br />
his business interests in<br />
New Zealand”.<br />
Unsuccessful attempts<br />
by Jet Charge<br />
if the future expansion <strong>of</strong> your business<br />
potentially requires you to register a<br />
domain name in another country, take<br />
whatever steps are necessary as soon as<br />
possible to register that domain name.”<br />
Between June 2019 and May<br />
2020, Jet Charge tried unsuccessfully<br />
to persuade Mr Shepherd<br />
to transfer the registration<br />
to it. Having failed, Jet<br />
Charge filed the domain name<br />
complaint.<br />
Before the Expert, Jet<br />
Charge contended that it had<br />
registered and unregistered<br />
rights in the jetcharge.co.nz<br />
domain name, and that Mr<br />
Shepherd’s registration was<br />
“unfair” because he did not<br />
have any “legitimate interest<br />
in, or use for, the registration<br />
or use <strong>of</strong> the words “Jet<br />
Charge” either as a trade mark<br />
or a domain name”, because<br />
he registered the domain name<br />
to disrupt Jet Charge’s business,<br />
and because his retention<br />
<strong>of</strong> the domain name, despite<br />
requests to cancel or transfer<br />
it to Jet Charge, meant<br />
he was using it as a blocking<br />
registration. (Jet Charge also<br />
contended that a temporary<br />
re-direction <strong>of</strong> jetcharge.co.nz<br />
to evolutionaustralia.com.au<br />
was “very likely to confuse,<br />
mislead or deceive people” but<br />
this argument is not relevant to<br />
the point <strong>of</strong> this article.)<br />
In reply, Mr Shepherd<br />
pointed out the two years<br />
between registration <strong>of</strong> the<br />
domain name and Jet Charge’s<br />
trade mark in New Zealand,<br />
and asserted, among other<br />
things, that:<br />
• The complaint was “an<br />
opportunistic attempt [by<br />
Jet Charge] to obtain the<br />
domain name by force<br />
which demonstrates poor<br />
planning and a sense<br />
<strong>of</strong> entitlement by [Jet<br />
Charge]”; and<br />
• That having “…“a (belated)<br />
trade mark” and desires to<br />
extend its business operation<br />
into New Zealand<br />
should not give [Jet Charge]<br />
a right to the JET CHARGE<br />
name in [New Zealand].<br />
Applying the DRSP to the<br />
evidence, the Expert found<br />
that Jet Charge had rights in<br />
INTELLECTUAL PROPERTY ISSUES<br />
> BY BEN CAIN<br />
Ben Cain is a Senior Associate at James & Wells and a Resolution<br />
Institute-accredited mediator. He can be contacted at 07 928 4470<br />
(Tauranga), 07 957 5660 (Hamilton), and benc@jaws.co.nz.<br />
JET CHARGE New Zealand<br />
by virtue <strong>of</strong> its trade mark registration;<br />
however, the Expert<br />
did not find that Jet Charge<br />
had unregistered rights – i.e. it<br />
had reputation and goodwill –<br />
in JET CHARGE in New Zealand<br />
before or after the domain<br />
name was registered because it<br />
had failed to file “any meaningful<br />
evidence” supporting its<br />
assertion <strong>of</strong> rights.<br />
Registration not unfair<br />
Even though it had rights in<br />
JET CHARGE, the Expert<br />
found that Mr Shepherd’s registration<br />
– and continued registration<br />
– <strong>of</strong> jetcharge.co.nz<br />
was not ‘unfair’.<br />
The reasons why again<br />
came down to evidence –<br />
or rather the lack <strong>of</strong> it. Jet<br />
Charge failed to prove that<br />
when Mr Shepherd registered<br />
the domain name, Jet Charge<br />
had any rights in the JET<br />
CHARGE trade mark in New<br />
Zealand.<br />
It also failed to prove that,<br />
when he registered the domain<br />
name, Mr Shepherd had any<br />
knowledge <strong>of</strong> Jet Charge’s<br />
future plans for expansion into<br />
New Zealand. Jet Charge also<br />
failed to prove it had an interest<br />
in using the JET CHARGE<br />
mark in New Zealand.<br />
The domain name is not<br />
currently being used by<br />
Mr Shepherd or EVolution<br />
Australia.<br />
If Mr Shepherd decides<br />
to use it in the future, however,<br />
Jet Charge could lodge<br />
another complaint in an effort<br />
to retrieve it. For now, though,<br />
Jet Charge must find another<br />
domain to use.<br />
The crucial lesson for businesses<br />
to take home from this<br />
article is that – as Mr Shepherd’s<br />
comments highlighted –<br />
if the future expansion <strong>of</strong> your<br />
business potentially requires<br />
you to register a domain name<br />
in another country, take whatever<br />
steps are necessary as<br />
soon as possible to register that<br />
domain name.<br />
Such steps might include<br />
obtaining a trade mark registration<br />
in a country <strong>of</strong> interest,<br />
even if it is unlikely you will<br />
use that trade mark in that<br />
country for a few years.<br />
(The other lesson is that if<br />
you are going to make a complaint<br />
under the DRSP, make<br />
sure you file enough <strong>of</strong> the<br />
right evidence…)
8 BAY OF PLENTY BUSINESS NEWS <strong>July</strong> <strong>2021</strong><br />
Our digital dilemma – Does technology<br />
have an effect on our mental health?<br />
A quick search on Google and you will find the verdict is still out.<br />
The contrasting views on whether technology or social platforms<br />
truly effect our mental health are endless. Academic studies vouching<br />
for each side making it relatively tricky to navigate what is accurate<br />
and what is based on theory.<br />
TECH TALK<br />
> BY MARIETTE TOLMAY<br />
Mariette Tolmay is the marketing lead at Stratus Blue.<br />
She can be contacted at mariette@stratusblue.co.nz.<br />
Digging deeper into the<br />
research does however<br />
paint a picture that technology<br />
and social platforms,<br />
when combined with what is<br />
required in life to keep a mind<br />
and body healthy, does leave a<br />
fine line to walk.<br />
When we think <strong>of</strong> “health”<br />
for our body and mind, we<br />
know the basics, eat well, exercise,<br />
get enough sleep, be productive,<br />
spend time with loved<br />
ones and take some time out to<br />
relax. We also know there are<br />
only 24 hours in a day.<br />
In most cases, eight hours<br />
<strong>of</strong> that are spent working, most<br />
likely behind a screen. And,<br />
according to a study done by<br />
RescueTime across 11,000<br />
users, an average <strong>of</strong> 3.15 hours<br />
a day was spent on smartphones<br />
(that’s 47 days a year).<br />
The study also concluded<br />
that over 60% <strong>of</strong> those users<br />
checked their smartphones<br />
over 50 times a day generating<br />
a behaviour <strong>of</strong> “Multitasking”<br />
with the remote distractions<br />
aided by technology.<br />
Based on cognitive science<br />
and more recent studies on<br />
multitasking by Paul Atchley,<br />
Ph.D. a pr<strong>of</strong>essor <strong>of</strong> Cognitive<br />
Psychology at the University<br />
<strong>of</strong> Kansas, multitasking as we<br />
think <strong>of</strong> it scientifically does<br />
not exist.<br />
It has been found to increase<br />
the production <strong>of</strong> the stress<br />
hormone cortisol as well as the<br />
fight-or-flight hormone adrenaline,<br />
which can overstimulate<br />
your brain and cause mental<br />
fog or scrambled thinking.<br />
Multitasking creates a<br />
dopamine-addiction feedback<br />
loop, effectively rewarding the<br />
brain for losing focus and for<br />
constantly searching for external<br />
stimulation.”<br />
Being present and<br />
productive<br />
In Layman’s terms, we have<br />
conditioned ourselves to<br />
believe we are being present,<br />
and productive when our<br />
brains are constantly functioning<br />
from a place <strong>of</strong> urgency,<br />
distraction, stress and information<br />
overload. And we are<br />
doing so for hours on end.<br />
When we add in the hustle<br />
and bustle <strong>of</strong> life, traffic,<br />
dinner times, Netflix and the<br />
recommended sleep time <strong>of</strong><br />
six hours, how much time<br />
are we left with to spread<br />
across our weekday for selfcare<br />
and quality connections<br />
with those we love without<br />
interruption?<br />
Although the research on<br />
the effects technology and<br />
social media has on our mental<br />
health is inconclusive, the<br />
neuroscience behind our brains<br />
function and the lack <strong>of</strong> more<br />
hours in a day does beg to<br />
question whether we are using<br />
the time we have, to be productive<br />
and present?<br />
And are we prioritising<br />
what benefits our mental<br />
health in the long term?<br />
If you’re like me, and fall<br />
into those statistics, <strong>of</strong> over<br />
three hours <strong>of</strong> screen time and<br />
constantly picking your phone<br />
up. It might be thought-provoking<br />
how frequently we are<br />
“too busy” to do the things we<br />
love or to spend more quality<br />
time with our kids.<br />
How do we get that time<br />
back? (22 hours a week).<br />
With cold turkey <strong>of</strong>f the<br />
menu for us working folk,<br />
using monitoring apps such as<br />
RescueTime, Apple’s Screen<br />
Time and Google Digital Wellbeing<br />
can seem like a canny<br />
way to cut down on phone use.<br />
Although my research<br />
didn’t give me definitive<br />
answers to the effects <strong>of</strong> technology<br />
use on mental health,<br />
the numbers had me looking<br />
for tips for a healthy relationship<br />
with technology:<br />
• Setting a schedule and a<br />
time limit for social media<br />
and news platforms.<br />
• Switching <strong>of</strong>f notifications<br />
for apps that are not<br />
required for work.<br />
• Reducing screen time<br />
before bed – sleep mode on<br />
smartphones.<br />
• Implementing more technology<br />
free time.<br />
• Set limits around response<br />
times to messages.<br />
• Delete apps that don’t benefit<br />
me.<br />
The only trouble is, as<br />
Audre Lorde said, “the master’s<br />
tools will never dismantle<br />
the master’s house”.<br />
So, mediating our technology<br />
habits are going to<br />
depend mainly on our own<br />
self-awareness, common<br />
sense and willpower – with<br />
other tactics being useful but<br />
supplementary.<br />
Goodman Fielder launches<br />
new sustainability campaign<br />
Goodman Fielder has launched ‘Better Together’, an<br />
ambitious new sustainability strategy designed to help<br />
embed sustainability across the company’s business,<br />
culture, brands and products.<br />
Developed to support global<br />
efforts to deliver the UN 2030<br />
Sustainable Development<br />
Goals (SDGs), the ‘Better Together’<br />
strategy highlights nine progressive<br />
new sustainability goals, including<br />
net zero emissions by 2040, 100%<br />
recyclable packaging by 2025, and to<br />
halve food waste by 2030.<br />
The leading food manufacturer,<br />
which has a factory in the region, has<br />
outlined a number <strong>of</strong> goals, according<br />
to a company statement. These<br />
include:<br />
1. Net zero emissions by 2040.<br />
2. 100% recyclable packaging by<br />
2025.<br />
3. Meaningfully improve the nutritional<br />
value <strong>of</strong> its product by 2025.<br />
4. 100% sustainable packaging materials<br />
by 2030.<br />
5. 100% renewable electricity by<br />
2025.<br />
6. Reach 40m with its sustainability<br />
message by 2030.<br />
7. Halve food waste by 2030.<br />
8. 100% sustainably sourced ingredients<br />
by 2030.<br />
9. Develop a diversity, inclusion,<br />
and Indigenous recognition plan<br />
in <strong>2021</strong>.<br />
Products touch millions<br />
Bernard Duignan, Goodman Fielder<br />
NZ CEO, said: “Our products touch<br />
millions <strong>of</strong> people every day and we<br />
are committed to using that reach as<br />
a force for good. We are thrilled to<br />
launch ‘Better Together’, an important<br />
milestone for the Goodman<br />
Fielder family.<br />
“By driving progress against our<br />
four key focus areas <strong>of</strong> better products,<br />
better planet, better business and<br />
better communities, this strategy will<br />
provide us with a pathway to living<br />
our purpose and ensuring food is a<br />
force for good.”<br />
Duignan said the company was<br />
By driving progress against our four key focus<br />
areas <strong>of</strong> better products, better planet, better<br />
business and better communities, this strategy<br />
will provide us with a pathway to living our<br />
purpose and ensuring food is a force for good.”<br />
– Bernard Duignan<br />
excited to deliver local solutions to<br />
global challenges and continue to<br />
make a difference.<br />
“We know that by working<br />
together, we can make everyday food<br />
better for everyone.”<br />
In <strong>2021</strong> the food company will:<br />
• Move to 100% renewable electricity<br />
in New Zealand and Australia.<br />
This will more than halve the<br />
greenhouse gas emissions from its<br />
operations in these countries and<br />
provide a pathway for net zero<br />
emissions. This initiative is the<br />
equivalent <strong>of</strong> taking 17,000 cars<br />
<strong>of</strong>f the road, the company said.<br />
• Complete year three <strong>of</strong> a four year<br />
Network Transformation programme<br />
that will see a reduction<br />
<strong>of</strong> 1,745 tonnes CO2 emissions<br />
annually<br />
• Switch its fleet <strong>of</strong> 110 Sales company<br />
vehicles to Hybrid models by<br />
end 2022, which will reduce fuel<br />
consumption <strong>of</strong> the fleet by 41%<br />
• Eliminate 40 tonnes <strong>of</strong> PVC packaging<br />
in NZ (switching to PET<br />
with 30% recycled content), and<br />
will remove all PVC from retail<br />
packaging across New Zealand<br />
and Australia by end <strong>2021</strong><br />
• Replace 100 tonnes <strong>of</strong> virgin plastic<br />
with recycled content across<br />
New Zealand and Australia Four<br />
NZ manufacturing sites are participating<br />
in EECA’s Energy<br />
Transition Accelerator Program to<br />
develop road maps to zero emissions<br />
at each site<br />
• Provide logistics support to<br />
expand the NZ S<strong>of</strong>t Plastic Recycling<br />
Scheme to the South Island<br />
and, by the end <strong>of</strong> 2023, aim<br />
to achieve 1500% increase in<br />
Nature’s Fresh bread bags being<br />
recycled annually<br />
The ‘Better Together’ strategy also<br />
showcases some <strong>of</strong> Goodman Fielders’<br />
recent sustainability achievements.<br />
Since 2010 Goodman Fielder<br />
NZ has donated over two million<br />
loaves <strong>of</strong> fresh bread to foodbanks<br />
in New Zealand, and launched the<br />
Goodman Fielder Cares Trust, which<br />
has donated over $300,000 to initiatives<br />
helping to fight poverty.<br />
2020 saw the brand deliver a<br />
lighting replacement program and<br />
generate its first 1000MWh <strong>of</strong> solar<br />
electricity.<br />
Meanwhile in the sustainable<br />
packaging space, across the group<br />
Goodman Fielder has replaced 100<br />
tonnes <strong>of</strong> problematic PVC with PET<br />
(including 30% recycled content)<br />
and removed 185 tonnes <strong>of</strong> plastic<br />
and 100 tonnes <strong>of</strong> cardboard from its<br />
packaging.
<strong>July</strong> <strong>2021</strong> BAY OF PLENTY BUSINESS NEWS 9<br />
Inflation is here …<br />
Investment market update (for the quarter ended 31 May, <strong>2021</strong>)<br />
There is no doubt we will<br />
see higher reported inflation<br />
this year. In fact<br />
we’ve already seen it – grabbing<br />
headlines last month (at<br />
least in market circles) were<br />
the various US’ April inflation<br />
reads.<br />
The Personal Consumption<br />
Expenditures (PCE) index (the<br />
Federal Reserve’s preferred<br />
measure <strong>of</strong> inflation) was up<br />
3.6 percent, the highest level<br />
in over 12 years.<br />
Excluding volatile food and<br />
energy, core PCE was still up<br />
3.1 percent, the first time it has<br />
started with a “3” since 1992.<br />
… but is inflation<br />
temporary, or will it be<br />
sustained?<br />
In our view, we generally<br />
agree with central banks that<br />
many <strong>of</strong> the current inflationary<br />
pressures are short-term<br />
factors.<br />
The long-term forces that<br />
kept inflation low pre-Covid<br />
– ageing populations, high<br />
debt levels, fast pace <strong>of</strong> new<br />
technology development – are<br />
unchanged.<br />
That said: (1) the extent <strong>of</strong><br />
monetary (low interest rates,<br />
quantitative easing, aka money<br />
printing) and fiscal (government<br />
deficits) stimulus has<br />
been unprecedented and the<br />
longer-term effects remain<br />
uncertain, and (2) justifying<br />
the current extreme policy settings<br />
will only become harder<br />
if economies continue on their<br />
current healthy trajectory.<br />
Jump in bond yields<br />
Year-to-date, longer-term<br />
interest rates have firmed<br />
reflecting the improved economic<br />
outlook and higher<br />
inflation risks.<br />
For investors who plan to<br />
own bonds to maturity, these<br />
“losses” on bonds aren’t permanent<br />
– holders will still<br />
receive the same interest on<br />
their investment and be repaid<br />
in full when the bond matures<br />
(unless, <strong>of</strong> course, the borrower<br />
defaults).<br />
Equities continue to<br />
perform well<br />
Despite the jump in longer-term<br />
interest rates, it has<br />
still paid to remain invested in<br />
equities.<br />
Global equity markets have<br />
continued to push higher with<br />
WHAT TO DO WITH YOUR MONEY<br />
> BY BRETT BELL-BOOTH<br />
Investment Adviser with Forsyth Barr Limited in Tauranga, and<br />
an Authorised Financial Adviser. Phone (07) 577 5725 or<br />
email brett.bell-booth@forsythbarr.co.nz.<br />
companies generally delivering<br />
better-than-expected<br />
results benefiting from a combination<br />
<strong>of</strong> improving economic<br />
activity and significant<br />
cost savings.<br />
New Zealand has<br />
remained a laggard<br />
For over a decade the New<br />
Zealand equities market has<br />
been amongst the strongest in<br />
the world. Year-to-date, the<br />
position has reversed.<br />
The New Zealand market<br />
is dominated by defensive dividend-paying<br />
stocks, which<br />
many investors look at as an<br />
alternative to fixed interest<br />
investments such as bonds or<br />
term deposits. The rise in longterm<br />
interest rates has generally<br />
been a headwind for these<br />
stocks.<br />
Furthermore, the NZX50<br />
market index is concentrated<br />
in a relatively small number <strong>of</strong><br />
companies — the largest eight<br />
companies account for around<br />
half the index. What that<br />
means is any price changes (up<br />
or down) in these larger stocks<br />
has a significant impact on the<br />
overall index.<br />
Keep expectations in<br />
check<br />
We still advise investors to<br />
stick to healthy weightings <strong>of</strong><br />
risk assets (shares, property) in<br />
portfolios, particularly given<br />
the low interest rates available<br />
on cash and bonds.<br />
We do acknowledge<br />
though, there is every chance<br />
we could see volatility across<br />
the market or within specific<br />
sectors or asset classes,<br />
impacting portfolio values.<br />
With uncertainties ahead,<br />
ensuring you have adequate<br />
portfolio diversification<br />
(always a mainstay <strong>of</strong> any<br />
investment plan) may prove<br />
even more important than<br />
usual.<br />
Your Forsyth Barr Investment<br />
Adviser is always available<br />
to discuss your investment<br />
plans at any time.<br />
The Personal Consumption<br />
Expenditures (PCE) index (the<br />
Federal Reserve’s preferred<br />
measure <strong>of</strong> inflation) was up 3.6<br />
percent, the highest level in over<br />
12 years.”<br />
This column is general in<br />
nature and does not take any <strong>of</strong><br />
your personal circumstances<br />
into account.<br />
For personalised financial<br />
advice, contact Forsyth Barr<br />
for an overview <strong>of</strong> the services<br />
we can provide.<br />
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10 BAY OF PLENTY BUSINESS NEWS <strong>July</strong> <strong>2021</strong><br />
Brendon McCullum<br />
Camo & Krooked<br />
Come to Trustpower <strong>Bay</strong>park this winter<br />
As the temperatures start to plummet around the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>,<br />
rug up and head down to Trustpower <strong>Bay</strong>park where there<br />
are plenty <strong>of</strong> events coming up to keep the whole family<br />
entertained.<br />
The Tauranga Gala Dinner<br />
Trustpower <strong>Bay</strong>park is delighted to<br />
be hosting The Tauranga Gala Dinner<br />
once again in <strong>2021</strong>.<br />
International cricket icon, Brendon<br />
McCullum, is gearing up for a<br />
smashing night out at the ninth annual<br />
Tauranga Gala Dinner on 16 <strong>July</strong>.<br />
Captaining a stunning evening<br />
<strong>of</strong> entertainment, McCullum<br />
will be joined by renowned sports<br />
broadcaster, Scotty Stevenson, with<br />
national treasures Jackie Clarke,<br />
Tina Cross and Taisha Tari supplying<br />
incredible live performances with<br />
their sensational group, The Lady<br />
Killers.<br />
This year’s event will be a spectacular<br />
night <strong>of</strong> wining and dining,<br />
insight and entertainment, and locals<br />
and legends.<br />
Each year The Tauranga Gala<br />
Dinner invites a local charity along<br />
to raise funds and awareness via a<br />
charity auction at the event. The <strong>2021</strong><br />
charity recipient is Tauranga Te Papa<br />
Rotary, who will be raising funds<br />
for Cure Kids and the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
Youth Development Trust.<br />
The charity auction is run separately<br />
from the commercial arm <strong>of</strong> the<br />
event, with all charitable funds and<br />
donations going to the charity.<br />
Get up close and personal with one<br />
<strong>of</strong> New Zealand’s most celebrated<br />
cricketers, be enthralled by some <strong>of</strong><br />
our most heralded singers, and revel<br />
in style with your clients, staff and<br />
friends for a much-deserved night out<br />
(www.taurangagaladinner.co.nz).<br />
Canvas Tauranga Careers<br />
Expo <strong>2021</strong><br />
Which University is best?<br />
How do I get into the trades?<br />
Am I doing the right courses?<br />
Should I leave school now?<br />
Can I retrain? How can I<br />
make an impact in my job?<br />
The Tauranga Careers<br />
Expo 2019 brings it all<br />
together in one huge arena,<br />
helping you find direction for<br />
your next career move. This<br />
expo brings together leading businesses<br />
from across the Western <strong>Bay</strong><br />
<strong>of</strong> <strong>Plenty</strong>’s diverse industry sectors,<br />
alongside the best Universities, trade<br />
and tertiary training providers from<br />
across New Zealand.<br />
Don’t miss this free expo on 30<br />
and 31 <strong>July</strong> from 10am – 3pm.<br />
Battle in the <strong>Bay</strong> <strong>2021</strong><br />
Based in the heart <strong>of</strong> Tauranga,<br />
the <strong>Bay</strong> Twisters is the only not for<br />
pr<strong>of</strong>it cheerleading club with USASF<br />
Coaches in New Zealand.<br />
In 2016 <strong>Bay</strong> Twisters hosted the<br />
first cheer competition in the <strong>Bay</strong> <strong>of</strong><br />
<strong>Plenty</strong>, the event proved extremely<br />
popular. There were local and international<br />
celebrities, TV appearances<br />
and a Guinness World Record attempt<br />
to name some <strong>of</strong> the excitement.<br />
Now in its 5th year and a twoday<br />
event, the Battle in the <strong>Bay</strong> <strong>2021</strong><br />
promises to be a memorable one. 7<br />
August – Teams Compete and 8<br />
August – Specialities Compete.<br />
Audiology<br />
present Camo &<br />
Krooked<br />
Austrian duo Reinhard Rietsch and<br />
Markus Wagner, otherwise known<br />
as Camo & Krooked have quickly<br />
become one <strong>of</strong> the hottest production<br />
outfits in Europe.<br />
Working together since 2007, the<br />
Viennese pair have created a whirl <strong>of</strong><br />
dancefloor anthems and a fearsome<br />
reputation for their untouchable production<br />
skills.<br />
Producing soulful, sultry tracks<br />
like massive hit single “Turn Up<br />
the Music” alongside raw power <strong>of</strong><br />
smashers like “Climax”, proving that<br />
they are not only super-talented, but<br />
they are also incredibly versatile.<br />
On the release <strong>of</strong><br />
their latest album ‘Zeitgeist’<br />
Camo & Krooked toured extensively,<br />
playing to full capacity clubs across<br />
Europe, Australia and America. This<br />
included a sold out tour <strong>of</strong> Austria<br />
with their brand new Zeitgeist production<br />
show; an audio-visual spectacular,<br />
that is now set for a full tour<br />
<strong>of</strong> major festivals in summer 2014.<br />
Camo & Krooked will be performing<br />
in Mount Maunganui on<br />
13 August. Tickets will be available<br />
online soon. (www.ticketfairy.com)<br />
Benee<br />
Benee<br />
Formidable indie-pop sensation<br />
and rising global superstar BENEE<br />
announced a nationwide regional tour<br />
for August. BENEE will visit every<br />
corner <strong>of</strong> the country, hitting eight<br />
different towns and cities throughout<br />
the month.<br />
The ‘Supalonely’ singer has had<br />
an incredible 18 months, from<br />
releasing her debut album ‘Hey<br />
U X’, to sharing the album with<br />
Kiwi crowds on a sold-out<br />
eight-date tour in late 2020<br />
and being named on Forbes<br />
30 under 30 Asia <strong>2021</strong> list.<br />
Worldwide streams in the<br />
billions have made her one <strong>of</strong><br />
the most exciting new acts to<br />
have emerged anywhere.<br />
Following the success <strong>of</strong><br />
her October tour, BENEE recognised<br />
that fans outside the<br />
main centres don’t <strong>of</strong>ten get the<br />
opportunity to experience fullscale<br />
pop concerts in their own<br />
backyards. Throughout August, she<br />
will bring her trademark infectious<br />
energy to crowds across Aotearoa<br />
to get people up on their feet for a<br />
groove-worthy night.<br />
BENEE will perform eight headline<br />
shows across the country, visiting<br />
New Plymouth, Palmerston North,<br />
Porirua, Invercargill, Nelson, Tauranga,<br />
Napier and Hamilton.<br />
For complete tour, ticket and VIP<br />
information go to www.livenation.<br />
co.nz.<br />
Premier Venue<br />
Trustpower <strong>Bay</strong>park is Tauranga’s<br />
Premier Venue for conferences, meetings,<br />
entertainment and exhibitions.<br />
Offering a complete package in one<br />
convenient location that features state<br />
<strong>of</strong> the art meeting rooms, in-house<br />
catering, audio visual services, pr<strong>of</strong>essional<br />
conference organiser (PCO)<br />
and marketing/promotional services.<br />
For more information on any events, enquiries for Trustpower <strong>Bay</strong>park venues, <strong>Bay</strong>Station activities or service on/<strong>of</strong>f site from <strong>Bay</strong>Catering, <strong>Bay</strong>AudioVisual<br />
visit www.trustpowerbaypark.co.nz or email events@bayvenues.co.nz.
<strong>July</strong> <strong>2021</strong> BAY OF PLENTY BUSINESS NEWS 11<br />
Much to do to get<br />
Tauranga back on-track<br />
Sacking an elected council and appointing commissioners to run a council’s<br />
governance functions is quite a rare event. Essentially, that situation only arises<br />
if there are significant issues within a group <strong>of</strong> elected members, and they are<br />
unwilling or unable to resolve those issues for themselves, in which case, the<br />
Minister <strong>of</strong> Local Government will step-in.<br />
The former Tauranga City Council<br />
elected members exemplified<br />
dysfunctionality, their<br />
conduct marked by infighting; a lack<br />
<strong>of</strong> ‘collective responsibility’; and in<br />
some cases, no insight at all into their<br />
personal contributions to the council’s<br />
problems.<br />
That was the background to<br />
the appointment <strong>of</strong> four Tauranga<br />
City Council commissioners in<br />
early-February.<br />
Anne Tolley (Chair); Stephen<br />
Selwood, Bill Wasley and Shadrach<br />
Rolleston (see below for brief pr<strong>of</strong>iles<br />
on each commissioner) ‘hit the<br />
ground running’, and they needed to.<br />
One <strong>of</strong> the key tasks they were<br />
charged with was delivering a <strong>2021</strong>-<br />
31 long-term plan (LTP) which would<br />
take the city forward and address its<br />
obvious infrastructure and community<br />
facility deficits.<br />
“The draft LTP was an enormous<br />
piece <strong>of</strong> work,” Anne Tolley says. “We<br />
needed to have a good understanding<br />
<strong>of</strong> the Council business before we<br />
could start, and <strong>of</strong> course, we needed<br />
to have the widest possible feedback<br />
from the Tauranga community to help<br />
us make the final decisions.<br />
“If our efforts are going to have a<br />
lasting benefit for the city, we have<br />
to take the community with us and<br />
that means having the widest possible<br />
buy-in to all key aspects <strong>of</strong> the LTP.”<br />
She says the commissioners are<br />
very happy with the feedback they<br />
have received via dozens <strong>of</strong> community<br />
engagement opportunities and<br />
face-to-face contact with hundreds<br />
<strong>of</strong> individual residents. “There are<br />
some people who are not happy with<br />
the priorities set-out in the draft LTP,<br />
but overall, most people have realistic<br />
expectations – they know something<br />
has to be done and are pleased that<br />
the city now has decisive governance,<br />
which is committed to getting things<br />
back on-track.”<br />
Commissioner Stephen Selwood<br />
says the inclusion <strong>of</strong> $4.6 billion <strong>of</strong><br />
infrastructure development over the<br />
next decade is a ‘game-changer’ for<br />
Tauranga.<br />
Legacy <strong>of</strong> underinvestment<br />
“The Council has a legacy <strong>of</strong> underinvestment<br />
in community facilities<br />
(like swimming pools, playing<br />
fields, libraries and a museum) and<br />
key infrastructure (roads, water and<br />
wastewater pipes and treatment<br />
plants, etc) because successive councils<br />
decided it was better to keep rates<br />
down than to invest in the things the<br />
city needs,” he says.<br />
“That’s fine for a while, but in the<br />
end, it costs everyone, because our<br />
infrastructure no longer meets our<br />
existing needs, let alone keeping up<br />
with the needs <strong>of</strong> a growing city.<br />
Bill Wasley and Shad Rolleston<br />
are the ‘locals’ on the commission.<br />
They both come from planning backgrounds<br />
and are acutely aware <strong>of</strong> the<br />
issues which have led to a shortage <strong>of</strong><br />
land available for housing and commercial<br />
development.<br />
“We’ve looked at the things we<br />
can do to help open-up land for development,<br />
because as it stands, houses<br />
in Tauranga have become so costly<br />
that new home-buyers have been virtually<br />
priced out <strong>of</strong> the market.<br />
“That means prioritising projects<br />
like the Papamoa East Interchange<br />
and the infrastructure needed for<br />
There’s a clear need<br />
for the availability<br />
<strong>of</strong> more affordable<br />
housing.” – Shad<br />
Rolleston<br />
housing and commercial developments<br />
at Tauriko and accelerating the<br />
work required so that we can encourage<br />
some positive changes in the market,<br />
although there is no one ‘silver<br />
bullet’ to address the current housing<br />
challenges we face,” Bill says.<br />
“In addition, the commitment to<br />
facilitating intensification is exemplified<br />
by initiatives such as Plan<br />
Change 26, which is about providing<br />
opportunities for housing in areas<br />
such as the Te Papa peninsula,” Bill<br />
says.<br />
Shad also points to changes in<br />
the development contributions area<br />
which are designed to make it easier<br />
for people developing community<br />
housing and papakainga.<br />
“There’s a clear need for the availability<br />
<strong>of</strong> more affordable housing<br />
and while that’s not something the<br />
Council is directly involved in, there<br />
are some levers we can use to facilitate<br />
developments that will make a<br />
difference.”<br />
COMMISSIONER PROFILES<br />
Bill Wasley:<br />
Bill comes from a pr<strong>of</strong>essional planning background<br />
has more than 40 years’ experience in<br />
resource management and senior management<br />
positions in local government and the private<br />
sector, the latter including serving as Company<br />
Secretary for the Port <strong>of</strong> Tauranga Ltd, and a<br />
director <strong>of</strong> its subsidiary companies. Amongst<br />
his many current and past governance roles,<br />
Bill was the Independent Chair <strong>of</strong> the western<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>’s SmartGrowth partnership from<br />
2001 until his appointment as a Tauranga City<br />
Council Commissioner. He has a strong interest<br />
in governance and collaborative approaches<br />
which achieve integration between spatial<br />
planning, economic development, social community<br />
outcomes and the necessary funding<br />
arrangements.<br />
Shad Rolleston:<br />
Shad is a consultant planner and policy advisor<br />
with expertise in resource management and<br />
Māori relationship management and engagement.<br />
He has tribal connections to Ngāti<br />
Ranginui, Ngāi Te Rangi and Ngāti Pukenga,<br />
as well as affiliations to Te Arawa. Shad’s public<br />
service career spans more than 20 years and<br />
includes working as a policy advisor and planner<br />
for central and local government, specialising<br />
in transport and environmental reforms.<br />
He has served as a board member on the Ngāti<br />
Ranginui Post Settlement Governance Entity;<br />
is a former SmartGrowth Tū Pakari Advisor<br />
and co-chair <strong>of</strong> the Combined Tāngata Whenua<br />
Forum; and is the current Chair <strong>of</strong> Arā Rau<br />
Tāngata.<br />
Anne Tolley –<br />
COMMISSION CHAIR:<br />
Anne brings a wide experience in local and<br />
national politics to her role. Elected to the<br />
Napier City Council in 1986, she served as a<br />
Standing Committee Chair, and then Deputy<br />
Mayor for six years. She was also elected to<br />
the inaugural Hawkes <strong>Bay</strong> Regional Council.<br />
In 1999, she was elected to Parliament as<br />
a National Party List MP and after moving<br />
to Gisborne, was elected as the MP for East<br />
Coast in 2005. She held that seat until her in<br />
2020, moving to Ōhope as the growing electorate’s<br />
boundary reached the edge <strong>of</strong> Te Puke.<br />
Anne served for nine years as a Government<br />
minister, holding the portfolios <strong>of</strong> Education,<br />
Police, Corrections, MSD, Children and Local<br />
Government.<br />
Stephen Selwood:<br />
Stephen is a pr<strong>of</strong>essional director and an expert<br />
in infrastructure vision, strategy and policy.<br />
The founding Chief Executive <strong>of</strong> Infrastructure<br />
New Zealand, Stephen continues to serve<br />
as a board member <strong>of</strong> the New Zealand Infrastructure<br />
Commission – Te Waihanga; and provides<br />
public policy advice to the infrastructure<br />
sector, as a director <strong>of</strong> Selwood Infrastructure<br />
Advisory. In 2019, he received the Infrastructure<br />
New Zealand leadership award for his<br />
contribution to the industry in New Zealand.<br />
Stephen describes himself as a thought-leader<br />
who brings a deep understanding <strong>of</strong> integrated<br />
urban development and infrastructure planning,<br />
funding and delivery to his commission<br />
role.
12 BAY OF PLENTY BUSINESS NEWS <strong>July</strong> <strong>2021</strong><br />
Wellbeing top-<strong>of</strong>-mind<br />
for the agri industry<br />
By CRAIG HUDSON,<br />
Xero Managing Director for New<br />
Zealand and the Pacific Islands<br />
A<br />
couple <strong>of</strong> weeks ago, I had the<br />
pleasure <strong>of</strong> attending Fieldays.<br />
It was the first one since 2019<br />
before the pandemic. When Covid-<br />
19 hit our shores, hundreds <strong>of</strong> events<br />
were cancelled, and thousands <strong>of</strong><br />
social engagements put on ice.<br />
When I looked around to see<br />
reunited friends, family and business<br />
partners, what struck me was<br />
the atmosphere <strong>of</strong> relief and revelry.<br />
It reminded me <strong>of</strong> the age old adage:<br />
You don’t know what you’ve got until<br />
it’s gone.<br />
For an industry as expansive as<br />
New Zealand agriculture, the connections<br />
we missed from not having Fieldays<br />
last year was obvious.<br />
Bringing everyone back together<br />
for a few days was a powerful<br />
moment, especially as we continue to<br />
tackle the stigma <strong>of</strong> wellbeing in the<br />
sector.<br />
Welcome emphasis on mental<br />
health<br />
Craig Hudson<br />
Although the agricultural<br />
industry as a whole didn’t<br />
change much outside <strong>of</strong><br />
a few clear exceptions, it<br />
certainly impacted how<br />
we interacted with people<br />
and stayed connected.”<br />
We’ve been present at Fieldays since<br />
2014 and this increased emphasis on<br />
mental health and wellbeing has been<br />
extremely encouraging to see, especially<br />
after the last 12 months.<br />
A lot <strong>of</strong> the conversations we had<br />
were about how Covid-19 impacted<br />
workers. Although the agricultural<br />
industry as a whole didn’t change<br />
much outside <strong>of</strong> a few clear exceptions,<br />
it certainly impacted how we<br />
interacted with people and stayed<br />
connected.<br />
These pressures, among others,<br />
were triggers that saw a dialogue<br />
open up on wellbeing – stories that<br />
were shared with us at the Fieldays –<br />
and I was blown away by the mana <strong>of</strong><br />
those I spoke to.<br />
It’s becoming increasingly clear<br />
that Kiwis are getting more comfortable<br />
with their own wellbeing, and<br />
with being okay to ask for help. And,<br />
crucially, you don’t have to be struggling<br />
in crisis to do so.<br />
With this in mind, we’ve been<br />
working hard alongside Farmstrong<br />
to give farmers some simple steps to<br />
support positive wellbeing for themselves<br />
and their teams.<br />
These steps include the importance<br />
<strong>of</strong> taking time out; managing<br />
stress and avoiding burnout; and practicing<br />
healthy thinking.<br />
That last one can be tricky, but<br />
there’s a simple trick to catching it.<br />
Healthy thinking teaches you to<br />
ask three key questions when you’ve<br />
caught a negative thought. Is the<br />
thought true? Is it worth it? Does<br />
it help me achieve my goals? If it’s<br />
unhelpful, come up with alternative<br />
ways <strong>of</strong> thinking about the situation.<br />
Prioritising wellbeing doesn’t<br />
have to be complicated or expensive.<br />
It can be as simple as practising<br />
mindfulness, breaking things down<br />
into small, manageable steps such as<br />
focusing on one job at a time and delegating<br />
tasks.<br />
And if you do need to talk to<br />
Wellbeing wall at the Xero Fieldays stand asked visitors<br />
how they were feeling using weather-based moods.<br />
someone, there are options available<br />
like the Xero Assistance Programme<br />
(XAP), which <strong>of</strong>fers free confidential<br />
counselling to Xero customers.<br />
For many the workplace is a<br />
central role<br />
For many people, their workplace<br />
can play a central role in building<br />
their resilience and positive mental<br />
wellbeing. I understand first-hand the<br />
impact work can have on your mental<br />
health, particularly when you are<br />
in crisis.<br />
We also know that investing in<br />
wellbeing makes business sense. Economic<br />
research from NZIER revealed<br />
that wellbeing investment can<br />
return up to 12:1 through increased<br />
productivity.<br />
A focus on wellbeing will improve<br />
the workplace for everyone, and small<br />
changes can be immensely beneficial<br />
for your team and for your business.<br />
The pandemic brought to light a<br />
lot <strong>of</strong> learnings, and these lessons<br />
should remain front and centre for all<br />
Kiwis as we continue to recover from<br />
the impacts <strong>of</strong> 2020.<br />
Gala spectacular<br />
set to hit Tauranga<br />
for six<br />
ADVERTORIAL<br />
“A star-studded, entertainment spectacular” is how this year’s<br />
Tauranga Gala Dinner is being described. Back for its ninth year,<br />
the <strong>2021</strong> edition will be held on Friday 16 <strong>July</strong> at Trustpower Arena<br />
to an audience <strong>of</strong> several hundred locals and visitors.<br />
Featuring cricketing legend,<br />
Brendon McCullum,<br />
and renowned<br />
sports broadcaster, Scotty<br />
Stevenson, the Tauranga Gala<br />
Dinner will not only be a<br />
chance to hear from the star<br />
former Black Cap, but will<br />
also be an evening <strong>of</strong> revelry<br />
and celebration, with national<br />
treasures, The Lady Killers,<br />
taking the stage.<br />
The group is made up <strong>of</strong><br />
a trio <strong>of</strong> New Zealand’s most<br />
acclaimed performers, including<br />
Jackie Clarke, Tina Cross<br />
and Taisha Tari, who will provide<br />
a stunning showcase <strong>of</strong><br />
hits to ensure this year’s event<br />
is an unmissable gala night<br />
out for Tauranga.<br />
Organisers, Events Innovated,<br />
say that is what this<br />
year’s event is all about;<br />
giving Tauranga a big-city<br />
event to socialise and enjoy<br />
together.<br />
“It’s about creating a special<br />
occasion where people<br />
and businesses in our community<br />
can come together<br />
with good banter, great music,<br />
sumptuous food and a chance<br />
to dress to the nines and celebrate<br />
the night away.”<br />
This year’s event is partnering<br />
with local Rotary club,<br />
Tauranga Te Papa Rotary, who<br />
will lead the charity auction.<br />
Each year The Tauranga<br />
Gala Dinner provides a platform<br />
for local charities to<br />
raise money, run separate to<br />
the commercial operations <strong>of</strong><br />
the event.<br />
Tauranga Te Papa Rotary<br />
will be fundraising to support<br />
two incredible charities; Cure<br />
Kids and the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
Youth Development Trust.<br />
They have some amazing<br />
items up for grabs, including<br />
e-bikes, luxury experiences,<br />
sports memorabilia and more.<br />
The Tauranga Gala Dinner<br />
is supported by <strong>Bay</strong> <strong>of</strong><br />
<strong>Plenty</strong> <strong>Business</strong> <strong>News</strong>, The<br />
Weekend Sun, Media Works,<br />
Kale Print, Trinity Wharf,<br />
Black Barn Vineyards, Lion<br />
and Tauranga City Council.<br />
It is produced by local events<br />
company, Events Innovated.<br />
In addition to the worldclass<br />
entertainment and guest<br />
speakers, The Tauranga Gala<br />
Dinner includes 3-course<br />
meals, fine beverages, charity<br />
auction, VIP options<br />
and plenty <strong>of</strong> after-function<br />
revelry.<br />
Many local businesses<br />
use it as a way to host staff<br />
and clients, while groups <strong>of</strong><br />
friends book tables to shout<br />
themselves a much-deserved<br />
night out.<br />
BOOK NOW<br />
Only a few tables are left and<br />
bookings close on Monday 12<br />
<strong>July</strong>.<br />
Information and last-chance<br />
reservations are available at<br />
www.taurangagaladinner.<br />
co.nz<br />
Brendon McCullum, with wife Ellissa, at the Halberg Awards.
<strong>July</strong> <strong>2021</strong> BAY OF PLENTY BUSINESS NEWS 13<br />
Overview Bethlehem Town Centre. Photo/Supplied.<br />
PMG to acquire Bethlehem Town<br />
Centre and property in Wellington<br />
PMG Property Funds Management Limited (PMG),<br />
with conservative bank borrowings, is acquiring an<br />
industrial property at 11-13 Gough Street in Seaview,<br />
Wellington, and the high-pr<strong>of</strong>ile Bethlehem Town<br />
Centre in Bethlehem, Tauranga for an estimated total<br />
<strong>of</strong> around $107.6 million.<br />
PMG chief executive <strong>of</strong>ficer and<br />
director Scott McKenzie told<br />
investors in Tauranga in June<br />
that the two properties have a very<br />
high occupancy rate with recognised<br />
national and multi-national tenants<br />
including Kmart, Countdown, BP,<br />
Chemist Warehouse and Smiths City<br />
(at Bethlehem Town Centre), and HJ<br />
Asmuss & Co (in Gough Street).<br />
The latter is a privately owned<br />
supplier and distributor <strong>of</strong> steel in<br />
New Zealand with previous clients<br />
and projects including Fonterra and<br />
the Forsyth Barr Stadium.<br />
According to PMG the acquisitions<br />
opened another exciting opportunity<br />
to invest in PMG Generation<br />
Fund, which <strong>of</strong>fers a mix <strong>of</strong> industrial,<br />
retail and <strong>of</strong>fice properties.<br />
Open to all New Zealanders, PMG<br />
was <strong>of</strong>fering investors between 63<br />
and 69 million units ($68.67m to<br />
$75.21m) at $1.09 per unit in PMG<br />
Generation Fund in the <strong>of</strong>fer.<br />
It comes with an accessible minimum<br />
investment threshold <strong>of</strong> 1,000<br />
units ($1,090) and parcels <strong>of</strong> 1,000<br />
units thereafter, from now until 5pm<br />
29 <strong>July</strong> <strong>2021</strong> (or earlier if the <strong>of</strong>fer is<br />
fully subscribed).<br />
High performing asset<br />
The acquisition <strong>of</strong> Bethlehem Town<br />
Centre means this popular and<br />
high-performing large format retail<br />
centre will now be owned by New<br />
Zealand investors, said PMG.<br />
“We are particularly excited to be<br />
providing New Zealanders, including<br />
our hometown <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> residents,<br />
the opportunity to invest in their<br />
own backyard and in a high-quality<br />
and well-known property at the heart<br />
<strong>of</strong> one <strong>of</strong> Tauranga’s fastest-growing<br />
suburbs,” said McKenzie.<br />
The purchase <strong>of</strong> 11-13 Gough<br />
Street in Wellington will also provide<br />
additional rigour and diversity to<br />
PMG Generation Fund’s portfolio, he<br />
added.<br />
“The property is close to main<br />
arterial networks and is fully leased to<br />
Asmuss, a business that was founded<br />
in 1920 and has occupied this property<br />
for over 20 years, making it an<br />
excellent prospect for our investors.”<br />
Getting Kiwis into commercial<br />
property<br />
PMG launched PMG Generation<br />
Fund in 2020 with the aim <strong>of</strong> helping<br />
more New Zealanders gain access<br />
to the benefits <strong>of</strong> investing in commercial<br />
property, providing regular<br />
income and the opportunity for good<br />
capital growth on their investment.<br />
Additionally, investors have the<br />
choice <strong>of</strong> reinvesting the monthly<br />
income the Fund provides into PMG’s<br />
Reinvestment Plan, so they can enjoy<br />
the benefits <strong>of</strong> compounding returns.<br />
Following this <strong>of</strong>fer and acquisition<br />
<strong>of</strong> the two properties, the total<br />
estimated portfolio value <strong>of</strong> the Fund<br />
will be $166 million, comprising <strong>of</strong><br />
five quality commercial properties.<br />
With each property located within<br />
main metropolitan centres across<br />
New Zealand, the Fund is further<br />
underpinned by notable tenants,<br />
including some that are classed as<br />
essential services, providing further<br />
confidence around the Fund’s income<br />
New Zealanders love land, bricks and mortar,<br />
but growing headwinds in residential property<br />
investment is now making commercial property<br />
a more sought-after investment option.”<br />
– Scott McKenzie<br />
Matt McHardy, head <strong>of</strong> investor relationships – Central and Lower North Island<br />
with PMG’s Scott McKenzie at Bethlehem Town Centre. Photo/Supplied.<br />
resilience for investors.<br />
Denis McMahon, founding director<br />
and chairman <strong>of</strong> PMG, said the<br />
quality and scale <strong>of</strong> the two intended<br />
acquisition properties located in Tauranga<br />
and Wellington align with the<br />
Fund’s strategy – to grow a portfolio<br />
<strong>of</strong> strategically selected assets that<br />
provide building, tenant, sector and<br />
geographic diversification.<br />
Since its inception, PMG Generation<br />
Fund has delivered a gross<br />
cash distribution return <strong>of</strong> 5.80 cents<br />
per unit to its original investors and<br />
has seen a significant increase in<br />
the value <strong>of</strong> its underlying property<br />
assets.<br />
With a forecast gross cash return<br />
<strong>of</strong> 5.5% p.a, paid monthly, this <strong>of</strong>fer<br />
delivers an attractive passive income<br />
so investors can enjoy the lifestyle<br />
they love, well into the future.<br />
“New Zealanders love land, bricks<br />
and mortar, but growing headwinds<br />
in residential property investment<br />
are now making commercial property<br />
a more sought-after investment<br />
option,” McKenzie said.<br />
“Historically low interest and<br />
term deposit rates mean investors<br />
are looking elsewhere for compelling<br />
returns.”<br />
According to McKenzie, local<br />
investors see New Zealand commercial<br />
property as a good place to invest<br />
their capital for the long term as a<br />
natural hedge against inflation and for<br />
regular returns.<br />
“Our last two investment <strong>of</strong>fers in<br />
two <strong>of</strong> our unlisted commercial property<br />
funds were fully subscribed well<br />
before the <strong>of</strong>fer close dates. Not only<br />
are we seeing more demand from<br />
investors in our funds, it is coming<br />
faster and in larger parcels.”<br />
The <strong>of</strong>fer opened Thursday, 10<br />
June <strong>2021</strong>. Applications to acquire<br />
shares must be received no later than<br />
5.00pm 29 <strong>July</strong> <strong>2021</strong> (or earlier if the<br />
<strong>of</strong>fer is fully subscribed). This <strong>of</strong>fer is<br />
not available to investors outside <strong>of</strong><br />
New Zealand.<br />
The funds PMG <strong>of</strong>fers and manages<br />
on behalf <strong>of</strong> investors include<br />
PMG Generation Fund, a fund<br />
designed to make commercial property<br />
investment possible for all New<br />
Zealanders; Pacific Property Fund<br />
Limited, a fund which invests in<br />
geographically and category diverse<br />
properties; and funds which invest<br />
in category specific assets, including<br />
PMG Direct Office Fund, PMG<br />
Direct Childcare Fund, and PMG<br />
Capital Fund Limited.
14 BAY OF PLENTY BUSINESS NEWS <strong>July</strong> <strong>2021</strong><br />
Aerial view <strong>of</strong> the new development. Photo/Supplied.<br />
$40m Kiwifruit Packhouse & Coolstore<br />
boost planned For Te Puke<br />
Te Puke’s economy is heading for a $40 million cash<br />
injection as DMS Progrowers Ltd has unveiled plans<br />
to double the size <strong>of</strong> its existing local operation – the<br />
biggest single investment the company has ever<br />
made.<br />
DMS currently packs 14 million<br />
trays <strong>of</strong> kiwifruit between<br />
its two sites at Te Puna and<br />
Te Puke. Once the new packhouse<br />
is completed, the company will have<br />
doubled its packing capacity at Te<br />
Puke to around 12 million trays per<br />
year, increasing overall packing<br />
capacity to 20m trays company-wide.<br />
Construction is now underway on<br />
a brand new 5400m sq metre packhouse<br />
and four new coolstores at the<br />
company’s Te Matai Rd site. DMS<br />
chief executive <strong>of</strong>ficer Derek Masters<br />
confirmed Te Puke businesses<br />
and contractors will be used for the<br />
majority <strong>of</strong> the expansion project.<br />
However, it is understood this does<br />
not preclude the use <strong>of</strong> some outside<br />
contractors when required.<br />
“It’s important to look after your<br />
own,“ said Masters.<br />
“Te Puke builders, plumbers,<br />
electricians, refrigeration specialists,<br />
earthmovers, lighting, fire systems,<br />
concrete and paneling supplies, along<br />
with utility and services’ installation<br />
and other pr<strong>of</strong>essionals and trades,<br />
will be used in all cases. We strongly<br />
believe in keeping things local and<br />
supporting the businesses that are<br />
based right here in Te Puke.”<br />
First company since 2018 to<br />
build<br />
DMS is the first post-harvest company<br />
since 2018 to build a completely<br />
new packhouse in the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>,<br />
as the region continues to produce<br />
record-breaking kiwifruit crops.<br />
“The industry is growing a significant<br />
amount <strong>of</strong> fruit – estimated at<br />
178 million trays this year,” he said.<br />
“And that is only going to increase<br />
Next year, when we<br />
have this additional<br />
packhouse, we’ll<br />
certainly be able to<br />
provide more packing<br />
slots and help a lot<br />
more growers.” –<br />
Derek Masters<br />
as more greenfield developments and<br />
Gold conversions come on stream. In<br />
the next few years demand for Gold<br />
kiwifruit worldwide will continue<br />
to rise and so DMS wants to grow<br />
its share <strong>of</strong> that anticipated industry<br />
growth.”<br />
Masters said packhouses around<br />
the <strong>Bay</strong> are already working 24 hours<br />
a day, seven days a week, during the<br />
limited Gold harvest window. Investing<br />
in more automation is important<br />
but eventually, he said, “you just need<br />
more physical space.”<br />
After a year <strong>of</strong> planning and<br />
design, Master said the company was<br />
now excited to start building the second<br />
packhouse at our Te Matai Rd site<br />
in Te Puke.<br />
Temp and humidity controlled<br />
“This is a big thing for us, and a big<br />
thing for the town.”<br />
Dave Pharo, DMS Pukepack’s site<br />
manager, says the new development<br />
DMS CEO Derek Masters left and DMS Pukepacks site manager<br />
Dave Pharo on the site <strong>of</strong> the new development. Photo/Supplied.<br />
will have a temperature and humidity<br />
controlled bin store which will jointly<br />
feed both the old packhouse and the<br />
new one.<br />
“The four additional coolstores,<br />
with a static capacity <strong>of</strong> 1.5m trays,<br />
will be automated with shuttle racking<br />
technology which we use in our<br />
other coolstores on site.”<br />
State-<strong>of</strong>-the-art MAF Roda camera<br />
grading equipment will be installed,<br />
with technicians due to fly out from<br />
France early next year to commission<br />
the new packing line.<br />
“The second packhouse shed will<br />
naturally require additional staff to<br />
operate – so that’s a lot <strong>of</strong> new jobs<br />
for local residents as well. The new<br />
facilities will all be operational prior<br />
to the start <strong>of</strong> next season in March<br />
2022,” Pharo says.<br />
DMS purchased a 7.5ha site<br />
from an immediate neighbour early<br />
last year and re-zoned the land for<br />
post-harvest activities. Over the past<br />
few months, Te Puke company JMC<br />
Earthworks has excavated 35,000m³<br />
<strong>of</strong> dirt to help construct a flat building<br />
platform for the new packhouse.<br />
Tenders for the lead packhouse/<br />
binstore building contract are now<br />
open. Te Puke businesses whose<br />
involvement is already confirmed<br />
include Shawn Williamson Builders<br />
(for construction <strong>of</strong> the four new<br />
coolstores), Orr Refrigeration (for the<br />
bin store refrigeration plant and cool<br />
store refrigeration plant), and Dexion<br />
for the shuttle racking.<br />
Meeting frustration <strong>of</strong> growers<br />
Masters said that as this season has<br />
progressed, DMS has noticed a lot <strong>of</strong><br />
frustration amongst kiwifruit growers<br />
about whether their fruit was going to<br />
be picked and packed in optimal time<br />
because every single post-harvest<br />
operator was flat out.<br />
“Next year, when we have this<br />
additional packhouse, we’ll certainly<br />
be able to provide more packing slots<br />
and help a lot more growers. This<br />
$40m development will also give confidence<br />
to our existing DMS growers<br />
that we will have capacity to look<br />
after their future growth as well.”<br />
Based in Tauranga, DMS is a kiwifruit<br />
and avocado orchard management<br />
and post-harvest operator.<br />
Established in 1989 by Craig<br />
Greenlees and Paul Jones, DMS manages<br />
over 100 orchards and has 150<br />
full-time staff, employing another<br />
600+ seasonal contractors and workers<br />
in Te Puna and Te Puke.<br />
DMS is a member <strong>of</strong> the G4<br />
Kiwifruit Group, which provides<br />
32% <strong>of</strong> Zespri’s Class One crop.<br />
Locally owned and operated, DMS’<br />
brand promise is “Increasing Grower<br />
Pr<strong>of</strong>it.”
<strong>July</strong> <strong>2021</strong> BAY OF PLENTY BUSINESS NEWS 15
16 BAY OF PLENTY BUSINESS NEWS <strong>July</strong> <strong>2021</strong><br />
NEW APPOINTMENTS<br />
BBN’S GUIDE TO NEW PEOPLE AND NEW ROLES ACROSS BUSINESS IN THE BAY<br />
To feature in New Appointments email us at new.appointments@bopbusinessnews.co.nz<br />
New executives appointed across the <strong>Bay</strong><br />
As organisations in the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> bounce back from the effects <strong>of</strong> Covid-19 some <strong>of</strong> the region’s largest and most important groups are<br />
gearing up with new executive appointments. Please contact us if your organisation has personnel changes you would like to share.<br />
Alan<br />
Woodger<br />
BCD Group is<br />
excited to announce<br />
the appointment <strong>of</strong><br />
Alan Woodger as an<br />
Environmental Scientist.<br />
Alan brings<br />
over 14 years <strong>of</strong><br />
industry experience<br />
and valuable<br />
knowledge.<br />
Alans’s experience<br />
is based in<br />
large scale infrastructure<br />
projects,<br />
the petrochemical<br />
industry and<br />
contaminated<br />
land remediation<br />
projects.<br />
More recently Alan has been working on land development<br />
projects in the Waikato and the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>, broadening<br />
his skill set to include regional consenting onsite wastewater<br />
discharges.<br />
With Alan’s experience and knowledge, we now <strong>of</strong>fer<br />
his expertise in Contaminated Land Management, including<br />
Preliminary and Detailed Site Investigations, Remedial<br />
Action Plans, Site Management, and Consent Monitoring.<br />
Toni<br />
Owen<br />
Toni Owen has<br />
been appointed to<br />
the <strong>Bay</strong> <strong>of</strong> Connections<br />
Leadership<br />
Group. Toni is<br />
a familiar face in<br />
the Eastern <strong>Bay</strong> <strong>of</strong><br />
<strong>Plenty</strong>, being a longtime<br />
Whakatāne resident<br />
and a director<br />
<strong>of</strong> Focus Chartered<br />
Accountants.<br />
Toni has more<br />
than 30 years <strong>of</strong><br />
business and governance<br />
experience<br />
with particular<br />
expertise in strategic,<br />
business and<br />
succession planning. She is a Fellow <strong>of</strong> Chartered Accountants<br />
ANZ, Pr<strong>of</strong>essional Trustee and Member <strong>of</strong> the Institute<br />
<strong>of</strong> Directors. She has worked with a wide range <strong>of</strong> rural, commercial<br />
and pr<strong>of</strong>essional clients and is actively involved in<br />
a variety <strong>of</strong> community and charitable organisations. She’s<br />
also held governance positions with EBOP Chamber <strong>of</strong> Commerce,<br />
NZCA, Eastern <strong>Bay</strong> Energy Trust, Energy Options<br />
Limited, EECA and Kawerau Enterprise Agency.<br />
Kylie Boyd<br />
First Mortgage Managers<br />
(FMM), manager <strong>of</strong> First<br />
Mortgage Trust (FMT),<br />
New Zealand’s largest first<br />
mortgage trust lender has<br />
announced Kylie Boyd as<br />
a director. Michael Smith,<br />
Chair <strong>of</strong> First Mortgage<br />
Managers says, “We are<br />
really pleased to have Kylie<br />
join our Board <strong>of</strong> Directors.<br />
Kylie has over 16 years’<br />
commercial law experience<br />
and over 10 years’ governance<br />
experience, and has<br />
very strong commercial,<br />
analytical and risk management<br />
skills.” Kylie is based<br />
in Tauranga and is a former<br />
Partner <strong>of</strong> Sharp Tudhope<br />
Lawyers. Kylie has worked with a range <strong>of</strong> commercial enterprises,<br />
both large and small, spanning various industries, including manufacturing,<br />
exporting, horticulture, s<strong>of</strong>tware development and financial<br />
services. Kylie is an experienced director and is currently a<br />
director for Craigs Investment Partners Superannuation Management<br />
Limited, Priority One, Custodial Services Limited, and Bluelab Corporation<br />
Limited. Kylie has a BA, LLB (Hons) from the University<br />
<strong>of</strong> Auckland. Kylie will join the Board on 15 June <strong>2021</strong>.<br />
At <strong>Bay</strong>leys, we believe relationships are what businesses are built on and how they<br />
succeed. We understand that to maximise the return on your property you need:<br />
Pr<strong>of</strong>essional property management<br />
A business partner that understands your views and goals<br />
Contact the <strong>Bay</strong>leys Tauranga Commercial Property Management team today.<br />
<strong>Bay</strong>leys Tauranga<br />
Commercial Property Management<br />
07 579 0609<br />
jan.cooney@bayleystauranga.co.nz<br />
SUCCESS REALTY LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008<br />
ALTOGETHER BETTER<br />
Residential / Commercial / Rural / Property Services
<strong>July</strong> <strong>2021</strong> BAY OF PLENTY BUSINESS NEWS 17<br />
Why should you consider converting?<br />
What do many successful businesses ranging from those is the<br />
trades – electricians, plumbers and builders – through to white-collar<br />
pr<strong>of</strong>essions ranging from real estate agencies to optometrists and<br />
even veterinarian practices have in common? They operate under<br />
a franchise business model having converted from an independent<br />
business model.<br />
FRANCHISING<br />
> BY NATHAN BONNEY<br />
Nathan Bonney is a director <strong>of</strong> Iridium Partners. He can be<br />
reached at nathan@iridium.net.nz or 0275-393-022<br />
Some <strong>of</strong> the most successful<br />
franchise brands<br />
have been built on the<br />
back <strong>of</strong> a conversion strategy,<br />
but you may ask why an<br />
existing independent business<br />
would convert to a franchise<br />
business model?<br />
Brand recognition<br />
Perhaps the biggest driver<br />
is brand recognition, which<br />
translates into marketing<br />
power, position and ultimately<br />
a larger share <strong>of</strong> the market<br />
and greater revenue.<br />
As you’re reading this I can<br />
suggest some real estate jingles<br />
that come to mind as well<br />
as a number <strong>of</strong> trade-related<br />
services that start with 0800<br />
name <strong>of</strong> brand.<br />
All <strong>of</strong> these businesses are<br />
franchises, owner-operated<br />
and, in many cases, started as<br />
independent businesses.<br />
Systems<br />
You can query any skill-specific<br />
pr<strong>of</strong>essional: “You may<br />
know your trade, but how good<br />
are you at the business?”<br />
The answers can vary significantly.<br />
Think about the<br />
If you’re running an<br />
independent business<br />
– think about your<br />
experience <strong>of</strong> doing<br />
those invoices at<br />
11pm on a Friday<br />
evening.”<br />
plumber’s invoice that came a<br />
few months after the work, or<br />
if you’re running an independent<br />
business – think about<br />
your experience <strong>of</strong> doing those<br />
invoices at 11pm on a Friday<br />
evening.<br />
Franchises provide systems<br />
and processes which will assist<br />
the business owner in running<br />
the business versus doing the<br />
doing.<br />
Additionally, a franchise<br />
has the collective resources<br />
and focus to innovate and<br />
re-invest in the actual doing as<br />
well. Often creating commercially<br />
beneficial differentiation<br />
for their franchisees.<br />
Purchasing<br />
Increasing recognition and<br />
revenue in themselves are<br />
good things for a business, but<br />
reducing costs leads to greater<br />
pr<strong>of</strong>itability.<br />
Franchise systems are able<br />
to collate the purchasing power<br />
<strong>of</strong> their franchisees and provide<br />
pricing that an independent<br />
could not achieve. These<br />
cost savings can be significant<br />
and can by themselves change<br />
the performance <strong>of</strong> a business.<br />
Two-way benefits<br />
A common resistance from<br />
potential converters is the<br />
perception that they will be<br />
giving away revenue to the<br />
franchisor in the form <strong>of</strong> royalties<br />
or fees.<br />
Not all franchise models<br />
include a percentage or flat fee<br />
structure, some systems generate<br />
their revenue from rebates<br />
from suppliers.<br />
In these circumstances the<br />
franchisee is benefitting from<br />
the purchasing power and<br />
lower prices, so there can be a<br />
double benefit.<br />
I would suggest that even<br />
in circumstances where a percentage<br />
or a flat fee is paid to<br />
the franchisor the accumulated<br />
benefits <strong>of</strong> a good franchise<br />
system will far outweigh the<br />
fees.<br />
It is worth any independent<br />
business owners’ time to<br />
review and consider.<br />
Resale and exit<br />
Many independent business<br />
owners never think about their<br />
exit strategy, will they be able<br />
to sell their business, to whom,<br />
what are the unique selling<br />
propositions for the business?<br />
A franchise may assist an<br />
independent business owner<br />
in marketing, attracting and<br />
securing a resale. And it will<br />
most definitely be able to support<br />
and develop the incoming<br />
purchaser, freeing the seller<br />
to exit and not be incumbered<br />
with potentially long or drawnout<br />
buyer assistance periods<br />
and the like.<br />
Doing the wrong thing for the ‘right’<br />
reason doesn’t make it right<br />
In my work I <strong>of</strong>ten hear people attempt to justify sometimes<br />
horrendous acts or very poor decisions due to it being something<br />
that they had to do to serve a greater “good” or they were<br />
contractually obliged to do so.<br />
CREDIT CONTROL<br />
> BY NICK KERR<br />
Nick Kerr is a <strong>Business</strong> Advisor at NJK Advisory Ltd.<br />
He is also director <strong>of</strong> International Private Investigations Ltd.<br />
Nick can be reached at nick@nzipi.com<br />
There comes a time when<br />
the excuses that you give<br />
yourself no longer work<br />
and you must face the fact<br />
that doing something that you<br />
know is wrong for the “right”<br />
reason is simply doing something<br />
wrong.<br />
There was a bit <strong>of</strong> a case in<br />
the early 20th century where<br />
certain members <strong>of</strong> a particular<br />
European country’s military<br />
regime committed unbelievable<br />
atrocities against entire<br />
people groups that would<br />
go against the moral fibre <strong>of</strong><br />
all but the most depraved<br />
humans.<br />
I bet if you asked any <strong>of</strong><br />
them if what they were doing<br />
was “right” they would say<br />
that they were doing it for the<br />
greater good, but looking back<br />
I would doubt that this sentiment<br />
would be maintained<br />
today.<br />
To a far lesser extent I have<br />
seen this attitude in the world<br />
<strong>of</strong> pr<strong>of</strong>essional B2B selling<br />
where a salesperson has a target<br />
or a goal that they have to<br />
achieve and it seems the closer<br />
to the time limit <strong>of</strong> this target<br />
the more likely it is for doing<br />
the wrong thing (in my opinion)<br />
to seem ok.<br />
One real life example is a<br />
salesperson that sold a company<br />
an employment and<br />
insurance solution that totaled<br />
almost $50,000 (over a payment<br />
plan).<br />
According to the business<br />
owner the salesperson told him<br />
Attempting to serve two masters with<br />
convergent goals and requirements will<br />
always create conflict and an inability to<br />
ever fully satisfy either.”<br />
that if he didn’t do it he was<br />
risking bankruptcy and possible<br />
jail.<br />
The business owner, obviously<br />
wanting to be compliant<br />
with the law and operate at best<br />
practice level, signed up and<br />
paid the monthly instalments.<br />
Check the paperwork<br />
He called me and asked me to<br />
look over the paperwork to see<br />
if he was doing the right thing.<br />
After reviewing the paperwork<br />
and interviewing him<br />
about his business I discovered<br />
that not only did he not have<br />
any staff at all (he only used<br />
limited liability subcontractors<br />
therefore did not need to have<br />
employment agreements), but<br />
if he did have staff he could<br />
have got the entire solution<br />
from a top local employment<br />
lawyer for under $10,000 and<br />
have a relationship formed that<br />
could provide support as and<br />
when needed.<br />
I myself have faced a similar<br />
conundrum, whilst contracting<br />
for a large company.<br />
We, as contractors, were asked<br />
to encourage clients to load<br />
files for action at the same<br />
time as setting up systems and<br />
processes that would make the<br />
need for actioning the files rare<br />
if not redundant.<br />
In in this situation we had<br />
to choose between giving ultimate<br />
and lasting value to the<br />
client or giving value to the<br />
company and satisfying the<br />
stakeholders.<br />
As we became more and<br />
more well known for the systems<br />
and processes, this issue<br />
became more and more evident,<br />
resulting in frequent<br />
marketing action out to clients<br />
encouraging files to be loaded (<br />
to the point where client would<br />
block all communication) until<br />
the conflict between these two<br />
activities became untenable.<br />
The moral <strong>of</strong> this story is<br />
that attempting to serve two<br />
masters with convergent goals<br />
and requirements will always<br />
create conflict and an inability<br />
to ever fully satisfy either.<br />
Just a thought.
18 BAY OF PLENTY BUSINESS NEWS <strong>July</strong> <strong>2021</strong><br />
NEWSBRIEF<br />
Leading kiwifruit<br />
companies to amalgamate<br />
Seeka Limited and Opotiki<br />
Packing and Cool Storage<br />
Limited are to join via<br />
amalgamation, the companies<br />
said in a statement.<br />
This transaction will see<br />
Seeka expand further to be operational<br />
in all <strong>of</strong> New Zealand’s<br />
major kiwifruit growing regions<br />
in a deal that continues to consolidate<br />
the New Zealand kiwifruit<br />
industry.<br />
The OPAC shareholders will<br />
receive new shares in Seeka at<br />
the ratio <strong>of</strong> 1.4833 Seeka shares<br />
for every 1 OPAC share held,<br />
valuing the net assets <strong>of</strong> OPAC at<br />
$33.94m provided OPAC shareholders<br />
approve the transaction<br />
with a 75% approval required.<br />
Seeka will assume approximately<br />
$25.06m <strong>of</strong> debt as part <strong>of</strong><br />
the acquisition bringing the total<br />
deal to $59.00m.<br />
Long relationship<br />
OPAC’s Chairman, Tony de<br />
Farias, in announcing the deal,<br />
said: “The amalgamation brings<br />
together two companies with<br />
a long relationship and similar<br />
ownership structures.<br />
“Many OPAC shareholders<br />
and growers are also shareholders<br />
in Seeka. The Board <strong>of</strong> OPAC recommends<br />
the deal to shareholders<br />
believing the enterprise value <strong>of</strong><br />
$59m to be fair, with good opportunities<br />
for growth and synergies.<br />
Seeka expects the<br />
bigger business to<br />
generate material<br />
efficiencies,<br />
synergy benefits<br />
and cost savings<br />
for the benefit <strong>of</strong> all<br />
stakeholders.”<br />
The combined group will deliver<br />
efficiencies, new technology and<br />
grower support.”<br />
Seeka Chairman, Fred Hutchings<br />
said: “The purchase <strong>of</strong><br />
OPAC is consistent with our<br />
strategy and delivers the Eastern<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> kiwifruit growing<br />
region to Seeka’s operations, a<br />
region in which Seeka is already<br />
experiencing growth through new<br />
orchard developments.<br />
“The transaction is expected<br />
to be accretive to shareholders<br />
once the combined business is<br />
fully integrated. Seeka expects<br />
the bigger business to generate<br />
material efficiencies, synergy<br />
benefits and cost savings for the<br />
benefit <strong>of</strong> all stakeholders.”<br />
The Boards <strong>of</strong> Seeka and<br />
OPAC unanimously recommended<br />
the amalgamation.<br />
Whakatane Mill saved,<br />
but caution expressed<br />
Whakatane Mill owners SIG Combibloc have announced the sale <strong>of</strong> the mill to a<br />
consortium <strong>of</strong> investors led by European investor Dr Dermot Smurfit.<br />
The announcement means that<br />
besides staff who have chosen<br />
to take redundancy, more than<br />
200 mill staff will keep their jobs.<br />
Whakatāne mayor Judy Turner<br />
said she was thrilled by the news.<br />
“I’m particularly thrilled for<br />
the contractors outside the direct<br />
employment <strong>of</strong> the mill as this has<br />
been a very nervous time for them<br />
and their staff.”<br />
Turner said she was relieved the<br />
mill had been saved as its closure<br />
and loss <strong>of</strong> jobs would have been<br />
devastating for the local economy.<br />
“To the new owners, congratulations<br />
and well done. We’re really<br />
pleased to have you on board.”<br />
Relief at the announcement<br />
Karl Gradon <strong>of</strong> Toi Economic Development<br />
Agency said close to 300<br />
families would be breathing a sigh<br />
<strong>of</strong> relief with the announcement.<br />
“We really welcome Smurfit to<br />
the business community.<br />
“We have a wonderful opportunity<br />
to take the momentum that<br />
Smurfit brings to their alternative to<br />
plastic packaging technology, and it<br />
looks like we will have an impressive<br />
customer base that they will<br />
link Whakatāne Mill into globally,”<br />
he said.<br />
Confidential<br />
personal<br />
service<br />
“It’s very exciting for us.”<br />
However, Gradon expressed<br />
caution, saying while this was good<br />
news there were still clouds on the<br />
Karl Gradon<br />
horizon with the fibre-processing<br />
sector.<br />
“China has announced self-sufficiency<br />
in logs by 2035, which creates<br />
significant risk for the forestry<br />
sector.<br />
“The majority <strong>of</strong> New Zealand<br />
logs are exported to developing<br />
countries in their raw form in anticipation<br />
<strong>of</strong> their domestic logs becoming<br />
available in just a few years. Toi<br />
EDA encourages the government<br />
to work on policy that incentivises<br />
investment in added value processing<br />
in New Zealand, rather than shipping<br />
the value creation <strong>of</strong>fshore.”<br />
The Smurfit Consortium includes<br />
China has announced<br />
self-sufficiency in logs<br />
by 2035, which creates<br />
significant risk for the<br />
forestry sector.”<br />
– Karl Gradon<br />
New Zealand investors, and many<br />
have experience in owning and operating<br />
paper packaging businesses.<br />
A spokesman for the Smurfit<br />
Consortium, Ian Halliday, who will<br />
become chairman <strong>of</strong> the Whakatāne<br />
Mill, said the consortium looked<br />
forward to developing a more competitive<br />
operation to support customers<br />
in New Zealand and around the<br />
world.<br />
“We believe that the Whakatāne<br />
Mill has a very bright future as the<br />
only folding box board mill in Oceania,<br />
and we intend to invest heavily<br />
in the mill to support both our customers<br />
and New Zealand’s forest<br />
products industry,” he said.<br />
The mill will stop producing<br />
liquid packaging board and going<br />
forward will focus on its customers’<br />
requirements for high-quality<br />
folding box board, carrier board and<br />
food service.<br />
ADVERTORIAL<br />
Confidential<br />
Ensure your business<br />
personal<br />
is ready for sale<br />
service<br />
TABAK <strong>Business</strong> Sales<br />
was established in<br />
2001 to specialise in<br />
the sale <strong>of</strong> small to medium<br />
($300K to $10M) sized New<br />
Zealand businesses.<br />
During the last 20<br />
years the motivation factors<br />
for owners to sell their<br />
businesses has generally<br />
remained the same – retirement,<br />
divorce, health, death<br />
or wanting a change in<br />
lifestyle.<br />
Whatever the reason for<br />
selling you need to ensure<br />
that your business is ready<br />
for sale as you are not<br />
always given a warning or<br />
time to get it in the best possible<br />
shape.<br />
Since post Covid 19<br />
lockdown we have seen<br />
an increase in the number<br />
<strong>of</strong> owners who have listed<br />
their businesses with Tabaks<br />
suffering from burn out. We<br />
have had two sales recently<br />
where burn out has been the<br />
main reason for sale.<br />
One was due to many,<br />
many years in the trade and<br />
he was just over the stresses<br />
<strong>of</strong> day-to-day running <strong>of</strong> the<br />
business and dealing with<br />
staff and staff shortages.<br />
In the other case, the<br />
owner reached breaking<br />
point and found himself<br />
emotionally, physically and<br />
mentally exhausted due to<br />
long term stress, and could<br />
no longer turn up to work. In<br />
another instance, the business<br />
owner had been diagnosed<br />
with cancer.<br />
All <strong>of</strong> a sudden quality<br />
<strong>of</strong> life, destressing and<br />
spending time with loved<br />
ones and taking time to heal<br />
themselves, took precedence<br />
over the stress <strong>of</strong> running the<br />
business. Money and reputation<br />
etc all <strong>of</strong> a sudden takes<br />
a back seat.<br />
In the cases mentioned<br />
above the business owners<br />
had not intended to sell and<br />
found themselves ill prepared<br />
for sale.<br />
In the ideal world we<br />
like to work with business<br />
owners for a period <strong>of</strong> time<br />
to assist with the preparation<br />
<strong>of</strong> their business for sale.<br />
This can include making<br />
sure their financials exclude<br />
any personal items which<br />
have become blended in<br />
with the business expenses<br />
over time, and making sure<br />
customers contracts, leases,<br />
health & safety and employments<br />
contracts are all current<br />
and up to date.<br />
In some ways<br />
Selling<br />
it is a bit<br />
your busines<br />
like selling a house or a car.<br />
To get the best sale price you<br />
make sure that it is presented<br />
in the best possible way i.e<br />
neat and tidy with a little<br />
bit <strong>of</strong> maintenance where<br />
necessary.<br />
If the situation allows,<br />
business owners should start<br />
talking with their pr<strong>of</strong>essional<br />
advisors and a business<br />
broker well before listing<br />
their business for sale.<br />
BETTER BUSINESS SALES<br />
> BY PAUL BRLJEVICH<br />
Director at TABAK <strong>Business</strong> Sales. Paul can be reached on<br />
027 693 4079 or paulb@tabak.co.nz<br />
I have personally worked<br />
with a business owner<br />
for six years before they<br />
decided they were ready<br />
Selling your business?<br />
to go to the market. When<br />
it was taken to the market within 10 working days. I<br />
We connect quality businesses with serious bu<br />
the business was in the best<br />
We connect quality shape possible. businesses with serious buyers<br />
The average sale time<br />
for all businesses (industry<br />
wide) listed for sale in<br />
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Licensed REAA (2008)<br />
Licens
<strong>July</strong> <strong>2021</strong> BAY OF PLENTY BUSINESS NEWS 19<br />
ZESPRI marks record<br />
season in 2020-21<br />
Increased sales, the ongoing expansion <strong>of</strong> Zespri SunGold Kiwifruit production and<br />
great quality fruit underpinned by strong international demand have delivered a<br />
record result for Zespri’s 2020/21 season, returning record per tray returns across<br />
all categories, said the marketer in a statement.<br />
Zespri’s 2020/21 Financial<br />
Results show total global revenue<br />
generated by fruit sales<br />
reached NZ$3.58 billion, up 14 percent<br />
on the previous year, while total<br />
global operating revenue increased by<br />
16 percent to NZ$3.89 billion. Global<br />
sales volumes were up 10 percent on<br />
the previous year to 181.5 million<br />
trays.<br />
Direct returns to the New Zealand<br />
industry increased by 15 percent to<br />
$2.25 billion in spite <strong>of</strong> the considerable<br />
uncertainty generated by the<br />
Covid-19 pandemic. Earnings are<br />
spread through many regional communities<br />
including the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>,<br />
Northland, Nelson, Gisborne, and the<br />
Waikato, providing support to people,<br />
communities and businesses across<br />
the country.<br />
Strong returns<br />
There were strong returns on both a<br />
per tray and per hectare basis:<br />
• The average return for Zespri<br />
Green per tray increased to $7.51,<br />
with the average return per hectare<br />
reaching $76,722.<br />
• Zespri Organic Green reached an<br />
average return per tray <strong>of</strong> $10.53,<br />
and an average per hectare return<br />
<strong>of</strong> $66,453.<br />
• The average return for Zespri<br />
SunGold Kiwifruit increased to<br />
$12.46 per tray, and the average<br />
return per hectare was also a<br />
record $177,846.<br />
• Zespri Organic SunGold Kiwifruit<br />
saw a per tray return <strong>of</strong> $15.36,<br />
with the average per hectare return<br />
reaching $158,599.<br />
• Zespri Sweet Green achieved an<br />
average return per tray <strong>of</strong> $10.14<br />
and an average return per hectare<br />
<strong>of</strong> $56,853.<br />
Zespri’s Non-New Zealand Supply<br />
sales increased to $472.8 million<br />
while Zespri’s net pr<strong>of</strong>it after tax is<br />
$290.5 million, up from $200.8 million<br />
on the previous year.<br />
Zespri chairman Bruce Cameron<br />
said the results reflected the continued<br />
strong demand for Zespri Kiwifruit<br />
around the world, boosted by the<br />
industry’s hard work and investment<br />
to increase demand and supply.<br />
“After a season where we were<br />
forced to make such significant<br />
changes to our operations with a focus<br />
on keeping our people safe, getting<br />
our fruit to the world, and continuing<br />
to invest for the future, it’s pleasing<br />
to see such encouraging results for the<br />
industry,” said Cameron.<br />
Demand increasing<br />
“Demand for both Zespri Green and<br />
Zespri SunGold Kiwifruit increased<br />
and we’re pleased to see growing<br />
interest in our newest variety, Zespri<br />
Red, which is a testament to our<br />
industry’s ongoing investment in<br />
We’re also<br />
encouraged by the<br />
growth in sales<br />
<strong>of</strong> our Non-New<br />
Zealand supply, with<br />
strong returns to our<br />
partner growers in<br />
Italy, France, Japan<br />
and Korea.” – Dan<br />
Mathieson<br />
innovation and finding new ways to<br />
add value for New Zealand and our<br />
international production bases.”<br />
Zespri’s chief executive <strong>of</strong>ficer<br />
Dan Mathieson said the 2020/21 season<br />
again showcased the strength <strong>of</strong><br />
the Zespri brand in delivering value,<br />
attracting new consumers and supporting<br />
communities.<br />
“The unity <strong>of</strong> our industry allowed<br />
us to respond effectively to incredibly<br />
difficult conditions around the world.<br />
That response was underpinned by<br />
our investment in the Zespri brand,<br />
the trust we have built up with our<br />
customers and consumers globally<br />
and the resilience and adaptability <strong>of</strong><br />
Dan Mathieson, Zespri CEO<br />
our supply chain and sales and marketing<br />
teams.<br />
“The efforts <strong>of</strong> our people right<br />
throughout Zespri and our supply<br />
chain were critically important and<br />
we’re incredibly proud <strong>of</strong> the way<br />
they responded and <strong>of</strong> those members<br />
<strong>of</strong> our team who are still dealing with<br />
the ongoing impacts <strong>of</strong> COVID-19<br />
around the world.<br />
“We’re also encouraged by the<br />
growth in sales <strong>of</strong> our Non-New Zealand<br />
supply, with strong returns to<br />
our partner growers in Italy, France,<br />
Japan and Korea. These production<br />
bases are a critical part <strong>of</strong> Zespri’s<br />
12-month supply strategy.<br />
“12 month supply means we’re<br />
available to consumers year round,<br />
hold our shelf space and commercial<br />
partnerships, ensuring Zespri growers<br />
maximise the benefit from the<br />
increased international demand we’re<br />
creating, making our marketing and<br />
promotional spend more efficient and<br />
delivering stronger returns to growers<br />
in New Zealand and around the<br />
world.”<br />
Outlook <strong>2021</strong><br />
With the <strong>2021</strong>/22 New Zealand season<br />
now well underway, nearly all<br />
Zespri SunGold Kiwifruit has been<br />
submitted into inventory and the harvest<br />
<strong>of</strong> Green is in full swing.<br />
Mathieson said Zespri was expecting<br />
another record-breaking crop<br />
<strong>of</strong> Zespri Kiwifruit this year, again<br />
underpinned by the expansion <strong>of</strong><br />
Zespri SunGold Kiwifruit production<br />
as well as Zespri Red.<br />
“Our sales and marketing programmes<br />
are in full swing and<br />
demand from our markets is incredibly<br />
strong with our fruit selling<br />
quickly,” he said.<br />
“However, we are facing headwinds<br />
including industry capacity<br />
constraints, rising costs and securing<br />
enough people to get our fruit to the<br />
world, as well as pandemic-related<br />
disruption to our shipping channels<br />
and distribution in some <strong>of</strong> our<br />
markets.<br />
“We’re working hard as an industry<br />
to overcome these challenges in<br />
order to deliver ongoing positive<br />
value to all our stakeholders and New<br />
Zealand as we continue to grow as an<br />
industry, though we do expect they<br />
will remain an issue in the medium<br />
term.”<br />
People and communities<br />
“We know that our success is only<br />
possible with the support <strong>of</strong> our communities<br />
and it’s important to us that<br />
we continue to recognise that,” said<br />
Mathieson.<br />
“We’re delighted a record<br />
NZ$2.25 billion will be returned to<br />
the New Zealand kiwifruit industry,<br />
and to know that those returns will<br />
support jobs and communities around<br />
the country.<br />
“In 2020/21, Zespri partnered<br />
with KidsCan and Ronald McDonald<br />
House for the first time – two inspiring<br />
organisations who work hard to<br />
support those in need. We also shared<br />
over 100 tonnes <strong>of</strong> fresh kiwifruit<br />
with organisations around the country,<br />
so more people could access the<br />
health benefits.<br />
“We were also pleased to kick <strong>of</strong>f<br />
the first Zespri Young and Healthy<br />
Virtual Adventure, helping teach<br />
20,000 young New Zealanders<br />
about the importance <strong>of</strong> eating well,<br />
exercising and looking after the<br />
environment.<br />
“And we supported a number<br />
<strong>of</strong> important causes in our markets<br />
around the world as part <strong>of</strong> our purpose<br />
<strong>of</strong> helping people, communities<br />
and the environment to thrive. These<br />
efforts will grow as our industry does<br />
and as we focus on ensuring<br />
we have a positive impact<br />
around the world.”<br />
2020/21 financial results summary:<br />
• Zespri global operating revenue: NZ$3.89 billion<br />
• Zespri global fruit sales revenue: NZ$3.58 billion<br />
• Total New Zealand-grown fruit and service payments<br />
including loyalty premium: NZ$2.25 million<br />
• Zespri global trays sold: 181.5 million trays<br />
• Zespri’s net pr<strong>of</strong>it after tax: NZ$290.5 million<br />
• Expected Total Dividends: NZ$1.33
20 BAY OF PLENTY BUSINESS NEWS <strong>July</strong> <strong>2021</strong><br />
First on the scene<br />
Photos from the recent networking at a BA5 held at Basestation, Tauranga<br />
Photos by Vanessa Laval-Glad, Laval Photo and Video<br />
1<br />
2<br />
1 Steven Vincent and Megan Merritt, <strong>Bay</strong>leys. 2 Nick Hartley and Sally Green, Caleys.<br />
3<br />
4<br />
5<br />
3 LeeAnne Basset, FACEUP and Rob Bull, Plexus Consulting. 4 Jaycee Hazooria, ACE Consultants and Paul Khosla, ACE Consultants. 5 Pascale Hyboud-Peron, Basestation.<br />
6<br />
7 8<br />
6 Tania Wilson, Momenta Charitable Trust and Ge<strong>of</strong>frey Campbell, The Why. 7 Shane Jaxson, BONZ and Tony Snow, Stratus Blue. 8 Sam Ackerman, Ackermerc and Simon Fowler, The Colour<br />
Code.<br />
9<br />
10<br />
9 Gaylene Shanley Property Services Unlimited BOP, Browyn and Eddie Jackson, Grief Support Services. 10 Sam Ackerman, Ackermerc, Matt Cowley, Chamber <strong>of</strong> Commerce Tauranga,<br />
Leanne Brown, Harcourts and Lloyd Davies, Literacy Aotearoa.
<strong>July</strong> <strong>2021</strong> BAY OF PLENTY BUSINESS NEWS 21<br />
Pandemic inspires New Zealand<br />
s<strong>of</strong>tware product uptake<br />
Leading New Zealand<br />
fresh produce s<strong>of</strong>tware<br />
provider Radfords, which<br />
has its base in Tauranga,<br />
has overcome some initial<br />
global pandemic-related<br />
challenges to realign how<br />
it engages with global<br />
fresh produce businesses.<br />
These are showing a<br />
renewed enthusiasm<br />
to adopt automated<br />
pre and post-harvest<br />
technologies.<br />
Customer success manager<br />
Royce Sharplin said a considerable<br />
upswing in the demand<br />
for Radfords’ technology solutions in<br />
the past nine months had resulted in<br />
significant new business wins in Australia<br />
and the United States. This followed<br />
some challenging times after<br />
some sizeable projects were delayed<br />
by the uncertainty created by the pandemic<br />
and the lockdown conditions.<br />
He cited several drivers prompting<br />
the surge <strong>of</strong> interest from various<br />
operators along the fresh produce<br />
supply chain, including some from<br />
surprising new sectors.<br />
“There’s no doubt, the motivation<br />
for change has been exacerbated<br />
by coronavirus which has magnified<br />
operational inefficiencies for packhouse<br />
operators,” Sharplin said.<br />
Struggle for seasonal labour<br />
“Globally, fresh produce suppliers are<br />
struggling to find seasonal labour and<br />
they have found it harder to get physical<br />
labour into the packhouse and<br />
move people around due to physical<br />
distancing protocols.<br />
“This frustration has forced a scrutiny<br />
<strong>of</strong> systems and a rethink <strong>of</strong> current<br />
system capabilities. Radfords’<br />
Radford’s FreshPack s<strong>of</strong>tware is customisable and scaleable. Photo Supplied.<br />
FreshPack s<strong>of</strong>tware is customisable<br />
and scaleable to support fresh produce<br />
business growth.”<br />
Sharplin said Radfords had continued<br />
to strengthen its existing product<br />
line-up and industry-specific solutions<br />
that facilitated the electronic<br />
capture, processing, storage and<br />
reporting <strong>of</strong> information in response<br />
to demand.<br />
“The focus on tracking and tracing<br />
has never been greater. As global<br />
consumers demand healthy and safe<br />
produce, fresh produce suppliers need<br />
reliable and easy-to-use traceability<br />
technologies to support their efforts<br />
to meet this demand and assure their<br />
long-term survival.<br />
“Radfords has a suite <strong>of</strong> products<br />
that provide full traceability along<br />
Globally, fresh produce suppliers are struggling to<br />
find seasonal labour and they have found it harder<br />
to get physical labour into the packhouse and<br />
move people around due to physical distancing<br />
protocols. This frustration has forced a scrutiny<br />
<strong>of</strong> systems and a rethink <strong>of</strong> current system<br />
capabilities.” – Royce Sharplin<br />
the supply chain, eliminating the<br />
need for paper-based or manual input<br />
systems.”<br />
Pandemic-related travel constraints<br />
had made new deployments<br />
challenging, he said.<br />
“But we’re adapting and utilising<br />
technology. For example, we’re<br />
working on the introduction <strong>of</strong> smart<br />
glasses which will give us a virtual<br />
tour <strong>of</strong> a packhouse to assess needs.”<br />
New generation pushes for<br />
change<br />
He said a new tech-savvy generation<br />
working in family owned fresh produce<br />
businesses, was also agitating<br />
for change.<br />
“Second or third generation producers<br />
are approaching us directly as<br />
a result <strong>of</strong> not being able to travel or<br />
work <strong>of</strong>fshore. They have grown up<br />
with technology and are looking with<br />
fresh eyes at ways to optimise systems<br />
and processes and add value to<br />
the family business,” he said.<br />
Radfords had also experienced<br />
increased interest from operators who<br />
had outgrown their bespoke systems<br />
and urgently needed new systems to<br />
grow with them, he said.<br />
Radfords was currently in the<br />
scoping phase with a major Australian<br />
root vegetable producer and several<br />
apple and citrus producers in the<br />
United States, he said.<br />
“As there has been an inability to<br />
attend trade shows and meet producers<br />
face-to-face, we’ve noticed these<br />
conversations are starting at a more<br />
advanced point. Operators are doing<br />
their homework and speaking to likeminded<br />
businesses which already<br />
have Radfords’ technology.<br />
“We are, however, very excited<br />
about hosting new and existing customers<br />
at our Hort Connections booth<br />
in Brisbane.”<br />
Radfords has extensive experience<br />
in New Zealand’s kiwifruit and apple<br />
industries, having provided s<strong>of</strong>tware<br />
solutions for packhouse operators<br />
since 1989. However, it now has<br />
more than 80 clients around the world<br />
including Australia, the US, Italy,<br />
France, Korea and Japan.<br />
He said Radfords had sharpened<br />
its focus on the UX (user experience)<br />
<strong>of</strong> its core existing products during<br />
the past year, including the following<br />
products to give fresh produce customers<br />
a platform for efficiency and<br />
growth.<br />
• On-farm FreshGrow<br />
• FreshQuality<br />
• Packhouse solution, FreshPack<br />
• <strong>Business</strong> intelligence platform<br />
FreshInsights<br />
• Radfords’ cloud-based capability<br />
Radfords’ pandemic-inspired<br />
prosperity had generated jobs for an<br />
additional six employees at its Tauranga<br />
base, including two interns in<br />
collaboration with the University <strong>of</strong><br />
Waikato, he said.<br />
“We’ve also had to contract<br />
resources in Australia to support and<br />
absorb the extra work and will look<br />
to have more feet on the ground in the<br />
US this year,” he said.<br />
NEWSBRIEF<br />
Norse Skog Kawerau Mill closure update<br />
Norske Skog’s recent announcement that it would be selling the Tasman Mill’s<br />
assets and stopping production by the end <strong>of</strong> the month didn’t come as a<br />
surprise to the workers at the mill, or even most <strong>of</strong> the people around Kawerau,<br />
a town in the eastern <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> with a population <strong>of</strong> about 7500.<br />
The closure follows a strategic<br />
review that began<br />
at the mill last September<br />
2020. Norske Skog regional president<br />
Eric Luck said the company<br />
would work with employees and<br />
their union representatives on the<br />
implementation plan for the closure<br />
<strong>of</strong> the mill, with the aim <strong>of</strong><br />
making the process as smooth as<br />
possible.<br />
However, the announcement<br />
that Norske Skog will close is devastating<br />
for the families involved<br />
and for the wider regional wood<br />
processing sector.<br />
But the recent focus on diversifying<br />
the region’s economy away<br />
from reliance on forestry has been<br />
validated by the news, according<br />
to Toi EDA.<br />
Toi EDA sees great opportunities<br />
to reposition the workers due<br />
to the surge in economic confidence<br />
in the region.<br />
The Eastern BOP is one <strong>of</strong><br />
the few regions in the country to<br />
have rebounded strongly to pre-<br />
Covid-19 employment levels<br />
and continues to grow based on<br />
several catalytic sectors that are<br />
receiving significant investments.<br />
Demand for work is still<br />
strong<br />
Ian Morton, Toi EDA co general<br />
manager, says that “with the<br />
community-minded Sequal Lumber<br />
Mill taking on an extra shift<br />
in Kawerau, the booming boat<br />
building sector recruiting heavily,<br />
record planting in the high value<br />
horticulture sector, and Whakatohea<br />
Mussels taking on almost 100<br />
new roles, the demand for work<br />
ready employees is strong.<br />
Three years ago we recognised<br />
the need to change our economy<br />
to be more diverse and thankfully<br />
these opportunities exist today as a<br />
result.”<br />
The construction <strong>of</strong> the Kawerau<br />
Putauaki Industrial Development,<br />
leveraging the clean geothermal<br />
energy found in the town, has<br />
already begun to attract investment<br />
in the town, such as the Waiu Dairy<br />
Factory.<br />
The construction <strong>of</strong> the new<br />
roundabout to service the new<br />
industrial complex is well underway<br />
and the town is well set up<br />
to leverage the heavy industrial<br />
engineering expertise located in<br />
Kawerau.<br />
Mill workers wanting to start<br />
their own businesses are encouraged<br />
to tap into support resources<br />
that the EBOP Chamber <strong>of</strong> Commerce<br />
has on <strong>of</strong>fer, with a business<br />
advisory role that regularly visits<br />
Kawerau.<br />
The local industry community<br />
group, Industrial Symbiosis Kawerau,<br />
will continue to support those<br />
businesses that work alongside the<br />
Norske Mill to ensure they are able<br />
to identify new opportunities.<br />
Toi EDA co general manager,<br />
Karl Gradon, encourages central<br />
government to align wood processing<br />
policy that will reduce the<br />
incentives for log owners to export<br />
logs <strong>of</strong>fshore in their raw form<br />
and instead find ways to add value<br />
locally.<br />
The distortion in the world<br />
lumber market is extreme and,<br />
alongside our high energy costs, is<br />
causing the closure <strong>of</strong> our domestic<br />
processing capacity.<br />
If these distortions continues<br />
then the domestic wood processing<br />
sector will continue to be challenged<br />
and further closures will be<br />
on the horizon.
22 BAY OF PLENTY BUSINESS NEWS <strong>July</strong> <strong>2021</strong><br />
Pick the right tone <strong>of</strong> voice<br />
Anyone who has had a disagreement<br />
with their partner will know the danger <strong>of</strong><br />
getting your tone wrong. The same is true<br />
in marketing; get your tone <strong>of</strong> voice wrong<br />
and you risk failing to connect with potential<br />
customers or turning them <strong>of</strong>f your product<br />
or brand completely.<br />
But how do you pick the<br />
right voice? One <strong>of</strong> the<br />
first things to consider is<br />
the demographic you are marketing<br />
to. How old are your<br />
target customers? Are they<br />
male or female? Is your business<br />
operating primarily in the<br />
business to business or business<br />
to consumer space?<br />
Think about the way your<br />
ideal customers like to be spoken<br />
to, including what will<br />
grab and hold their attention,<br />
as well as what they are likely<br />
to find credible.<br />
Be aware <strong>of</strong> differences<br />
in tone<br />
Take the example <strong>of</strong> business<br />
selling the latest skate<br />
clothing to teenagers and<br />
school-leavers.<br />
The conversational and<br />
edgy tone that might be most<br />
effective to market to their<br />
audience is likely to be vastly<br />
different to the language used<br />
by an established technology<br />
company selling enterprise-level<br />
accounting s<strong>of</strong>tware<br />
to corporates.<br />
Your brand – and the way<br />
you want people to perceive<br />
your products and service – is<br />
another key consideration.<br />
If you operate at the luxury<br />
end <strong>of</strong> the market, your language<br />
should reflect that. You<br />
might emphasise the quality<br />
<strong>of</strong> your product or service, the<br />
story behind how it was created,<br />
and the superlative experience<br />
people will have when<br />
using it.<br />
This differs from the way<br />
you might market a product<br />
or service that is competing<br />
purely on price. Think <strong>of</strong> Pak<br />
‘n’ Save and its stick man ads;<br />
words like “cheap” need not be<br />
avoided if you are competing<br />
at the lower end <strong>of</strong> the market.<br />
Understanding your target<br />
customers, your brand,<br />
and your position within your<br />
market will help guide the language<br />
you use, as well as the<br />
tone and messaging that will<br />
be most effective.<br />
Keep in mind that in all<br />
cases, plain English should<br />
still be used. There’s no need<br />
to pack your content full <strong>of</strong><br />
acronyms, cliches or buzzwords,<br />
even in the most corporate<br />
<strong>of</strong> markets.<br />
It’s also important to ensure<br />
you’re up with the play with<br />
the language used by your target<br />
demographic. People will<br />
quickly notice if your language<br />
is out <strong>of</strong> touch.<br />
I recall the sales manager <strong>of</strong><br />
a company I worked for years<br />
ago who asked me to develop<br />
advert copy to promote a series<br />
<strong>of</strong> youth programmes that were<br />
being run in Auckland.<br />
He was determined to sprinkle<br />
terms like “sick”, “skux”<br />
and “the bomb” throughout<br />
his ad messaging, forgetting<br />
the lingo used by young people<br />
changes quickly and had<br />
moved on since his own children<br />
were in school.<br />
THE LAST WORD<br />
> BY JAMES HEFFIELD<br />
Director <strong>of</strong> <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> marketing and PR consultancy Last<br />
Word. To find out more visit lastwordmedia.co.nz or email<br />
james@lastwordmedia.co.nz.<br />
I’m sad to say my objections<br />
to including the terms<br />
were ignored, the ads were<br />
run, and they became the butt<br />
<strong>of</strong> a fair few jokes amongst<br />
their target audience.<br />
Change your language if<br />
necessary<br />
Changing the language you<br />
use to promote your product or<br />
service can require a chameleon-like<br />
ability to adapt the<br />
way you speak or write. However,<br />
it can pay real dividends<br />
when it comes to sales and the<br />
number <strong>of</strong> people engaging<br />
with your company.<br />
Many digital advertising<br />
platforms – including Google<br />
Ads and Facebook – allow you<br />
to run A/B testing <strong>of</strong> different<br />
wording to accompany paid<br />
ads you are running. This process<br />
allows you to present two<br />
variations <strong>of</strong> an ad to different<br />
members <strong>of</strong> your target audience<br />
while gauging which <strong>of</strong><br />
the variations attracts the most<br />
clicks and drives the most<br />
online sales.<br />
Using A/B testing to gauge<br />
the effectiveness <strong>of</strong> ads with<br />
subtly different language is<br />
just one way businesses can<br />
home in on the tone that resonates<br />
best with their audience.<br />
Getting your tone right is a<br />
constant learning process, and<br />
one that needs regular revision.<br />
What’s important is that you<br />
remain in tune with your target<br />
customers, continue to speak<br />
their language, and respond<br />
as your market position and<br />
brand continue to evolve.<br />
Phone me!<br />
Musings on luxury and leisure, post annus horribilis<br />
The original mobile telephone<br />
weighed in at<br />
impressive 2kg and was<br />
first demonstrated in 1979.<br />
The first commercially available<br />
handheld, the DynaTAC<br />
8000x was not available until<br />
1983.<br />
The four-year gap seems<br />
somewhat pedestrian given<br />
the speed to market <strong>of</strong> modern<br />
tech products. I guess that gave<br />
them time to ‘get it right’ and<br />
‘sort out the bugs’, rather like<br />
the time you need to develop<br />
LUXURY & LIFESTYLE<br />
> BY ALAN NEBEN<br />
Alan Neben is a Mount Maunganui local and experienced New Zealand<br />
publisher. He uses digital devices well in excess <strong>of</strong> the recommended daily<br />
limit. alan@bopbusinessnews.co.nz<br />
and launch a Covid vaccine –<br />
but that’s another story.<br />
The 1990’s: what heady<br />
days they were. Brick in hand,<br />
shoulder pads in place and<br />
Bollinger flowing, business<br />
lunches will probably never<br />
end so late-in-the-day again.<br />
Funny thing is, you didn’t<br />
actually need to use the mobile<br />
phone, you just needed to be<br />
seen with it and to occasionally<br />
fake an extremely important<br />
incoming call. An elaborate<br />
song and dance evolved<br />
around the façade <strong>of</strong> appearing<br />
to be a mobile-equipped VIP<br />
(Very Irritating Person).<br />
But that first mobile phone<br />
let the genie out the bottle, and<br />
as we know, you can’t easily<br />
get the toothpaste back in that<br />
bottle [sic].<br />
Must have had’s<br />
We’ve <strong>of</strong>ten seen new-fangled<br />
gadgets become the ‘must<br />
have’ … and then quickly<br />
become the ‘must have had’.<br />
Fax machines suddenly<br />
flourished in business in the<br />
‘80s, then declined as quickly<br />
in the ‘90s replaced by email,<br />
computers and printers – oh<br />
how quickly we forget.<br />
The now ubiquitous cell<br />
phone has not fallen victim<br />
to such a meteoric fall-fromgrace.<br />
On the contrary the<br />
mobile has evolved and morphed<br />
from a phone-calling<br />
device to a, “do-absolutely-everything-you-can-think-<strong>of</strong>,<br />
and-then-even-more-stuff,<br />
device”.<br />
The names may have<br />
changed, Motorola and Blackberry<br />
have been supplanted by<br />
Apple and Samsung, but the<br />
song remains the same. Hardly<br />
surprising that the biggest job<br />
confronting auditors for NAS-<br />
DAQ superstars like Apple is<br />
checking the correct number<br />
<strong>of</strong> zeros at the bottom <strong>of</strong> their<br />
The names may have<br />
changed, Motorola<br />
and Blackberry have<br />
been supplanted by<br />
Apple and Samsung,<br />
but the song remains<br />
the same.<br />
reports – trust me, it’s so easy<br />
to absent-mindedly transpose a<br />
billion and a million. There’s<br />
money in mobile.<br />
And all the while the fax<br />
machine can still only send<br />
faxes. Sad.<br />
Why, oh why then, given<br />
the ubiquitousness <strong>of</strong> the<br />
mobile phone, is it impossible<br />
to get a millennial GenZ’er<br />
to phone their grandmother<br />
or clear their voice mail messages?<br />
What part <strong>of</strong> cell phone<br />
(if you take away the cell part)<br />
do they not understand? And<br />
‘no, Gran doesn’t want you to<br />
DM her - She doesn’t do DM’.<br />
Virtually everyone nowadays<br />
has a mobile device. We<br />
can Uber, Ola, Holla, Tweet,<br />
swipe, post, friend, defriend,<br />
txt, IG, FB, WhatsApp, like,<br />
unlike, slack, follow, unfollow,<br />
pay, Afterpay, Paypal, filter,<br />
stream, cast, share and then<br />
ghost – you can even have blue<br />
teeth and make videos with a<br />
clock in the clouds.<br />
Yet ironically, the one<br />
skill the smart phone seems<br />
to be eliminating is the ability<br />
to “just call”. And that’s<br />
leading to a related problem<br />
– the declining ability to “just<br />
answer”.
<strong>July</strong> <strong>2021</strong> BAY OF PLENTY BUSINESS NEWS 23<br />
Brad Harkin, Director Harkin Ro<strong>of</strong>ing<br />
HARKIN ROOFING has a new purpose-built<br />
<strong>of</strong>fice and manufacturing facility at 94 Gargan<br />
Road, Tauriko.<br />
Built by Foster Construction, Harkin’s new<br />
footprint is approximately 1,210m², comprising<br />
400m² <strong>of</strong>fices, a manufacturing space for<br />
flashings and edge-protection, plus plenty <strong>of</strong><br />
storage space.<br />
Director Brad Harkin says that, having worked<br />
as a ro<strong>of</strong>ing subcontractor on several <strong>of</strong> their<br />
projects, he had seen first-hand the quality <strong>of</strong><br />
their work, Fosters was a natural choice.<br />
“Fosters are easy to work with” says Brad.<br />
“They instil a great level <strong>of</strong> trust through the<br />
project team and with clients.<br />
For Fosters, attention to detail was key to this<br />
project. The objective was to provide a well laid<br />
out facility suited to Harkin’s daily work, with an<br />
abundance <strong>of</strong> natural light.<br />
“Starting with a simple concept design, Fosters<br />
were involved in designing a practical space<br />
that was fit for purpose” continues Brad.<br />
“Throughout the project, nothing was too hard.<br />
I could pick up the phone, discuss a change and<br />
see it happen. There was no need to sign <strong>of</strong>f<br />
every step.”<br />
The result is everything Brad expected, and<br />
more.<br />
“The project was delivered on budget and on<br />
time” he concludes. “I can’t fault the building at<br />
all. And the quality <strong>of</strong> finish, especially through<br />
the <strong>of</strong>fices, really exceeded my expectations.”<br />
FOSTERS.CO.NZ . 07 570 6000
24 BAY OF PLENTY BUSINESS NEWS <strong>July</strong> <strong>2021</strong>